- MoneyHash, a US-based fintech company, partners with Visa to enhance digital payment experiences, particularly in the MENA region.
- MoneyHash raised $4.5 million in Seed funding in February, led by COTU Ventures and Sukna Ventures, enabling the expansion of its operations.
- MoneyHash’s payment orchestration platform helps enterprise merchants overcome technological and product challenges.
- Elena Panchenko, Chief Product Officer of MoneyHash, emphasizes the collaboration’s significance in providing secure, fast, and reliable payment experiences in today’s digital-first world.
- Leila Serhan, Senior Vice President at Visa, expresses excitement about collaborating with MoneyHash to simplify digital payments and drive their adoption in the MENA region and beyond.
MoneyHash, a fintech company based in the US, was founded in late 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar. Recently, the company has teamed up with Visa in a strategic partnership aimed at enhancing digital payment experiences.
This collaboration allows MoneyHash to tap into Visa’s wide range of digital payment solutions, especially benefiting their operations in the Middle East and North Africa (MENA) region.
In February, MoneyHash successfully raised $4.5 million in Seed funding. This round was co-led by COTU Ventures and Sukna Ventures, with additional contributions from RZM Investment, Dubai Future District Fund (DFDF), VentureFriends, and several angel investors.
This funding has enabled MoneyHash to expand its operations and improve its payment orchestration platform.
MoneyHash’s platform offers a comprehensive payment operating system as a service, helping enterprise merchants overcome various technological and product challenges.
By partnering with Visa, MoneyHash aims to strengthen its payment infrastructure, providing customers with secure, fast, and reliable payment experiences.
Visa, a global leader in digital payments, brings its advanced payment technologies to the table, including network tokenization, which adds an extra layer of security to digital transactions.
This partnership not only enhances MoneyHash’s capabilities but also aligns with Visa’s mission to connect the world through innovative, reliable, and secure payment networks across the MENA region.
Elena Panchenko, Chief Product Officer of MoneyHash, emphasized the significance of the collaboration, saying, “Our collaboration with Visa marks a significant step forward. It allows our customers to improve their payment infrastructure, ensuring secure, fast, and reliable payment experiences. This is especially important in today’s digital-first world, where payment security is crucial.”
Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant, and Pakistan region at Visa, also commented on the partnership, stating, “Visa is excited to collaborate with innovative platforms like MoneyHash, which contribute to the growing digital movement by simplifying processes. We aim to empower our partners with the tools and resources needed to provide secure and seamless payment solutions.”
Through this partnership, MoneyHash and Visa aim to simplify digital payments for merchants and consumers, driving the adoption of digital payment solutions in the MENA region and beyond.
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Last Updated on May 9, 2024 by Safiya K
