Paytech MoneyHash Launch in MEA Following Six Figure Pre-Seed Round

Paytech MoneyHash Launch in MEA Following Six Figure Pre-Seed Round

The round was led by UAE's venture capital firm COTU Ventures , with participation from the Ventures Platform , Kepple Africa Ventures , and angel investors . MoneyHash was founded late 2020 by three co-founders: Nader Abdelrazik (Egyptian), Mustafa Eid (Egyptian), and Anisha Sekar (American). Combined, they have over 30 years of experience and worked for 11 startups, in addition to a portfolio of employers and education such as Microsoft , UpWork , NerdWallet , UC Berkeley , SigFig , and Brown University . The startup provides a unified checkout experience built on top of a secure Super-API that aggregates payment and fintech solutions through a single integration and a central dashboard consolidating technical infrastructure and centralising data and operational reporting. According to a company statement, MoneyHash is currently in a private beta with plans to go live soon in Egypt , Saudi Arabia , and UAE . The startup aims to be fully operational across various countries in Africa and the Middle East by 2022. "MEA is one of the fastest growing emerging markets with a rapidly evolving payment and fintech scene. As many companies in the region and abroad plans their expansion across the region, they are faced