MoneyHash, an Egyptian US-based Fintech startup has closed a six-figure Pre-Seed round to launch its services across the region, led by COTU Ventures, with participation from Ventures Platform, Kepple Africa Ventures, and angel investors.
The startup was founded in 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, who collectively have over 30 years of experience and have worked for 11 startups.
MoneyHash provides a unified checkout experience built on top of a secure Super-API that aggregates payment and fintech solutions through a single integration and a central dashboard consolidating technical infrastructure and centralizing data and operational reporting
Nader Abdelrazik, co-founder and CEO of MoneyHash, commented “MEA is one of the fastest-growing emerging markets with a rapidly evolving payment and fintech scene. As many companies in the region and abroad plan their expansion across the region, they are faced with a devastating technical and operational hassle: building a separate connection with each service provider while providing a unified experience for their customers. This results in a complicated tech stack wasting valuable resources with increased vulnerabilities to errors, fraud, and technical debt. MoneyHash’s technology abstracts the complexities of this fragmented market and allows businesses to scale and grow with a complete focus on their product, and without compromising security and efficiency.”
