MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA), has raised $5.2 million in pre-Series A funding to expand its reach and enhance its offerings.
The funding round was led by Flourish Ventures, a global fintech investor backing leaders like Chime and Flutterwave. Other participants included Vision Ventures, Arab Bank’s Xelerate, Emurgo Kepple Ventures, and Jason Gardner, the founder of Marqeta, making his first MEA investment. Existing investors such as COTU, RZM Investment, and Tom Preston-Werner, the founder of GitHub, also contributed.
Following a $4.5 million seed round in 2024 and $3 million in 2022, this rapid funding progression reflects MoneyHash’s robust growth, driven by key partnerships and strong performance in regional and global markets.
Emerging markets in MEA face significant payment infrastructure challenges, including poor performance, high failure rates, and fragmented systems. MoneyHash addresses these issues with its unified payment operating system, offering a single API for seamless pay-in and pay-out operations, customizable checkout experiences, fraud prevention, and advanced transaction routing.
The platform’s integration network spans over 300 pre-integrated APIs across 100+ markets, enabling merchants to scale efficiently while improving payment performance. Businesses using MoneyHash report a 10-15% revenue boost and a 90% reduction in development costs.
With the new funding, MoneyHash aims to deepen its impact across MEA and beyond, helping businesses transform payment complexities into a competitive advantage while ensuring a seamless experience for customers.
