MoneyHash, a cutting-edge Egyptian fintech company, has successfully raised $5.2 million in a pre-Series A funding round led by Flourish Ventures. This strategic investment will enable MoneyHash to deepen its presence in the Middle East and North Africa (MEA) region and expand into new markets.
The funding round saw participation from prominent investors, including Saudi’s Vision Ventures, Arab Bank’s Xelerate Fund, Emurgo Kepple Ventures, and angel investor Jason Gardner, founder and former CEO of Marqeta. Existing investors COTU, RZM Investment, and Tom Preston-Werner also contributed to the round.
This latest fundraiser brings MoneyHash’s total funding to approximately $12.7 million, following a $4.5 million seed investment in 2024 and a $3 million pre-seed in 2022.
Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash addresses the complex challenge of fragmented payments in the MENA region. The platform provides a unified API that integrates various payment gateways, optimizing success and minimizing fraud.
“We’ve built MoneyHash to help merchants overcome these complex challenges and turn payments into a strategic advantage,” said Nader Abdelrazik, co-founder and CEO of MoneyHash.
MoneyHash boasts a comprehensive integration network, with over 300 pre-integrated APIs of payment service providers and methods across 100+ markets. This future-proofs payment operations for merchants, setting MoneyHash apart in the fintech landscape.
