Middle East and Africa (MEA) focused payment orchestration platform MoneyHash has garnered $5.2m in a pre-A financing round, which was spearheaded by Flourish Ventures.
Ameya Upadhyay, venture partner at Flourish Ventures, has secured a seat on MoneyHash’s board of directors.
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Upadhyay said: “MoneyHash has built a must-have product for enterprises that delivers better payment performance and higher margins from day one.”
The funding round also saw investments from Vision Ventures from Saudi Arabia, Arab Bank’s Xelerate, and Emurgo Kepple Ventures.
Jason Gardner, the founder and former CEO of Marqeta, marked his first MEA investment by participating in this round.
Existing investors like COTU, RZM Investment, and GitHub founder Tom Preston-Werner also continued their support.
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By GlobalDataThis capital infusion will be utilised to speed up MoneyHash’s penetration in the MEA region, enhancing its payment operating system.
MoneyHash’s platform aims to transform payment setups into “high-performance engines”, offering a unified API, customisable checkout experiences, and transaction routing with fraud prevention.
It incorporates features such as recurring payments, virtual wallets, subscription management, and payment links.
The capabilities are tailored to meet the needs of merchants in emerging markets, providing them with a toolkit for managing pay-in and pay-out operations.
Founded by Egyptian technologists Nader Abdelrazik and Mustafa Eid in early 2021, MoneyHash’s enterprise client base is said to now account for over 35% of its portfolio, with processing volume increasing fourfold in 2024.
MoneyHash has raised a total of $7.5m through two previous investment rounds, following a $4.5m seed round in early 2024.
MoneyHash chief operating officer Alikaj said: “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.
Abdelrazik added: “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.”
