MoneyHash Secures $4.5 Million in Seed Funding
MoneyHash is headquartered in New York City with a diverse team spanning nine countries globally.
US-based Egyptian fintech MoneyHash has announced the closure of a $4.5 million seed funding round through co-leadership from investment firms COTU Ventures and Sukna Ventures, alongside contributions from RZM Investment, Dubai Future District Fund, VentureFriends, and a consortium of strategic investors and operators.[1]
Founded in late 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, MoneyHash offers a payment operating system tailored to address the challenges faced by enterprise merchants.
From a single API that makes it easy to connect pay-in and pay-out rails to customizable checkout experiences and fraud and failure rate optimizers that help with transaction routing, MoneyHash gives businesses the tools they need to make the most money while keeping development costs as low as possible.
Following a successful BETA launch in 2022 and the subsequent rollout of its enterprise suite targeting large enterprises last October, MoneyHash witnessed exponential growth, doubling its network of integrations, tripling revenue, and increasing processing volume by 30x in 2023 alone.
Headquartered in New York City with a diverse team spanning nine countries globally, MoneyHash's latest funding round will be utilized to accelerate business expansion efforts while driving ongoing technological innovation.