MoneyHash, an Egyptian fintech startup that offers APIs to help businesses in Africa and the Middle East manage their online payments on a single platform, has successfully raised $5.2 million in a pre-Series A funding round. The company plans to use the newly acquired funds to strengthen its presence in the Middle East and North Africa (MEA) region and to expand into additional markets.
The funding round was led by Flourish Ventures and included participation from Saudi’s Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Notably, angel investor Jason Gardner, the founder and former CEO of Marqeta, also contributed to the round, along with existing investors such as COTU, RZM Investment, and Tom Preston-Werner.
This latest round of funding brings MoneyHash’s total capital raised to approximately $12.7 million. The startup had previously secured $4.5 million in seed investment in 2024 and $3 million in pre-seed funding in 2022. Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash aims to address the fragmented payment challenges faced by merchants in the MENA region.
Large merchants, particularly those operating across borders, often struggle with managing multiple payment methods and providers. MoneyHash simplifies this process by offering a single platform that integrates various payment gateways—such as Checkout, Stripe, Ayden, Amazon Pay, Tap, and ValU—through a unified API. This integration optimizes payment success rates and minimizes fraud. Initially, MoneyHash provided companies with sandbox access to its API, enabling connections to local payment gateways like Fawry, Paymob, and PayTabs.
We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage.
Nader Abdelrazik, co-founder and CEO of MoneyHash
One of MoneyHash’s key selling points is its comprehensive integration network. “With over 300 pre-integrated APIs of 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,” added Abdelrazik.
