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MoneyHash Secures $4.5M in Seed Funding to Revolutionize Payment Solutions in MEA

MoneyHash, a leading payment orchestration platform in the MEA, raised $4,5 million in a seed funding round, backed by prominent investors like COTU Ventures and Sukna Ventures. The platform addresses the fragmented payment landscape in MEA by offering innovative solutions to reduce payment fraud and enhance transaction efficiency. 
The funding will be used to further develop MoneyHash&#8217;s technology and expand its business across the region, aiming to boost digital payment adoption and infrastructure.

Nybl and Basserah, leading Saudi tech firms, have merged to enhance their AI and data capabilities globally. 
The merger aims to create a comprehensive data-to-AI pipeline, boosting innovation and regional economic growth. 
The collaboration aligns with Saudi Vision 2030, aiming to transform the region into a hub for digital innovation and technology investment.

PIESHIP, a Saudi logistics innovator, secured pre-seed funding from Seedra Ventures, Nama Ventures, and others to fuel expansion and R&amp;D in logistics solutions.
Established in 2023 by Nasser Alharthi, Mosaad Alharthi, and Muhammad Mohsen, the company specializes in advanced warehouse management and shipment tracking technologies.
Leadership from PIESHIP and Seedra Ventures expressed confidence in the firm&#8217;s ability to enhance delivery efficiency and support e-commerce growth with its tech solutions.

Sowt Media acquires Rising Giants Network (RGN) to expand Arabic and English audio content horizons, showcasing its commitment to enriching original stories
RGN, renowned for podcasting innovation, merges with Sowt Media, aligning visions to reshape the Arabic audio landscape
Basel Anabtawi, RGN&#8217;s CEO, joins Sowt Media, emphasizing shared passion for valuable content creation. Sowt&#8217;s acquisition of RGN, backed by MDIF, follows its recent acquisition of Fenial Studios, demonstrating continued portfolio strengthening

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