Mr Viral
MoneyHash, an Egyptian fintech startup that provides APIs to help businesses in Africa and the Middle East manage their online payments on a single platform, has raised $5.2 million in a pre-Series A funding round. MoneyHash will use the funding to to deepen its presence in the Middle East and North Africa (MEA) region and expand into other markets.
The funding round was led by Flourish Ventures and saw participation from Saudi’s Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Angel investor, Jason Gardner, the founder and former CEO of Marqeta, also invested in the round, alongside existing investors like COTU, RZM Investment, and Tom Preston-Werner.
The new fundraise brings the total fund raise to about $12.7 million. The startup raised $4.5 million in seed investment in 2024 and a $3 million pre-seed in 2022.
Launched in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash set out to solve challenges in fragmented payments problems for merchants in the MENA region. Large merchants, especially those operating across borders, face the complex task of managing multiple payment methods and providers. MoneyHash simplifies this with a single platform that integrates various payment gateways—like Checkout, Stripe, Ayden, Amazon Pay, Tap and ValU—through a unified API, optimizing for success and minimizing fraud. MoneyHash initial started by providing companies with sandbox access to its API, enabling connections to local payment gateways like Fawry, Paymob, and PayTabs.
“We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage,” said Nader Abdelrazik, co-founder and CEO of MoneyHash.
MoneyHash claims one of its key selling point is its comprehensive integration network. “With over 300 pre-integrated APIs of payment service providers and methods across 100+ markets, we’re not just solving today’s challenges—we’re future-proofing payment operations for our merchants,” said Abdelrazik.
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