Egyptian Fintech MoneyHash Secures New Investment for Its Payment Solutions Expansion
MoneyHash, an Egyptian fintech company, has secured new funding from Tom Preston-Werner, co-founder of GitHub and former CEO, in an undisclosed seed funding round.
The investment will support the company’s expansion into new markets and develop new payment solutions.
MoneyHash is a payment processing platform that provides businesses with a variety of tools to accept and make payments online and offline.
The company’s platform is designed to be easy to use and integrate with existing systems, and it offers a wide range of payment methods, including credit cards, debit cards, mobile wallets, and bank transfers.
MoneyHash is currently active in Egypt and Kenya, and it plans to expand into other African countries in the near future.
The company is also developing new payment solutions, such as a buy now, pay later option and a cryptocurrency payment gateway.
In a statement, MoneyHash CEO Ahmed Al-Balaghi said, “We are excited to have Tom Preston-Werner join our team as an investor. His experience in building and scaling successful technology companies will be invaluable to us as we expand our payment solutions and reach new markets.”
Tom Preston-Werner said, “I am impressed by the team at MoneyHash and their vision for building a better payment experience for businesses and consumers in emerging markets. I am confident that they will use this investment to continue to grow and innovate.”
MoneyHash is one of a number of fintech startups in Africa that are developing new payment solutions.
These companies are helping to address the challenges of the continent’s fragmented and intricate payment ecosystem.
They are also helping to make financial services more accessible to businesses and consumers in emerging markets.
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