MoneyHash, a NYC-based provider of a payment orchestration platform operating in the Middle East and Africa (MEA), raised $5.2M in Pre-A funding.
The round was led by Flourish Ventures. New investors included Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures, with participation from Jason Gardner, founder and former CEO of Marqeta, as his first MEA investment and existing investors COTU, RZM Capital, and Github founder Tom Preston-Werner.
The company intends to use the funds to accelerate its market penetration in the MEA region while laying the groundwork for strategic expansion into additional emerging markets.
Led by Maram Alikaj, COO, Mustafa Eid, CTO, Nader Abdelrazik, CEO, and Elena Panchenko, CPO, MoneyHash offers a comprehensive payment operating system built for emerging markets, transforming existing payment setups into high-performance engines. It integrates with merchants’ existing payment providers while delivering capabilities:
- a unified API for pay-in and pay-out operations;
- a fully customizable checkout experience;
- transaction routing with built-in fraud prevention and failure rate optimization
- comprehensive reporting tools.
This core offering is enhanced by features like recurring payments, virtual wallets, subscription management, and payment links.
It has previously secured $7.5M in total funding through two previous investment rounds.
FinSMEs
21/01/2025