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MoneyHash raises $4.5m in Seed funding

Egypt based payments orchestration platform raised $4.5m in Seed funding led by COTU Ventures and Sukna Ventures.

"Payment failure rates are 3x higher in the MEA than the global average, and fraud rates and cart abandonment exceed those of other regions by over 20%...while 10% of all payments processed in the MEA region are digital."

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