Egyptian Fintech MoneyHash Closes USD 4.5 M Seed Round

US-based Egyptian fintech MoneyHash has raised a USD 4.5 M seed funding round, co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund (DFDF), VentureFriends, and angel investors. In 2022, MoneyHash raised a USD 3 M pre-seed round.

Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash is a payment orchestration that offers a comprehensive payment operating system as a service to address the various technological and product challenges faced by enterprise merchants. The new funds will be used to expand the business team and growth capabilities while maintaining technological progress.