MoneyHash Secures $5.2M Pre-Series A to Expand Payment Orchestration in Emerging Markets

MoneyHash, a payment orchestration platform specializing in the Middle East and Africa (MEA), has announced a successful $5.2 million pre-Series A funding round led by Flourish Ventures.

The funding also saw participation from Vision Ventures, Arab Bank’s Xelerate, and Emurgo Kepple Ventures, alongside industry figures such as Marqeta founder Jason Gardner. Existing investors COTU, RZM Investment, and GitHub founder Tom Preston-Werner also reinvested.

Since its launch in 2021, MoneyHash has aimed to simplify payment infrastructure for businesses operating across multiple markets. Payment landscapes in emerging economies are highly fragmented, with varying regulations, payment methods, and service providers. These challenges often lead to high failure rates, transaction drop-offs, and slower market expansion.

“In emerging markets, payment infrastructure remains significantly underdeveloped, with failure rates three times the global average and fraud rates and cart abandonment over 20% higher than developed markets,” said Nader Abdelrazik, co-founder and CEO of MoneyHash.

To address these issues, MoneyHash provides an all-in-one payment API that streamlines transactions, increases success rates, and improves overall payment performance. The company offers a pay-in and pay-out API, a customizable checkout widget, and smart transaction routing across multiple providers. Currently, its platform integrates with over 300 payment service providers and methods across 100+ markets.

MoneyHash’s COO, Maram Alikaj, emphasized the platform’s tailored approach to emerging markets. “Rather than letting merchants struggle with fragmented solutions, we provide a unified suite that elevates all payment performance metrics.”

The company has shown strong growth, particularly among large enterprises. Key clients include fintech unicorn Tamara, cloud kitchen operator Kitopi, and global e-commerce player Brands for Less. Large enterprise clients now make up over 35% of MoneyHash’s portfolio, marking a threefold expansion in 2024. This growth has fueled a 4x increase in processing volume within the same year.

Flourish Ventures’ venture partner Ameya Upadhyay, who will be joining the MoneyHash Board of Directors, praised the company’s impact. “MoneyHash has built a must-have product for enterprises that delivers better payment performance and higher margins from day one. The team’s deep payment expertise and customer focus position them to emerge as a leader across emerging markets, starting with MEA.”

With this latest round, MoneyHash has now raised a total of $12.7 million in funding, reinforcing its commitment to future-proofing payments and enabling seamless financial transactions across emerging markets.