Egypt’s MoneyHash, a leading payment orchestration platform in the Middle East and Africa, has partnered with Visa, a world leader in digital payments, to deliver secure and enhanced digital payments experiences.
Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has developed a proprietary payment orchestration platform and end-to-end payment operating system. After a successful beta launch in 2022, attracting key players in the region such as Foodics, Rain, and Tamatem, the startup launched its enterprise suite last October, targeting large enterprises.
In 2023, MoneyHash doubled its network of integrations, achieved triple revenue, and grew its processing volume by 30x. It also landed large enterprise customers shortly after its October launch.
Disrupt Africa reported in February MoneyHash had raised a US$4.5 million seed funding round to help it expand, and it has now announced a partnership with Visa that gives it access to Visa’s extensive suite of digital payment solutions and opens the door to providing sophisticated payment technologies such as network tokenisation. The partnership also allows MoneyHash to leverage Visa’s global reach, capabilities, and security.
“Our collaboration with Visa marks a significant leap in our journey. It empowers our customers to enhance their payment infrastructure, ensuring secure, fast, and reliable payment experiences. This is especially crucial in today’s digital-first world, where payment security is paramount,” said Elena Panchenko, CPO of MoneyHash.
