MoneyHash, which provides single access to payment services in MENA, banks $5.2M
- MoneyHash raised $5.2 million in pre-Series A funding.
- The startup has raised over $12 million since its launch in early 2021.
- MoneyHash targets larger enterprises with its new enterprise suite launched in early 2024.
The growth of MoneyHash highlights the increasing importance of payment orchestration in emerging markets, where traditional payment systems often fail to meet the diverse needs of businesses. As digital payments continue to expand, platforms like MoneyHash can play a crucial role in enabling merchants to navigate complex payment landscapes, ultimately driving economic growth in the region. However, it will be essential for MoneyHash to maintain its competitive edge as more players enter this space.
