MoneyHash raises $5.2M to simplify payments in the Middle East and Africa

Emerging markets present a unique challenge for businesses when it comes to digital payments. With fragmented systems, varying regulations, and limited integration options, merchants face high failure rates, fraud risks, and operational headaches. In regions like the Middle East and Africa (MEA), these issues often transform payments from an enabler into a bottleneck. For merchants, this can mean lost revenue, frustrated customers, and an inability to scale.

Enter MoneyHash, a Dubai-based startup on a mission to tackle the complexity of payments and provide single access to payment services across the MENA region.

Founded in 2021, MoneyHash is built specifically for the intricacies of emerging markets, the platform offers a unified payment operating system that streamlines processes and improves performance. With a single API, businesses can manage pay-ins, pay-outs, fraud prevention, and even subscription management—all while reducing costs and boosting revenue.

Dubai Fintech Startup MoneyHash Secures $5.2M in Pre-A Funding

To accelerate its mission, MoneyHash has secured $5.2 million in pre-A funding. The round, led by Flourish Ventures, saw participation from notable names such as Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures. The backing also includes Jason Gardner, the founder of Marqeta, making his first investment in the MEA region.

This latest funding brings MoneyHash’s total raised to $12.7 million, including a $4.5 million seed round just last year. The rapid progression underscores the platform’s strong growth and the increasing demand for reliable payment orchestration in emerging markets.

Inside the Solution: What Sets MoneyHash Apart

MoneyHash isn’t just about solving immediate payment challenges; it’s about future-proofing businesses. The platform integrates with over 300 payment providers and services across 100+ markets, offering unparalleled coverage.

Merchants can enjoy a fully customizable checkout experience, optimized transaction routing, built-in fraud prevention, and comprehensive reporting tools. Features like recurring payments, virtual wallets, and subscription management add to the appeal, making it a one-stop shop for enterprise-grade payment solutions.

“We’ve seen firsthand how difficult it is for merchants to navigate fragmented payment ecosystems,” says Maram Alikaj, Chief Operating Officer and former payment leader at Block. “Our goal is to simplify this process and help businesses achieve better performance metrics from day one.”

Scaling Success: Building on a Strong Foundation

MoneyHash has already partnered with high-profile clients like Tamara, Kitopi, and Brands For Less. These partnerships have driven a 4x increase in processing volume over the past year. Large enterprise clients now account for over 35% of MoneyHash’s customer base, a testament to the platform’s ability to deliver measurable results.

With a diverse team spanning nine countries and a headquarters in New York City, MoneyHash is gearing up for the next phase of growth. The newly acquired capital will focus on expanding its reach in the MEA region and laying the groundwork for other emerging markets.

The Road Ahead

As digital payments continue to grow in emerging markets, the potential for impact is immense. By addressing key pain points and delivering a reliable, scalable solution, MoneyHash is positioning itself as a leader in payment orchestration.

Abdelrazik sums it up: “We’re not just solving a problem—we’re enabling businesses to thrive in regions often overlooked by traditional solutions. That’s the opportunity we’re excited about.”

With a strong foundation, visionary leadership, and the backing of global investors, MoneyHash is set to reshape the future of payments in emerging markets.