MoneyHashan Egyptian fintech startup that offers APIs to help businesses in Africa and the Middle East manage their online payments on a single platform, has successfully raised $5.2 million in a seed funding round -series A. The company plans to use the newly acquired funds to strengthen its presence in the Middle East and North Africa (MEA) region and to expand into other markets.
The financing round was led by Thriving Businesses and included participation from Saudi Arabia’s Vision Ventures, Arab Bank’s Xelerate Fund and Emurgo Kepple Ventures. Notably, angel investor Jason Gardner, founder and former CEO of Marqeta, also contributed to the round, alongside existing investors such as COTU, RZM Investment and Tom Preston-Werner.
This latest funding round brings MoneyHash’s total capital raised to approximately $12.7 million. The startup had previously ssecured $4.5 million in seed investment in 2024 And $3 million in pre-seed funding in 2022. Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash aims to address the fragmented payment challenges faced by merchants in the MENA region.
Large merchants, especially those operating across borders, often struggle to manage multiple payment methods and providers. MoneyHash simplifies this process by offering a single platform that integrates various payment gateways, such as Checkout, Stripe, Ayden, Amazon Pay, Tap and ValU, through a unified API. This integration optimizes payment success rates and minimizes fraud. Initially, MoneyHash provided businesses with sandbox access to its API, enabling connections to local payment gateways such as Fawry, Paymob and PayTabs.
We created MoneyHash specifically to help merchants overcome these complex challenges and transform payments from a liability into a strategic advantage.
Nader Abdelrazikco-founder and CEO of MoneyHash
One of the biggest selling points of MoneyHash is its comprehensive integration network. “With more than 300 pre-integrated APIs from service providers and payment methods in over 100 markets, we’re not just solving today’s challenges: we’re future-proofing our merchants’ payment operations,” added Abdelrazik.