MoneyHash raises $4.5M for its payment orchestration platform serving merchants in MENA
- Payment failure rates in the MEA region are three times higher than the global average.
- MoneyHash has raised $4.5 million in seed investment to invest in its technology and growth across the region.
- MoneyHash offers a unified API and tools for payment orchestration.
The payment landscape in the MEA region is complex and fragmented, with challenges such as payment fraud and high transaction failure rates. However, the adoption of digital payments is growing, and companies like MoneyHash are addressing these challenges through their payment orchestration platform. With their recent funding and focus on collaboration with payment service providers, MoneyHash is well-positioned for growth in the region.
