MoneyHash Secures $5.2M Pre-Series A to Expand Payment Orchestration in MEA
MoneyHash, a payment orchestration platform serving the Middle East and Africa, has raised $5.2 million in a pre-Series A funding round led by Flourish Ventures.
The round also saw participation from Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures, with Jason Gardner, founder and former CEO of Marqeta, joining as an investor. Existing backers, including COTU, RZM Capital, and Tom Preston-Werner, also reinforced their commitment.
Highlighting the challenges in emerging markets, MoneyHash CEO Nader Abdelrazik noted that payment infrastructure in these regions experiences failure rates three times higher than the global average and fraud rates exceeding 20%. “Digital payments make up only a small portion of total transactions, presenting significant growth potential. MoneyHash is designed to turn these challenges into opportunities, enabling merchants to transform payments into a strategic advantage,” he stated.
The company offers a unified API for pay-in and pay-out operations, customizable checkout experiences, fraud prevention, transaction routing, and analytics tools. Additional features include recurring payments, virtual wallets, and subscription management.
With headquarters in New York City and a team of 30 professionals across nine countries, MoneyHash has raised a total of $7.5 million through previous investment rounds. The fresh funding will be used to strengthen its presence in the MEA region while setting the stage for expansion into other emerging markets.
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