Cairo-based MoneyHash, an Egypto-US is a fintech startup, has raised an undisclosed amount of funding in a pre-seed round led by COTU Ventures alongside participation from Kepple Africa Ventures, Ventures Platform, and other angel investors. The amount raised is estimated to be a six-figure USD sum.
Founded in 2020, MoneyHash runs a universal API offering a unified checkout experience that helps businesses consolidate and grow payments and fintech stack across the Middle East. The highly secure Super-API aggregates payment and fintech solutions via a single integration and centralized dashboard that consolidates the technical infrastructure, centralized data, and operational reporting.
MoneyHash is presently running on a private beta which should soon go live in Egypt, the UAE, and Saudi Arabia. Nader Abdelrazik, Anisha Sekar, and Mustafa Eid the company’s founders, and the brains behind the ambitious plans to see it fully operational across Africa and the Middle East.
Cumulatively, the 3 co-founders have 3 decades worth of experience having worked for 11 startups in addition to a portfolio of leading companies such as Upwork, Microsoft, NerdWallet, SigFig, UC Berkeley, and Brown University.
In the press release shared on Wamda, Nader Abdelrazik (CEO), said MEA has a “rapidly evolving payment and fintech scene”. He further described MoneyHash’s product offering as a viable option for businesses to fully focus on their products without “compromising security and efficiency,”
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