MoneyHash, a leading payment orchestration platform in the Middle East and Africa (MEA), has raised $5.2 million in pre-Series A funding.
The investment was led by Flourish Ventures, with backing from other prominent investors. This new funding is set to accelerate the company’s growth and solidify its position as a key player in the region’s fintech space.
Flourish Ventures, which has supported major fintech companies like Flutterwave and Chime, led the funding round.
Flourish Ventures has a long history of backing successful fintech startups. The company has supported over 100 fintech companies worldwide.
Other key investors include Saudi Arabia’s Vision Ventures and the Xelerate program by Arab Bank. Jason Gardner, the founder and former CEO of Marqeta, also joined this round. This is his first investment in the MEA region.
MoneyHash’s existing investors have also reinforced their support for the company. Investors like COTU, RZM Investment, and GitHub founder Tom Preston-Werner continue to back MoneyHash’s vision. This is a strong vote of confidence in the company’s ability to innovate and lead in the fintech sector.
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Growing confidence in MoneyHash’s payment solutions
The new funding will enable MoneyHash to expand its platform and bring more innovative solutions to the MEA region.
The company aims to enhance payment ecosystems by providing businesses with better tools for managing payments.
MoneyHash’s platform simplifies the complex world of payment orchestration, making it easier for businesses to connect with various payment providers.
The growing interest in MoneyHash reflects a broader trend in the MEA fintech sector. Investors are increasingly focused on companies that offer innovative solutions to streamline payments.
With the support of these investors, MoneyHash is positioning itself to meet the rising demand for seamless payment solutions in the region.
MoneyHash’s success highlights the growing fintech ecosystem in MEA. As more companies turn to fintech to solve their payment challenges, the region is becoming a hub for innovative solutions. With its strong investor backing, MoneyHash is ready to continue its mission of transforming payments in MEA.