Abdelrazik noted that long-term contracts with enterprise clients have led to a fourfold increase in processing volume and a threefold revenue increase over the past year.

Enterprises now make up 35% of MoneyHash's clientele, with significant customers including BNPL unicorn Tamara and e-commerce platform Brands For Less.

The company was founded by Nader Abdelrazik and Mustafa Eid to tackle high payment failure rates, which are three times the global average in the region.

MoneyHash distinguishes itself with a focus on emerging markets and an extensive integration network featuring over 300 APIs, enhancing its competitive edge.

The platform aims to convert payments from a liability into a strategic advantage, enabling merchants to manage their payment stacks more effectively.

MoneyHash, a prominent payment orchestration platform in the Middle East and Africa (MEA), has successfully raised $5.2 million in pre-Series A funding to expand its services.

This latest funding follows a $4.5 million seed round secured in early 2024, as well as previous rounds totaling $3 million in 2022 and a six-figure amount in 2021.

The startup's initiatives are crucial for empowering small and medium-sized enterprises (SMEs), which play a vital role in promoting financial inclusion across Africa.

The funding round was led by Flourish Ventures, with notable participation from investors including Jason Gardner, founder of Marqeta, and Tom Preston-Werner, co-founder of GitHub.

MoneyHash addresses the challenges of fragmented payment systems in emerging markets, which hinder business opportunities and slow down the digital economy.

MoneyHash claims its technology can help clients achieve a 10-20% increase in revenue while reducing go-to-market and development costs by up to 90%.

Key features of the platform include a unified API for payment operations, customizable checkout experiences, and advanced tools for fraud prevention and failure rate optimization.