MoneyHash secures a $4.5 million seed funding round. #MoneyHash, a pioneering payment orchestration platform in the Middle East and Africa region, has secured $4.5 million in seed funding. This strategic move was supported by a blend of seasoned and visionary investors, including COTU Ventures and Sukna Ventures, alongside RZM Investment, Dubai Future District Fund, VentureFriends, and numerous strategic investors and operators. Despite a backdrop of slowed market activities, MoneyHash's success in this funding round speaks volumes about the resilience and potential growth within the fintech sector, especially in regions ripe for digital transformation like the MENA. The company's proprietary payment orchestration platform and end-to-end payment operating system are at the forefront of addressing complex payment challenges, offering scalable and efficient payment infrastructures that businesses across the region can rely on. The MEA region presents a highly fragmented payment landscape, marked by a plethora of payment providers, evolving payment regulations, and varied customer preferences. This complexity is further exacerbated by high payment failure rates, which are three times the global average, and significantly higher fraud rates and cart abandonment. MoneyHash CEO, Nader Abdelrazik, highlighted the critical need for a robust infrastructure to support the burgeoning demand for digital payments, emphasizing the opportunity for merchants to leverage these challenges into significant growth by adopting MoneyHash's comprehensive solutions. Under the guidance of Chief Product Officer Elena Panchenko, MoneyHash offers an expansive suite of payment solutions. These include a unified API for integrating pay-in and pay-out rails, customizable checkout experiences, transaction routing capabilities, and a centralized transaction reporting hub. The platform is designed to significantly boost revenue generation by 10-20% and cut down development costs by 90%, showcasing the tangible benefits of their integrated payment solutions. Since its inception in early 2021 by Egyptian technologists Nader Abdelrazik and Mustafa Eid, MoneyHash has demonstrated remarkable growth. With a successful BETA launch attracting significant regional players and a recent enterprise suite launch, the company has shown impressive progress, including doubling its network of integrations, tripling its revenue, and growing its processing volume by 30x. The announce on #Moneyhash website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W ? - Substack: https://lnkd.in/dzfGJzmW
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Egyptian Fintech MoneyHash Raises $4.5M to Fix Payment Challenges & Fuel Revenue Growth in Africa and The Middle East Egyptian Fintech startup MoneyHash has secured $4.5 million in seed funding to address payment challenges and Fuel Revenue Growth in Africa and the Middle East. The round was Co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, Tom Preston-Werner, GitHub’s founder and early Stripe investor, and a group of strategic investors and operators. Read more?? #moneyhash #payment #fintech #MEARegion #fintechpayments #financialinclusion Mustafa Eid Elena Panchenko Nader Abdelrazik Sanae Rokhou
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Cairo-Based Fintech Sahl Raises $6 Million to Transform Utility Bill Payments Cairo-based fintech startup Sahl, which specializes in helping households pay their utility bills, has successfully raised $6 million in a combined seed and Series A funding round. This substantial investment will enable Sahl to refine its current offerings and develop new services as it aims to evolve into a comprehensive financial services provider. Read more???? #fintech #cairobasedfintech #Sahl Basel Daw Mahmoud El-Nokrashy Malak El Enbaby Ahmed Othman "Kika" Abdullah Assal Rawan Tawfik Yousra Mekhimar
Cairo-Based Fintech Sahl Raises $6 Million to Transform Utility Bill Payments
https://fintechmagazine.africa
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Brazilian fintech Barte secures $8 million to introduce modular payments in Brasil #Barte, a S?o Paulo-based payments #fintech company, has successfully secured an $8 million Series A funding round. The investment was led by New York venture capital firm AlleyCorp, founded by serial entrepreneur Kevin Ryan. Existing investors, including NXTP Ventures, VentureFriends, and Force Over Mass Capital, also participated in the round. Founded by?Raphael Dyxklay, Barte specializes in providing robust and flexible payment solutions tailored for medium and large businesses across Brazil. The company's offerings are divided into two main solutions: a multichannel payments platform that integrates various payment methods like Pix for both online and physical sales, and a white-label infrastructure that allows other ecosystems to seamlessly incorporate payment capabilities. The newly acquired funds will enable Barte to expand its payments and cash flow solutions throughout Brazil, aiming to enhance the efficiency of business transactions in a market where online payment systems are still evolving. With an impressive growth trajectory—revenue has increased over 70 times since its seed round just 18 months ago—Barte is already operationally profitable. The company plans to triple its revenue by the end of 2025, focusing on sustainable growth. Co-founder Raphael Dyxklay commented on the company's approach: "In both cases, our conversations with clients go far beyond payments. We discuss topics like conversion rates, buyer loyalty, and repeat purchase propensity. It's much more about evolution than just transactions." The article on FinTech Global in the first comment.
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South African payments startup Revio has announced a rebrand to Precium. Nicole Dunn, Co-founder and COO, expressed her excitement, noting the rebranding as a strategic move that spotlights the company's evolution from a local processor to a global payments platform. "We are excited to build on our position – now as a global category leader – to help merchants get more from their payment capabilities and transform payments into a competitive advantage," stated Nicole in a blog post. Over the past 18 months, Revio experienced rapid growth in its team, product capabilities, and merchant base. The company's platform attracted the attention of global merchants seeking to expand into African consumer markets, who demand the highest standards of security, processing reliability, and localization expertise. In light of this global trajectory, the company has rebranded itself as Precium, positioning it as "the first African payment platform purpose-built for enterprise." In the six months since announcing a $5.2 million seed investment, Precium has tripled its monthly recurring revenue and acquired some of South Africa's largest brands as customers. Precium believes the next decade will see merchants become increasingly strategic about payment methods, uncompromising about success rates, and demanding flexible payment technologies that enable exceptional customer experiences. The rebrand is an opportunity for Precium to clarify its position in the crowded payments industry and reaffirm its mission to help merchants "never miss a payment" by simplifying complexity and optimizing payment performance. #Precium #PaymentInnovation #Fintech #GlobalExpansion #AfricanMarkets #Startup #PaymentsPlatform #Payments
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Now to India
Our portfolio company Fintech Farm raises $32m to expand its ‘neobank in a box’ model to India! Fintech Farm is a startup that sells technology to medium-sized banks in emerging markets to build digital tools. TA Ventures invested in Fintech Farm in 2022 as part of a $7.4m round led by Flyer One Ventures and Solid. https://lnkd.in/g2i9-GzB
Fintech Farm raises $32m to expand its ‘neobank in a box’ model to India
sifted.eu
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Fintech Startup Ameetee Raises $1 Million to Launch the First B2B Platform to Securitize Shares in Private Companies “With the online investment platform market already overstepping?$8 billion?in 2022, many banks and wealth managers lack resources to compete with such platforms and offer a wide audience a simple and understandable way to invest in private companies. Ameetee helps banks to retain customers and expand their offerings , while simultaneously empowering investors, who won’t need to seek alternative opportunities themselves but will be able do it with the help of their bank manager or even through an app,”?commented Mila Khrapchenko, Co-Founder and Co-CEO of Ameetee. https://lnkd.in/eEqjQScm #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews
Fintech Startup Ameetee Raises $1 Million to Launch the First B2B Platform to Securitize Shares in Private Companies
ffnews.com
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?? UAE startup Kema revolutionizes B2B Transactions ?? Kema, a UAE-based FinTech startup, is making waves in the financial technology sector with its innovative approach to B2B transactions. ?? Read the full article here: https://hubs.la/Q02l8vwH0 #Kema #UAEstartup #B2Btransactions #Fintech #SMEsupport #InvoiceToCash
Kema’s journey in UAE fintech startup sector
aibc.world
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?? Exciting News! ?? I am thrilled to share the first long-form article has just been published on The Newsroom by Innovation Cafe . In this piece, they dive into Qatar’s burgeoning "Buy Now, Pay Later" (BNPL) sector, featuring insights from leading approved startups. As Qatar positions itself at the forefront of fintech innovation, BNPL solutions are reshaping how consumers approach financial flexibility and purchasing power. This article not only explores the strategic importance of BNPL services in Qatar but also highlights the pioneering startups driving this change. A huge thank you to everyone who contributed to this article and to Innovation Cafe for the opportunity to share these insights on such a dynamic platform. Read the full article here and discover how BNPL is transforming the Qatari market: https://lnkd.in/djqc88X3) Let’s discuss! What impact do you think BNPL services will have on local and regional markets in the coming years? #Fintech #BNPL #Qatar #Innovation #Startups #Finance
Qatar Embraces BNPL: Insights from Approved Startups - InnovationCafe
innovationcafe.qa
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?? Curious about the rising stars in the Fintech world? Financial Technology (Fintech) is a thriving sector in the #IT industry, boasting a plethora of domestic start-ups and venture capitalist firms that have garnered substantial investments through various funding rounds. Whether you're a recent graduate or a seasoned professional eyeing a career shift into Fintech, it's essential to familiarise yourself with the key players driving innovation in #Japan's Fintech landscape. Discover the full list of noteworthy Fintech start-ups to watch out for in our latest article: https://lnkd.in/eu8Bhsi5 #fintech #startups #innovation #tech
What is FinTech? Who are the Fintech start-ups to look out for? | Huxley
huxley.com
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?? Observing a Major Fintech Movement! ?? Exciting developments in Saudi Arabia's fintech landscape as MoneyHash, a US-based startup, makes a significant leap into the Kingdom! Following a successful $4.5 million seed funding round, MoneyHash is set to revolutionize the payment sector by addressing key challenges like payment failures and infrastructure complexities. CEO Nader Abdelrazik shared their ambitious strategy to deepen market penetration, leveraging their success and reputation as a trusted payment infrastructure provider. With prominent partners like Foodics, they are building a dedicated solution hub in Saudi Arabia. Their focus on reducing payment failures, recovering lost revenue, and navigating compliance with evolving regulations is set to enhance business efficiency across the region. It's inspiring to see such a comprehensive approach to fostering regional innovation and talent development. Looking forward to witnessing how MoneyHash will shape the future of paytech in Saudi Arabia! ?? #Fintech #SaudiArabia #Innovation #PaymentSolutions #BusinessGrowth #MoneyHash #TechTransformation
US fintech MoneyHash eyes Saudi’s booming market
arabnews.com
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Fintech expert | Manager | Investor | Advisor
9 个月The article on #Moneyhash website: https://moneyhash-metropolitan.engyne.page/blog/moneyhash-seed-fundraising-announcement