Flourish Ventures Leads $5.2M Pre-A Financing of MoneyHash

Gunderson Dettmer represented client Flourish Ventures in leading the $5.2 million Pre-A financing of MoneyHash, a payment orchestration platform operating in the Middle East and Africa (MEA). MoneyHash offers a comprehensive payment operating system built for emerging markets, transforming existing payment setups into high-performance engines. The new capital will be used to accelerate MoneyHash's market penetration in the MEA region while laying the groundwork for strategic expansion into additional emerging markets.

In the announcement of the transaction, MoneyHash co-founder and CEO Nader Abdelrazik said, "Strengthening our capital table capabilities is as crucial as enhancing our business and product offerings. In our early years, we strategically focused on partnering with strong regional investors to accelerate our market penetration. Now, with Flourish Ventures joining us, we're establishing a solid foundation for global expansion. Having such a fintech well-seasoned, globally recognized fund as our partner is particularly crucial for our next phase of growth."

The Gunderson Dettmer deal team was led by Nic Markman and included Ibrahim Elshamy and Umar Chaudhary.

Companies
Flourish Ventures
MoneyHash