MoneyHash, an Egyptian fintech startup offering APIs to simplify online payment management for businesses in Africa and the Middle East, has secured $5.2 million in a pre-Series A funding round. The company plans to use the funds to strengthen its presence in the Middle East and North Africa (MENA) region and expand into new markets.
The funding round was led by Flourish Ventures, with participation from Saudi Arabia’s Vision Ventures, Arab Bank’s Xelerate Fund, and Emurgo Kepple Ventures. Angel investor Jason Gardner, founder and former CEO of Marqeta, also joined the round, alongside existing investors such as COTU, RZM Investment, and Tom Preston-Werner.
This latest round brings MoneyHash’s total funding to approximately $12.7 million. The startup previously raised $4.5 million in seed funding in 2024 and $3 million in a pre-seed round in 2022.
Founded in 2020 by Nader Abdelrazik and Mustafa Eid, MoneyHash was created to address the fragmented payment landscape faced by merchants in the MENA region. Businesses, especially those operating across borders, often struggle with managing multiple payment methods and providers. MoneyHash simplifies this process by offering a unified API that integrates various payment gateways, such as Checkout, Stripe, Ayden, Amazon Pay, Tap, and ValU, into a single platform.
Initially, MoneyHash provided sandbox access to its API, enabling connections to local payment providers like Fawry, Paymob, and PayTabs.
“We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage,” said Nader Abdelrazik, co-founder and CEO of MoneyHash.
One of the company’s standout features is its extensive integration network. “With over 300 pre-integrated APIs for payment service providers and methods across 100+ markets, we’re not just solving today’s challenges—we’re future-proofing payment operations for our merchants,” Abdelrazik added.
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