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Egyptian fintech firm, MoneyHash has announced the launch of its services across Africa.
The firm, disclosing this in a statement signed by one of its founders, Nader Abdelrazik said that the new launch cuts across countries including Nigeria, Kenya, and South Africa, among others.
“There is a lot of exciting growth when it comes to payment and fintech solutions emerging in the region to help businesses grow. But a missing piece of the puzzle is how businesses will adapt their existing solutions to this growth, and how we can move them to adoption without slowing them down. MoneyHash emerged as an operating system of payments to help businesses gain control and navigate the complexity of payments smoothly without hefty engineering and operational time and costs with every incremental decision,” Abdelrazik commented.
Early this year, the startup announced a US$3 million pre-seed funding round.
MoneyHash has pre-built integrations with top PSPs covering over 90 payment method integrations across the region and is adding more PSPs and methods on the go.
The commercial lead for MoneyHash in Africa, Isaac Umejiaku describes MoneyHash as the catalyst for growth in the African business ecosystem.
“Payment is a key element in any product, but it is not the product itself. We want African builders to focus on building awesome solutions for the continent, and to execute their vision without distractions,” he stated.
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