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Egypt Fintech MoneyHash Secures USD 5.2 M In Pre-Series A Funding
Egypt Fintech MoneyHash Secures USD 5.2 M In Pre-Series A Funding

MoneyHash, a payment orchestration platform in the Middle East and Africa (MEA), has raised USD 5.2 M in pre-series A funding. The round was led by Flourish Ventures, a global fintech investor with a portfolio including Flutterwave, Chime, and FairMoney.

Other participants include Saudi Arabia’s Vision Ventures, Arab Bank’s Xelerate, Emurgo Kepple Ventures, and Jason Gardner, founder of Marqeta, in his first MEA investment. Existing investors, including COTU and GitHub founder Tom Preston-Werner, also joined the round.

This funding follows a USD 4.5 M seed round in early 2024, enabling MoneyHash to expand its offerings and grow its regional presence. The company’s platform simplifies the fragmented payment landscape in emerging markets, which often face high failure rates, fraud, and operational inefficiencies. By integrating over 300 payment APIs across 100+ markets, MoneyHash helps businesses reduce costs and improve transaction performance.

Founded in 2021 by Egyptian technologists Nader Abdelrazik and Mustafa Eid, MoneyHash has quickly gained traction among enterprise clients, including notable brands like Tamara and Kitopi. In 2024, the company tripled its enterprise customer base and achieved a 4x increase in processing volume.

The new funding will accelerate MoneyHash’s expansion within MEA and into additional emerging markets. With a team of 30 professionals across nine countries, MoneyHash continues its mission to revolutionise payment infrastructure in emerging markets.