3 years ago

MoneyHash Raises $3 Million in Pre-Seed Funding to Build Super-API for Payments in MEA

  • MoneyHash, an Egyptian fintech startup building the Middle East and Africa’s first Super-API for payment orchestration and revenue operations, has raised $3 million in pre-seed funding

  • The round was led by UAE’s venture capital firm COTU Ventures, with participation from MENA fintech fund VentureSouq, European fund VentureFriends, and other investors including Nuwa Capital, The Continent Venture Partners, First Check Africa, Fox Ventures, Kepple Africa Ventures and Lofty Capital Inc

  • MoneyHash will use the funds to grow its team and extend the capabilities of the Super-API to serve businesses across MEA with a simple, comprehensive payment solution.

      • ProblemTechnology Infrastructure

      "Businesses in emerging markets, especially in the Middle East and Africa, face challenges in managing their payment stacks due to fragmented payment methods, currencies, and regulations. This leads to complex integrations, operational inefficiencies, and high costs."

      Solution

      "MoneyHash provides a Super-API that acts as a central hub for payment orchestration and revenue operations. It simplifies payment integration by connecting businesses to various payment providers, value-added services, and tools across the Middle East and Africa. This allows businesses to streamline their payment stack, optimize pay-in/pay-out operations, and reduce costs."

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