Egypt’s payments platform MoneyHash raises $5.2m in pre-Series A funding
By Gloria Methri
MoneyHash, the payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2 million in pre-A funding. The round was led by Flourish Ventures, a global FinTech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures.
The round also features the participation of Jason Gardner, founder and former CEO of Marqeta, as his first MEA investment. Existing investors COTU, RZM Capital, and Github founder Tom Preston-Werner also contributed to the funding.
MoneyHash previously secured a $4.5 m seed round in early 2024, which fuelled technological advancements and regional expansion initiatives. The company 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 a unified API for pay-in and pay-out operations, a customisable checkout experience, transaction routing with built-in fraud prevention and failure rate optimisation, and comprehensive reporting tools. Features like recurring payments, virtual wallets, subscription management, and payment links enhance this core offering.
Nader Abdelrazik, co-founder and CEO of MoneyHash, said, “In emerging markets, payment infrastructure remains significantly underdeveloped, with failure rates three times the global average and fraud rates and cart abandonment over 20% higher than developed markets. Drawing from our extensive experience in MEA, one of the most challenging regions globally, we have seen firsthand how these issues transform payments from a growth enabler into a cost and risk centre.”
Abdelrazik added, “The opportunity to solve this is immense. In emerging markets, digital payments represent only a fraction of total transaction volume, suggesting massive growth potential in the coming decade. We have built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage.”
Maram Alikaj, Chief Operating Officer of MoneyHash and former payment leader at Block (formerly Square), emphasised, “We have 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.”
He added, “What sets us apart is our focus on emerging markets combined with our unparalleled integration network. With over 300 pre-integrated APIs connecting to 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. This extensive coverage, paired with our specialized feature set for emerging markets, ensures that businesses can confidently scale their payment operations while maintaining superior performance metrics.”
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