MoneyHash secures $5.2M pre-Series A funding for MEA expansion

MoneyHash, the Egyptian payment orchestration platform, has secured $5.2 million in pre-Series A funding, led by Flourish Ventures and joined by investors such as Vision Ventures and Jason Gardner. This funding round follows a $4.5 million seed round in early 2024, bringing the total raised to over $12 million since its launch in 2021. The company aims to streamline complex payment processes for merchants in the Middle East and Africa, addressing high failure rates and operational inefficiencies prevalent in these emerging markets. MoneyHash integrates over 300 payment APIs to enhance transaction performance and reduce costs for businesses. With the new capital, the company plans to accelerate its expansion in the MEA region and explore further global opportunities. The platform has already garnered partnerships with major brands and tripled its enterprise customer base in 2024.