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.
COTU Ventures launches $54M fund for pre-seed and seed startups in MENA
COTU Ventures has raised $54 million for its inaugural fund to support startups in the Middle East. The firm has already backed over 20 early-stage startups across various sectors, with a focus on fintech and B2B software.
Incumbents, investors combine to support Africa’s thriving fintech space
Financial services incumbents and venture capitalists are playing leading roles in supporting Africa’s growing fintech sector. Fintechs have advantages over banks in terms of customer focus and agility.
