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Egyptian Fintech Company MoneyHash Secures $4.5M to Address Payment Challenges in Africa and The Middle East

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MoneyHash, an Egyptian Fintech company has secured $4.5 million in seed funding to address payment challenges in Africa and the Middle East.

The seed round was Co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, Tom Preston-Werner, GitHub’s founder and early Stripe investor, and a group of strategic investors and operators.

Despite the significant slowdown in market activity, this investment illustrates the market’s confidence in MoneyHash and its potential for continued growth and market leadership.

Speaking on the investment, Amir Farha, general partner at COTU, said his firm believes that the full potential of digital payments in MEA is yet to be realized and MoneyHash’s platform can catalyze the growth of digital payments across the region, enabling both global and local merchants to tap into new revenue streams.

“We are thrilled to renew our support to a team that has consistently demonstrated superior execution, not just in securing top mid-market and enterprise customers, but also in expanding value across the entire chain, even under challenging market conditions,” he added.

It is understood that the payment landscape in the Middle East and Africa (MEA) region is marked by significant fragmentation, with numerous payment providers and methods in each country, evolving regulations, and diverse customer preferences.

This complexity is further compounded by, challenges such as payment fraud, low checkout conversion rates, and high transaction failure rates.

In a bid to address the challenges in the MEA region, MoneyHash is set to offer remarkable payment features to enable seamless transfer of funds. The startup offers a checkout experience powered by its API.

This solution combines payment and fintech tools through a single integration point. Businesses onboarded on the platform benefit from a centralized dashboard that simplifies their technical infrastructure, consolidates data, and streamlines operational reporting.

MoneyHash’s product includes a unified API to integrate pay-in and pay-out rails, a fully customizable checkout experience, transaction routing capabilities with fraud and failure rate optimizers, and a centralized transaction reporting hub. This is complemented by tools enabling various use cases such as virtual wallets, subscription management, and payment links.

According to Elena Panchenko, the chief product officer at MoneyHash, he said,

“An integrated set of solutions is essential for enterprise merchants to address challenges comprehensively and explore opportunities freely. The infrastructure is powered by over 200 pre-integrated APIs with payment service providers and payment methods across 80+ markets. This not only offers merchants maximum flexibility and coverage but also helps us gain the trust of our customers, knowing that all scenarios and implementations fall within our expertise.”

Established in 2021 by Nader Abdeomlrazik and Mustafa Eid, MoneyHash strives to simplify the process of building and maintaining payment functionalities by providing an agnostic cloud that aggregates all payment APIs, features, and technical capabilities.

The startup goal is to make financial infrastructure efficient and scalable, empowering businesses worldwide to focus on what they do best.

CBN’s Distribution-Focused Intervention Is Not Helping Naira

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The Central Bank of Nigeria (CBN) is approaching the Naira FX paralysis as a distribution-related problem instead of a typical demand-supply problem. Their playbook is the reason I do not think it will fix this problem in the short-term. The structural asymmetric imbalance between Demand and Supply for USD in Nigeria remains, and provided that is the case, the channels’ impacts will be muted. 

Even if you ban banks, BDCs, Binance, etc on distribution of FX, the Naira will still lose value because Demand outweighs Supply of USD. And provided we do not have substitutes for those foreign products which trigger the high Demand for USD, restricting “inelastic foreign products” with no local substitutes via channel suppression has NEVER worked in classical economics.

The CBN’s approach can only work if we go Keynesian (using government resources to reshape pricing equilibrium) but that cannot happen because we do not have the funds. So, if we look at all these things, it comes down to my village boy suggestion in June 2023 when I warned: “Nigeria’s floating of its currency, while progressive, will cause severe perturbations in the economy – and a stable state may not come as most experts have predicted”.

This is to note that giving BDCs $20,000 daily means nothing for a big economy like Nigeria. We need to focus on improving Supply of USD by going back to manufacturing-first economic policy, over our finance-driven and finance-first economy policy which began when IBB introduced SAP in late 1980s, and flooded Nigeria with finance Houses and new banks, even as our factories faded.

Assessing Crypto Coins with Over 20x Growth Potential in 2024: Lido DAO (LDO), Cronos (CRO), and Meme Moguls (MGLS)

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Making informed decisions on the best cryptos to invest in takes time and research. In view of this, in-house experts have done thorough research on cryptos with high growth potential and have come up with three crypto projects. These crypto tokens highlighted include Lido DAO (LDO), Cronos (CRO) and Meme Moguls (MGLS). Notably, the Meme Moguls coin is still in its presale phase, but such is the high growth potential of the meme coin that experts added the project to its list. Find out more below.

Massive Growth Potential for Meme Moguls (MGLS) as Experts Back Token to Gain 350%

Meme Moguls (MGLS) has continued to rise in reputation and popularity as more investors buy into the project. With the token entering stage 6 of its presale, early investors of the top meme coin have recorded over 95% ROI so far. Notably, though, experts are projecting that the token is likely to witness a bullish sentiment of up to 350% after launch. The platform has raised over $2.6M in the ongoing presale.

In view of this, experienced investors have been recorded buying the MGLS at presale. Given that the presale will conclude by February 28, it is only wise that investors buy as much of the MGLS coin as possible to position for when the token will launch. Meanwhile, the MGLS project is already setting the groundwork to list on the Uniswap exchange. At the current price of $0.0042, MGLS represents a top meme coin to buy for significant ROI in the future, alongside tokens like Lido DAO and Cronos.

Meanwhile, the Meme Moguls platform is another opportunity to earn passive income and trade meme assets. At Meme Moguls, members will enjoy an immersive simulation of meme trading using real-time market data.

As a play-to-earn project, community members will be open to earning passive income through NFTs staking, unlocking exclusive rewards and discounts, earning MGLS coins, and more. Overall, the Meme Moguls crypto project is a revolutionary journey of integrating meme culture while earning on the side.

Bullish Signal for Lido DAO (LDO) as Token Set Sight on $4

The price of Lido DAO (LDO) has been on an extended bullish sentiment. According to the market data, the token saw a price gain of over 5% within the last week. Similarly, the token has gained up to 17% over the last month. As a result, the Lido DAO price has risen from under $2.5 valuation in late December 2023 to a substantial chance of reaching $4 in the coming weeks.

Notably, the  Lido DAO trading volume has grown significantly over the past few days. At the current trajectory, Lido DAO is likely to establish support above $4 within Q1 of 2024.

Rallying Price Trajectory for Cronos (CRO) Pushes Token on the Path of Reaching $0.1 Valuation

Cronos (CRO) has been one of the top-gaining altcoins over the past month, having gained over 17% within that time frame. As per data collected from CoinMarketCap, the token has also gained a slight 4% within the recent week. As a result, the Cronos price is on the path of reaching $0.1 for the first time since January 3rd.

Meanwhile, the Cronos trading volume has been fluctuating and might impede the token’s bullish ambition. As such, a positive rise in the trading volume of Cronos is likely to propel the token price above $0.1 in the coming days.

 

Learn more about the $MGLS Presale here:

Visit Meme Moguls | Join the Community

Why Tether (USDT) and Binance (BNB) Holders Are Selling Their Holdings To Acquire Kangamoon (KANG)

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As the crypto market takes a downturn, Tether and BNB holders are selling their holdings to purchase a thriving new altcoin. KangaMoon has already seen returns of 50% during its presale, and is on track to profit from the P2E NFT market. This market is expected to experience a CAGR of 21.3% from 2022 to 2028. As a result, KangaMoon could outperform Tether and BNB.

Tether Investors Diversify

Over the last week, experts predicted that Tether would pass a market cap of $100 billion. However, Tether’s growth has been slower than initially predicted. Its cap has increased from $97.1 billion to $97.9 billion.

As the world’s most popular stablecoin, Tether is a strong investment for individuals looking for stability and low risk. However, due to this low risk, Tether offers very small returns. Consequently, some Tether investors are now choosing to diversify.

Has BNB Peaked?

Over the last month, BNB’s price increased by 29%, taking BNB to $389.26. However, chart analysis suggests that BNB could face a correction over the next month.

According to experts, Binance Coin (BNB) is navigating a bearish descending channel. The project is currently in an overbought zone, and the MACD histogram’s shift suggests that bearish pressure is rising.

This decrease in bullish momentum could cause BNB to crash to $360. However, some experts believe that BNB could continue to rally.

Historically, Binance Coin has overcome bearish channels due to the support of market trends. With Bitcoin halving just months away, the Binance exchange is experiencing significant growth in its user base. As a result, BNB could pass its current $400 resistance.

KangaMoon (KANG) Attracts New Altcoin Investors

After becoming a big hit during stage one of its presale, KangaMoon is now attracting Tether and BNB investors. This exciting new altcoin has already increased in value by 50%, and now its audience has surpassed 3,000 investors.

KangaMoon stands out from other altcoins with its combination of P2E and social-fi features. The project introduces a P2E game where investors can battle for rewards. During battles, other players can spectate and place bets to earn additional rewards.

User interaction will play a crucial role throughout the KangaMoon ecosystem. Users will be able to earn rewards for interacting with other players and competing challenges. These rewards will start during the KangaMoon presale, during which investors can earn $KANG tokens for promoting the project.

$KANG tokens are selling for $0.0075 during stage two of the KangaMoon presale. According to experts, tokens could offer returns of 220% during the presale, as the number of investors buying $KANG snowballs. During stage two, investors can get a 10% buy bonus, though this will only be available for a limited time.

KangaMoon Looks To Outperform Altcoins

KangaMoons unique combination of social-fi into the gameFi features makes it unlike anything else in the market. As its ecosystem grows and new investors join the KangaMoon community, experts believe that KangaMoon could become a top-performing altcoin. As a result, hundreds of investors are buying tokens during the early presale stages to maximize their long-term profits.

 

Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

Solana (SOL) Millionaire Who Was One Of The First To Buy Render (RNDR) Predicting This Coin To Be Next 100x

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One Solana (SOL) millionaire, renowned for their astute early investment in Render (RNDR), has now set their sights on a new token — Pullix (PLX). Notably, this new token is in the final stages of a successful presale event, with early investors able to snatch up discounted tokens before the public launch next month. Let’s explain why this millionaire may be onto something big with Pullix (PLX).

Solana (SOL)’s Journey from $8 to $120

Solana has rallied from under $8.00 at the start of 2023 to a high of $120 in 2024. Those who caught the bottom of the Solana crash and held have been handsomely rewarded, with some investors becoming millionaires in the process.

This huge 1,400% gain was due to Solana becoming the go-to blockchain for decentralized finance (DeFi) projects. For example, Solana’s TVL was at just $210 million at the start of 2023 but is sitting at over $2 billion at the time of writing.

Solana is also dominating the DEX scene, with the platform overtaking Ethereum’s 24-hour trading volume on multiple occasions this year. The Solana memecoin frenzy caused much of Solana’s DEX trading volume, but credit must also be given to the launch of Jupiter’s JUP token on the 31st of January.

But the burning question remains: How much further can Solana climb? Given its fully diluted valuation of $58.8B, another 10x rise is unlikely for Solana in the short-medium term.

Interestingly, Solana would have a price of $813 if it reached Ethereum’s current market cap, with it rising to $1,297 if Solana reached Ethereum’s all-time peak market cap. Analysts, therefore, believe a Solana price of $1,000 is not out of the realm of possibility in 2025.

Render (RNDR) Rides AI Wave

The AI narrative is one of the hottest trends in the crypto market, and Render is one of the up-and-comers vying for the top spot. The price of Render has pumped 57.45% in the last seven days as hype around their rendering platform continues to build.

Render’s core mission is to decentralize the rendering process in the film, gaming, and VR industries. Currently, major companies rely on centralized rendering, which can be costly and slow down production due to high demand.

Render aims to solve this issue by providing a decentralized infrastructure that utilizes the idle computing power of users’ devices to render projects quickly and efficiently. Such a solution can potentially disrupt a trillion-dollar industry as more and more companies adopt Render’s platform.

Technical analysis of the Render chart shows a bullish break of the $5.00 resistance and an attempt to make a new all-time high above $8.76. Analysts are predicting that Render could hit a $50 billion market cap at the bull run’s peak, equating to a $107.79 token price.

The Solana millionaire who saw the potential in Render early on is now sitting on a small fortune, and many traders are looking to follow in their footsteps. Interestingly, this whale has identified another potential gem — Pullix.

Pullix (PLX) Revolutionizes Trading with Hybrid Model

Pullix has an ambitious mission to meld decentralized finance (DeFi) and centralized exchanges (CeFi) to create a truly user-centric platform. This hybrid model aims to leverage the strengths of both sectors, providing liquidity and user-friendly experiences without compromising on the autonomy prized in the DeFi space.

The early reception to this hybrid model has been overwhelmingly positive, with more than $7.2 million raised so far during a discounted token presale. The Solana whale notes that such early success indicates the potential for Pullix to disrupt the traditional trading landscape.

Pullix introduces a revenue-sharing model through its native PLX token, an innovative mechanism that allows token holders to earn a share of the platform’s transaction fees. This model creates a community-driven ecosystem where users are vested in the platform’s success.

Pullix’s commitment to solving the high fee structure prevalent in many existing exchanges is another standout feature that has intrigued investors. Pullix promises zero commission fees and tight spreads, making trading more accessible and profitable for users.

Interested parties can get involved with Pullix by participating in its ongoing token sale and securing PLX tokens at a discounted rate of $0.14 before the public listing. There is no guarantee of how long the remaining tokens will last, so it makes sense why there’s currently a frenzy surrounding Pullix’s token sale.

Pullix is not just seen as a competitor but as a potential “killer” to the reigning champs of the crypto exchange market. Analysts predict that 100x gains could be seen in the coming weeks as the platform officially launches and price discovery begins.

For more information regarding Pullix’s presale see links below:

 

Visit Pullix

Join The Pullix Communities