- MoneyHash secures USD 5.2 million in pre-Series A funding in a round led by Flourish Ventures.
- They are built to tackle emerging markets’ challenges aiming to transform existing payment setups into high performance engines.
- With their funding MoneyHash aims to expand globally and accelerate their market penetration into the MEA region.
MoneyHash secures USD 5.2 million in pre-Series A funding in a round led by Flourish Ventures. This is alongside Vision Ventures, Arab Bank’s Xelerate, and Emurgo Kepple Ventures. Previously, the platform raised USD 4.5 million in pre-seed funding in 2024 to fuel technological advancements and regional expansion.
MoneyHash
Founded by Nader Abdelrazik and Mustafa Eid in 2021, Money Hash is an Egyptian FinTech startup and a comprehensive payment operating platform in MENA. They target emerging markets in order to transform existing payment setups into high performance engines. Furthermore, emerging markets face the challenge of a complex web of payment providers, methods and regulations that lack standardization or regional integration. Thus, this often causes high operation costs, revenue leakage and limited ability to scale across markets.
Maram Alikaj, Chief Operating Officer of MoneyHash, emphasizes, “We’ve built our product with a deep understanding of emerging markets’ unique challenges. Rather than letting merchants struggle with fragmented solutions, we provide a unified suite that elevates all payment performance metrics.”
Nader Abdelrazik, co-founder and CEO of MoneyHash, ” We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage.”
Future Plans
With their funding from Flourish Ventures, MoneyHash aims to expand globally. Additionally, they aim to accelerate their market penetration into the MEA region whilst planning for expansion into other emerging markets. Currently, their headquarters are in New York with a workforce of 30 professionals across 9 countries with a total funding of USD 7.5 million. Thus, they aim to use their new funding to accelerate their expansion regionally.
“In our early years, we strategically focused on partnering with strong regional investors to accelerate our market penetration. Now, with Flourish Ventures joining us, we’re establishing a solid foundation for global expansion. Having such a fintech well-seasoned, globally recognized fund as our partner is particularly crucial for our next phase of growth.”
Nader Abdelrazik, co-founder and CEO of MoneyHash
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