Egypt’s MoneyHash, a leading payment orchestration platform in the Middle East and Africa, has raised a US$4.5 million seed funding round to help it expand. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has developed a proprietary payment orchestration platform and end-to-end payment operating system. In 2023, MoneyHash doubled its network of integrations, achieved triple revenue, and grew its processing volume by 30x. The US$4.5 million seed round of funding was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a group of strategic investors and operators. The funding will enable MoneyHash to further invest in its technology and expand its business growth initiatives across the region.
