MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA), has successfully raised $5.2 million in a pre-Series A funding round.

This investment, led by Flourish Ventures, with participation from prominent investors like Vision Ventures, Arab Bank’s Xelerate, EMURGO Kepple Africa Ventures, and Marqeta founder Jason Gardner, underscores the company’s rapid growth and the critical need to modernise payment infrastructure in emerging markets.

Founded in 2021 by Egyptian technologists Nader Abdelrazik and Mustafa Eid, MoneyHash addresses the significant challenges facing payment systems in developing countries. High failure rates, rampant fraud, and complex regulatory landscapes often hinder businesses and limit economic growth.

MoneyHash tackles these issues head-on by providing a comprehensive payment operating system. This innovative platform integrates over 300 APIs across 100+ markets, enabling businesses to streamline payment processes, reduce costs, and enhance customer experiences.

The company boasts an impressive client roster, including prominent names like Saudi Arabia’s unicorn Tamara and cloud kitchen operator Kitopi.

This traction has fuelled significant growth, with MoneyHash experiencing a remarkable fourfold increase in processing volume throughout 2024.

The new funding will be strategically utilised to accelerate market penetration within the MEA region while laying the groundwork for expansion into other emerging markets.

This expansion will further solidify MoneyHash’s position as a key player in transforming the global payments landscape.

Their payment operating system, a cornerstone of their offering, integrates seamlessly with existing merchant payment providers.

This integration provides a unified API for both inbound and outbound payments, enabling businesses to manage their entire payment ecosystem from a single platform.

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Furthermore, the system boasts sophisticated transaction routing with built-in fraud prevention capabilities, ensuring secure and reliable payment processing.

Key features such as recurring payments, virtual wallets, subscription management, and payment links empower businesses to offer a more comprehensive and user-friendly payment experience to their customers.

MoneyHash: Powerful Software for a Superior Payment Performance

MoneyHash offers a comprehensive payment operating system built for emerging markets, transforming existing payment setups into high-performance engines.

The platform seamlessly integrates with merchants’ existing payment providers while delivering powerful capabilities: a unified API for pay-in and pay-out operations, a fully customisable checkout experience, sophisticated transaction routing with built-in fraud prevention and failure rate optimisation, and comprehensive reporting tools.

This core offering is enhanced by features like recurring payments, virtual wallets, subscription management, and payment links.

MoneyHash’s product promises a 10–20% increase in revenue generation and a 90% decrease in go-to-market and development costs.

A Focus on Enterprise Success

MoneyHash has strategically focused on large enterprise clients, a segment that now constitutes over 35% of its client portfolio, reflecting a significant threefold expansion in 2024.

This strategic positioning has driven impressive results, with processing volume increasing fourfold throughout the year.

Fuelling Future Growth

Ameya Upadhyay, a prominent investor, will be joining MoneyHash’s board of directors. Upadhyay emphasises, “MoneyHash has built a must-have product for enterprises that delivers better payment performance and higher margins from day one.

As early-stage investors with a large EM-focused payment portfolio, we have firsthand experience of the massive scale of the opportunity. The team’s deep payment experience and obsessive customer focus position them to emerge as a leader across Emerging Markets, starting with MEA.”

Expanding Global Reach

With headquarters in New York City and a diverse team of 30 professionals spread across nine countries, MoneyHash has previously secured $7.5 million in funding through two previous investment rounds.

The newly acquired capital will be strategically utilised to accelerate market penetration in the Middle East and Africa (MEA) region while paving the way for expansion into other emerging markets.

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MoneyHash: Funding, Careers, App, and Documentation Driving Fintech Innovation

MoneyHash has been making waves in the fintech industry with significant MoneyHash funding that has allowed the company to grow and expand its offerings.

The MoneyHash app continues to gain traction, providing users with seamless payment integration solutions across various platforms. For those looking to join the innovative team behind this groundbreaking technology, MoneyHash careers present exciting opportunities in a rapidly growing sector.

Additionally, developers and businesses can access comprehensive MoneyHash documentation to integrate the app effectively into their systems. With ongoing support from MoneyHash funding, the company is poised for even greater success in the future.

Looking Ahead

Instant payments are a game-changer for businesses in emerging markets. By enabling faster transactions and improved cash flow, they empower companies to grow, innovate, and thrive.

MoneyHash, with its cutting-edge technology and deep understanding of the unique needs of these markets, is well-positioned to lead this transformation and unlock the full potential of digital payments in the years to come.