MoneyHash raises $5.2M pre-Series A led by Flourish Ventures

On January 21, 2025, MoneyHash announced a $5.2 million pre-Series A round led by Flourish Ventures, with participation from new investors including Vision Ventures, Arab Bank’s Xelerate (AB Xelerate), and Emurgo Kepple Ventures. Existing investors COTU Ventures, RZM Investment, and angel Tom Preston-Werner (GitHub co-founder) participated, along with Jason Gardner (former Marqeta CEO) in his first MEA investment. Ameya Upadhyay of Flourish Ventures joined the board.

This followed a $4.5M seed round in early 2024 (co-led by COTU and Sukna Ventures) and earlier pre-seed capital including from LoftyInc Capital in 2021. Cumulative funding stands at approximately $13M. The company, which originated in Egypt with a focus on MEA payment challenges such as high failure rates and fragmentation, will use the capital to accelerate market penetration in the MEA region, enhance its payment operating system, and prepare for expansion into additional emerging markets.

MoneyHash positions itself as the leading payment orchestration layer for the region, with a large network of pre-integrated local and global providers. Recent activity includes partnerships with Ozow (South Africa), Wayl (Iraq), and Geidea (KSA/UAE/Egypt) to facilitate cross-border and local payments.

MoneyHash operates a payment orchestration platform that provides a unified API for pay-in and pay-out operations, customizable checkout experiences, intelligent transaction routing with fraud and failure optimization, and centralized reporting. The platform integrates with over 300 payment service providers and methods across 100+ markets, enabling merchants to improve success rates, reduce costs, and manage complex payment stacks without multiple integrations.

It primarily serves businesses expanding or operating in the Middle East and Africa (MEA) region, including e-commerce, SaaS, gaming, and enterprise customers such as Foodics, Rain, and Tamatem. The company was founded in Egypt with strong regional expertise and maintains a distributed team while being headquartered in New York. Its business model is SaaS-based, charging for platform access, transaction optimization, and related services.

MoneyHash has expanded integrations with local providers in markets including Iraq (via Wayl), South Africa (via Ozow), and Saudi Arabia/UAE/Egypt (via Geidea).