An African fintech startup known as MoneyHash has successfully secured $5.2 million in a pre-Series A funding round. The company intends to utilize this financial backing to strengthen its presence in the Middle East and North Africa (MEA) region and to venture into other markets.
The funding round was spearheaded by Flourish Ventures and also had contributions from Saudi’s Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Notable angel investor Jason Gardner, former CEO of Marqeta, also participated in the round, alongside existing investors like COTU, RZM Investment, and Tom Preston-Werner.
With this recent funding, MoneyHash has raised a total of approximately $12.7 million. Previously, the startup had secured $4.5 million in seed investment in 2024 and a $3 million pre-seed investment in 2022.
Established in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash was created to address the fragmented payments issues encountered by merchants in the MENA region. The platform simplifies the management of multiple payment methods and providers for large merchants, especially those operating across borders, by integrating various payment gateways through a unified API, thus optimizing success and reducing fraud.
Nader Abdelrazik, co-founder and CEO of MoneyHash, stated, “We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage.”
One of MoneyHash’s standout features is its extensive integration network. Abdelrazik mentioned, “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.”