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Mustafa Eid
Co-Founder & CTO at MoneyHash
Mustafa Eid is a prominent figure in the fintech sector, serving as the Co-Founder and Chief Technology Officer (CTO) of MoneyHash, a payment orchestration platform based in Egypt. He co-founded MoneyHash in late 2020 alongside Nader Abdelrazik and Anisha Sekar, aiming to simplify and enhance payment processes for businesses across the Middle East and Africa (MEA) region.
Professional Background
Mustafa Eid has a robust background in technology and entrepreneurship, with experience in various startups prior to MoneyHash. His previous roles include positions at XPay, Unocart, and 3elag.com, where he honed his skills in software development and operational management.126
MoneyHash Overview
MoneyHash was established to address the complexities faced by merchants in integrating multiple payment solutions. The platform offers a unified API that allows businesses to manage pay-in and pay-out processes through a single integration, significantly reducing operational inefficiencies and enhancing customer experience.14 Under Eid's leadership, MoneyHash has achieved significant milestones, including raising $4.5 million in seed funding in early 2024 to further develop its technology and expand its market presence.13
Vision and Impact
Eid's vision for MoneyHash is centered around leveraging technology to facilitate digital payment solutions in a region where only about 10% of payments are currently digital. This presents a substantial opportunity for growth as the market evolves.45 The company aims to empower businesses by providing a comprehensive suite of payment products designed to optimize revenue generation while minimizing costs associated with payment processing.35
In summary, Mustafa Eid is a key player in the fintech landscape of the MEA region, driving innovation through MoneyHash's advanced payment solutions. His commitment to improving digital payment infrastructure positions him as an influential entrepreneur within the industry.
