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Quick Read: MoneyHash, an Egyptian fintech startup, raised $5.2 million in a pre-Series A funding round led by Flourish Ventures, with contributions from Vision Ventures and other investors. The company simplifies payment management for businesses in the MENA region through a unified API. This funding brings its total capital to $12.7 million and will support expansion efforts.
MoneyHash, an Egyptian fintech startup, has raised $5.2 million in a pre-Series A funding round. The company provides APIs to help businesses in Africa and the Middle East manage online payments through a single platform.
The funds will help MoneyHash strengthen its presence in the Middle East and North Africa (MENA) region and expand into new markets.
Backing from Leading Investors
The funding round was led by Flourish Ventures, with participation from Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Angel investor Jason Gardner, the founder and former CEO of Marqeta, also joined the round alongside existing investors such as COTU, RZM Investment, and Tom Preston-Werner.
This latest funding brings MoneyHash’s total capital raised to $12.7 million. The startup previously secured $4.5 million in seed funding in 2024 and $3 million in pre-seed funding in 2022.
Solving Fragmented Payment Challenges
Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash addresses payment fragmentation faced by businesses in the MENA region. Large merchants, especially those operating across borders, often struggle with managing multiple payment methods and providers.
MoneyHash simplifies this process by integrating various payment gateways—including Checkout, Stripe, Ayden, Amazon Pay, Tap, and ValU—into a single, unified API. This solution helps businesses improve payment success rates and reduce fraud. Initially, MoneyHash offered sandbox access for companies to connect to local payment gateways like Fawry, Paymob, and PayTabs.
A Strategic Advantage for Merchants
“We built MoneyHash to help merchants turn payments from a liability into a strategic advantage,” said Nader Abdelrazik, co-founder and CEO of MoneyHash.
With over 300 pre-integrated APIs covering 100+ markets, MoneyHash is well-positioned to future-proof payment operations for businesses. “Our integration network isn’t just solving today’s challenges—it’s paving the way for tomorrow’s innovations,” Abdelrazik added.
MoneyHash is now poised to continue its mission of simplifying payments and driving growth for businesses across the MENA region.
