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MoneyHash, which provides single access to payment services in MENA, banks $5.2M

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MoneyHash, which provides single access to payment services in MENA, banks $5.2M

When merchants or companies launch online, they typically start by partnering with one or two payment processors. But as they grow and expand into new regions, they often need to onboard additional payment partners to meet different customer (and sometimes regulatory) needs, a process that comes with some hurdles. 

That’s given rise to companies to help manage the process. Egypt’s MoneyHash — which helps merchants across the Middle East and Africa manage complex payment stacks more easily — has raised $5.2 million as it scales to target larger enterprises. The pre-Series A comes around a year after its last funding, when it announced a $4.5 million seed round in February 2024. In total, MoneyHash has raised over $12 million since Nader Abdelrazik and Mustafa Eid launched the Egyptian fintech in early 2021. 

The area that MoneyHash works in is classically described as “payment orchestration”, and in the fragmented world of payments — where a business might work with dozens of different providers to take, make and bank payments — its star has risen with the growth of online transactions. Integrating multiple payment stacks can be operationally inefficient and technically complex, often taking in-house tech teams weeks to complete. These challenges are even more apparent across Africa and the Middle East due to the various payment methods and currencies. This is where payment orchestration platforms come in by aggregating and simplifying these payment processes across regions via APIs.  

Abdelrazik and Eid founded MoneyHash after years of working in fintech and enterprise software and witnessing first-hand some of the problems. Put simply, payments are (perhaps obviously) the crux of how a business operates, grows and makes a profit. But too often there were instead costly and risky bottleneck, especially for smaller merchants: payment failure rates in the region are three times the global average and cart abandonment is over 20% higher than in developed markets. They saw orchestration as the solution: by their thinking, merchants without payment orchestration platforms are at the mercy of high operational costs, revenue leakage and will find it hard to scale across regions.

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“The opportunity to solve this is immense,” said CEO Abdelrazik. “In emerging markets, digital payments represent only a fraction of total transaction volume, suggesting massive growth potential in the coming decade. We’ve built MoneyHash specifically to help merchants overcome these complex challenges and turn payments from a liability into a strategic advantage.” 

MoneyHash integrates with a merchant’s payment providers to give its customers a simplified way of working across that stack. It offers features like a unified API for pay-in and pay-out operations, customizable checkout, advanced transaction routing with fraud prevention, failure rate optimization, and detailed reporting tools. The company also supports recurring payments, virtual wallets, subscription management, and payment links, delivering an “all-in-one solution” for merchants, it said. 

Just as you have a16z-backed Payrails, Spreedly, Zooz and Primer in the U.S., U.K., and Europe, MoneyHash serves customers across the Middle East and Africa. Abdelrazik said that’s what sets MoneyHash apart: its focus on emerging markets and its vast integration network, which includes over 300 pre-integrated APIs (with local and international processors and gateways like Adyen, Amazon Pay, Checkout, Fawry, Mono, Stripe, Tabby, and ValU) covering 100+ markets. QED-backed Precium, a South African upstart, provides similar services in the region. 

MoneyHash executive team.

MoneyHash initially focused on small merchants but began targeting larger enterprises in early 2024 with the launch of its enterprise suite, a move that has allowed the company to achieve notable scale.

“Without us, you can still do a lot of performance enhancements that will take years of work and studying. But when you add our software, all performance metrics across the payment get to the highest level possible. We’re talking about the authorization, conversion, and fraud rates. And we’re pretty comprehensive,” remarked CEO Abdelrazik. 

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“We’re not focusing on only one performance metric to try to fix all the problems across the entire payment chain life cycle, which is what enterprises need. Enterprise doesn’t want to solve one problem. They’ll search for other problems. They want a comprehensive solution across the payment cycle, and that’s what we do.”

Enterprises across industries like consumer fintech, hospitality, e-commerce, and gaming now make up 35% of MoneyHash’s clientele, a threefold increase in 2024. Key customers include BNPL unicorn Tamara, cloud kitchen leader Kitopi, and e-commerce platform Brands For Less. 

According to the head of payments at Tamara, MoneyHash stands out in the region by “building an important point of difference,” likely referring to its claims to help clients achieve a 10–20% increase in revenue generation while cutting go-to-market and development costs by 90%.

Meanwhile, Abdelrazik credits his startup’s enterprise pipeline and long-term contracts helped in raising the pre-Series A funding. He said these customers fueled a 4x increase in processing volume and a 3x revenue increase over the past year, though specific figures remain undisclosed. 

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Global fintech investor Flourish Ventures led the round. Other investors include Saudi’s Vision Ventures, Arab Bank’s Xelerate and Emurp Kepple Ventures. The round also welcomed participation from Jason Gardner, founder and former CEO of Marqeta (his first check in the region), and existing investors Github founder Tom Preston-Werner and COTU Ventures. 

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Trump moves to sink offshore wind

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Rhode Island offshore wind farm

One of Donald Trump’s first acts as president was issuing an executive order that could kill the nascent offshore wind industry in the United States.

Trump’s order, signed Monday, halted federal leases for offshore wind development on the outer continental shelf — a location far enough from shore that wind speeds are consistently higher, but near enough that it’s readily accessible. 

“This withdrawal does not apply to leasing related to any other purposes such as, but not limited to, oil, gas, minerals, and environmental conservation,” the order states.

The order does not halt work on projects that have signed leases, though it does direct the Secretary of the Interior to review existing contracts for ways to terminate or amend them.

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Offshore wind has had a rough go of it in the United States. There are just a handful of operating offshore wind farms in American waters, amounting to just 174 megawatts of capacity at the end of May, according to the National Renewable Energy Laboratory. That’s a fraction of a percent of the worldwide total of 68 gigawatts, most of which are in Europe and China.

The sector’s prospects were starting to improve, though, with 4.1 gigawatts under construction, another 3.4 gigawatts approved, and another 19.8 gigawatts moving through the permitting process. Altogether, that would have helped reach the Biden administration’s goal of boosting offshore wind capacity to 30 gigawatts by the end of the decade.

While offshore wind is still expensive compared with other sources of power, its relative consistency and proximity to major population centers — and data centers — has made it attractive. In Europe, data centers operators have been keen to sign deals. Last year, Google agreed to buy 478 megawatts of offshore wind power to supply two data centers in the Netherlands.

In the U.S., offshore wind has been hampered by public resistance and a lack of infrastructure required to build and install the turbines. The availability of cheap, windy land in the interior of the country has also tilted the scales in favor of onshore turbines.

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Since the majority of offshore wind development occurs in other countries, Trump’s executive order won’t kill offshore wind entirely. Instead, the sector is likely to mature in other countries where companies can gain expertise while waiting for the U.S. market to reopen.

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Dyson Airwrap’s dreamy new colorways might finally tip me over into buying one

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Dyson hair tools

Dyson has just revealed two new special edition colorways for its popular hair styling tools, and I think I’m in love. They’re called ‘Jasper Plum’ and ‘Red Velvet & Gold’ and they’ll be available across the full haircare range, including the Airwrap i.d. multi-styler, the Supersonic dryer, and the Airstrait wet-to-straight styler.

While I don’t dislike the current purple-and-orange or turquoise options, they have more of a ‘Children’s TV presenter’ energy than I’d ideally want in a haircare tool that costs upwards of $400 / £350. These new options have a much more luxe feel that fits the premium price tag, and are perfect for a grown-up dressing table. I’ve been eyeing up an Airwrap for some time, and this might be the thing that makes me take the plunge.

The Jasper Plum colorway will be available to buy direct from Dyson UK from today (22 January), with the Red Velvet & Gold options joining in late February. There are no specifics on other territories yet, although a Dyson spokesperson told us the new-look tools “will become available at a later date” in the US and Australia.

Dyson hair tools

(Image credit: Dyson Supersonic Nural hair dryer in red with case, then the same dryer, the AirWrap and the AirStraight in purple)

Dyson says the new color options are “thoughtfully designed to celebrate love, individuality, and the small yet powerful moments of self-care”. The Jasper Plum option, which combines violet and plum with blush pink detailing, symbolizes “strength and self-discovery”. The Red Velvet & Gold model “embodies sophistication and modern beauty”.

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I didn’t immediately get all that, but the new colors certainly do look very nice. And the Red Velvet version taps into the current obsession with burgundy that’s sweeping the fashion world.

Dyson AirStraight, Airwrap and Supersonic hair tools

(Image credit: Dyson)

We consistently rate Dyson’s styling gadgets among the best hair dryers and best hair styling tools you can buy. Having made its name in vacuum cleaners and fans, the brand gained prominence in the beauty market with its Supersonic hair dryer, which reimagined the traditional dryer shape to make it more streamlined and put the weight in the handle to make it easier to control. The current version – Dyson Supersonic Nural – adds some clever features to streamline the styling process.

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Govtech giant Conduent won’t rule out cyberattack as outage drags on

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sign noting the acceptance of electronic benefit transfer (EBT) cards that are used by state welfare departments to issue benefits is displayed at a grocery store in 2019.

An ongoing “service interruption” at government contractor giant Conduent sparked outages across several U.S. states, leaving residents without access to some benefits and support payments.

A person familiar with the incident told TechCrunch the outage was caused by a cyberattack. Conduent spokesperson Sean Collins acknowledged the company’s outage was ongoing but declined to answer questions or rule out a cyber incident. 

“We are currently experiencing a service interruption affecting some applications while we have restored service over the past few days. The Conduent technology team is working hard to resolve any remaining issues,” Collins said.

Wisconsin’s Department of Children and Families told residents in a social media post on January 17 that it was unable to process child support payments across the state for much of the week. The department said four states, including Wisconsin, were affected by the outage at Conduent. Department spokesperson Gina Paige said its service was restored January 19 but deferred comment on the cause of the outage to Conduent. 

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Oklahoma Human Services, which manages the state’s food assistance program, told residents in a social media post on January 9 that Conduent’s customer service line was hit by the “technical outage.” Spokesperson Casey White told TechCrunch that the state’s systems are “working as expected” and that it experienced “no outages related to security at Conduent.”

In June 2020, Conduent confirmed a ransomware attack several days after reporting a service interruption. The Maze ransomware gang took credit for the breach and subsequently published various documents stolen from the company’s systems.

Contact Zack Whittaker on Signal and WhatsApp at +1 646-755-8849. You can also share documents securely with TechCrunch via SecureDrop.

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The Night Agent season 2’s first five minutes have been released early, and Gabriel Basso’s Peter Sutherland is forced to flee when a job goes awry

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Peter holds up a gun in The Night Agent season 2

  • Netflix has released the first five minutes of The Night Agent season 2
  • They show Peter Sutherland running for his life when a mission goes wrong
  • The hugely popular spy thriller returns on our screens on January 23

The Night Agent season 2 is almost here – and, to celebrate its forthcoming launch, Netflix has released its first five minutes early.

Two years after the spy thriller series became the latest TV Original to enjoy smash hit status on Netflix, its second season is due to make its debut on the streaming giant this Thursday (January 23). Understandably, excitement is growing ahead of The Night Agent‘s return, and in a bid to tap into that growing fan fervor, Netflix has dropped an extended look at the season 2 premiere’s opening sequence.

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The Switch 2 has a new trigger for disconnecting Joy-Con controllers

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The Switch 2 has a new trigger for disconnecting Joy-Con controllers

In the video, the trigger is pressed down a tad before a final push releases it from the console. As the Joy-Con moves away, you can also see a small cylinder receding back into the top part of the inside of the controller; to me, that indicates that when you push the trigger, you’re actually pushing out that cylinder to help bump the Joy-Con out.

Here’s a GIF of the relevant part of the video:

GIF by Andrew Liszewski / The Verge

The mechanism to remove the Joy-Con controllers looks similar to what was included in a 3D-printed mockup that accessories-maker Genki brought to CES.

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Truecaller brings real-time caller ID to iPhone users

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Truecaller live caller ID on iOS

Popular caller ID app Truecaller has long left iPhone users at a disadvantage by not offering the caller information in real-time — a feature its Android users have enjoyed for some time. Today, that changes as the company is rolling out an update that brings real-time caller ID support to its iOS subscribers.

The company was able to implement the feature because Apple introduced Live Caller ID Lookup in iOS 18, allowing third-party caller ID apps to securely make a call to their server to get information about the caller. Notably, this is also the first major release from the Swedish company after the co-founders Alan Mamedi and Nami Zarringhalam stepped down from the day-to-day operations in November 2024.

Today, Truecaller has more than 2.6 million paying subscribers, of which only around 750,000 of them are on iOS. However, 40% of Truecaller’s revenue is from iOS subscriptions. The company also gets a 5X conversation rate to its premium tier on iOS compared to Android as well as 80% higher revenue from an iPhone subscriber.

Considering the importance of the iPhone to Truecaller’s bottom line, the company continues to develop its iOS app.

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In 2022, Truecaller relaunched the iOS app to focus on better spam detection, thanks to Apple allowing the app to store a larger set of numbers locally.

“It did improve the overall call identification. But that wasn’t enough because in countries like India, there is a huge calling activity, and not all this would be available in the offline database,” Truecaller Product Director Nakul Kabra told TechCrunch in an interview.

India presents other challenges for the company, as well, including the arrival of a service, Calling Name Presentation (commonly called CNAP, designed to curb spam. The service, currently being rolled out by local telcos, could eventually emerge as a competitor to Truecaller.

Truecaller also updated its iOS app in 2023 with a live caller ID experience, but that involved a step requiring interaction with Siri and also wasn’t real-time.

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Until iOS 18’s release, Truecaller had to rely on a locally saved dictionary of limited phone numbers on iOS.

To enable the new feature, Truecaller built a new server architecture and created a separate, encrypted database for iOS, alongside its existing larger database for Android users. Apple’s Phone app makes encrypted requests to this database and gets encrypted responses that are only decrypted on the client (iPhone) to show the caller ID in real time. This process is called “homomorphic encryption,” as the computations use encrypted data instead of decrypting them first, while decryption happens on the client to display caller information if it matches with the data stored on the server.

Kabra told TechCrunch that Truecaller had built a way to sync two databases to keep the data synced between them.

“At the moment, there might be a bit of a delay because these requests get queued up, and the encryption that we do is very time-consuming — and very expensive… But it should not be more than a few hours,” he said.

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TechCrunch tested live caller ID under Truecaller’s beta program last week and noticed that the feature does provide caller information in real-time in most cases, though it sometimes misses.

Truecaller’s premium tier on iOS starts at $9.99 a month, per individual, or $74.99/year. The company also offers its family plan on iOS starting at $14.99/month or $99.99/year and the top-end Gold subscription at $249 a year.

Users can enable the Live Caller ID Lookup feature through iPhone Settings > Apps > Phone > Call Blocking & Identification.

On iOS 18, Truecaller also updated its interface with the caller’s name appearing in bold over their number. Now, Truecaller is working on support for images to show up in the caller ID for its iOS users.

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G.Skill DDR5 RAM is overclocked to a blazing 12,054MT/s with no liquid nitrogen needed – just air cooling

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G.Skilll Trident Z5 DDR5 RAM sticks on a black background

  • G.Skill Trident Z5 DDR5 was overclocked to 6027MHz or 12,054MT/s
  • That was achieved using just air cooling, with no need for liquid nitrogen
  • There is, however, a catch (of sorts) in how the CPU was configured

G.Skill has again been setting records with its DDR5 RAM, this time with a seriously impressive overclock that doesn’t use any exotic cooling.

This feat was achieved using G.Skill Trident Z5 DDR5 by an expert overclocker from Indonesia, a certain ‘speed.fastest,’ who managed to crank the RAM up to 6027MHz (or 12,054MT/s).

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Netflix is raising prices again

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Netflix is raising prices again

Netflix is raising prices yet again. In its latest earnings report released Tuesday, the streaming service announced that “we are adjusting prices today across most plans” in the US, Canada, Portugal, and Argentina.

Netflix spokesperson MoMo Zhou tells The Verge that the ad-supported tier is increasing from $6.99 to $7.99 per month, while the standard ad-free tier will go from $15.49 to $17.99 per month. Its highest-priced premium tier is also increasing from $22.99 to $24.99 per month. The price hikes will go into effect during subscribers’ next billing cycle, according to Zhou.

“As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” the company’s letter to investors says. Netflix last raised the price of its subscription in October 2023. This is also the first time it’s raising the price of this ad-supported plan, which it rolled out in 2022.

Netflix added 19 million new subscribers over the past few months — the most in its history during a single quarter — bringing its global total to 300 million. This is the last time Netflix will reveal how many subscribers it added during the quarter, as the company said last year that it would only announce “major subscriber milestones as we cross them” starting in the first quarter of 2025.

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Even with a subscriber count reaching new highs, and operating income ballooning past $10 billion for the first time, Netflix executives believe the company still has room for growth. The company’s letter to investors says it accounts for less than 10 percent of TV viewing in the countries it’s available in, “which suggests a long runway for growth as streaming continues to expand around the world.”

Along with the price hike, Netflix announced that it’s rolling out a new Extra Member with Ads plan, which will allow those on the ad-supported plan to add someone outside their household to their subscription. It currently costs an extra $7.99 per month to add someone outside your household to an ad-free plan.

Update, January 21st: Added information from Netflix.

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Trump targets EV charging funding programs Tesla benefits from

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KETTLEMAN CITY, CA - JUNE 19: A deserted array of Tesla charging stations is viewed at 9 a.m. on June 19, 2024 in Kettleman City, California. Kettleman City offers fast food and an excess of Tesla electrical charging stations for travelers on Interstate 5 between Los Angeles and the San Francisco Bay Area. (Photo by George Rose/Getty Images)

President Donald Trump is trying to halt the flow of funding for EV charging infrastructure from two programs that have benefited Tesla — the latest example of how Elon Musk’s political interests seem to be at odds with his car company’s goal of advancing sustainable energy.

It’s not a given that Trump’s gambit will succeed. But if it does, Tesla could be cut off from two sources of funding that the automaker has tapped the past two years to build out its market-leading EV charging network.

In one of the myriad executive orders Trump signed on the first day of his second term, he declared that “[a]ll agencies shall immediately pause the disbursement of funds” from programs created by the Inflation Reduction Act and Bipartisan Infrastructure Law. He specifically calls out stopping funding for EV charging stations that’s been made available through the National Electric Vehicle Infrastructure (NEVI) Formula Program and the Charging and Fueling Infrastructure (CFI) grant program.

Those agencies are supposed to submit a review of “processes, policies, and programs for issuing grants, loans, contracts, or any other financial disbursements” within 90 days of the date of this order, and all agency heads shall submit a report to the Office of Management and Budget (OMB) and the National Economic Council (NEC). The order also states that agencies cannot disburse more funds unless the “Director of OMB and Assistant to the President for Economic Policy have determined that such disbursements are consistent with any review recommendations they have chosen to adopt.”

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Musk has long claimed that Tesla’s mission is “accelerating the transition to sustainable energy.” But he is now officially working with the second Trump administration, which took big swings at sustainable energy on its first day. Trump has already signed orders halting federal leases for offshore wind development, pulled the United States out of the Paris climate agreement, and is trying to reverse other Biden administration EV policies.

Tesla was recently part of a group that won a $100 million award from the CFI program to build out charging infrastructure for heavy-duty electric trucks across Illinois, as TechCrunch first reported last week. The company was hoping to secure around $40 million from the group’s original funding request of $126 million. Tesla has also repeatedly sought around $100 million in CFI funding to build a truck-charging corridor between Northern California and southern Texas, but that application has been passed over multiple times.

Tesla’s CFI award in Illinois is a small portion of the nearly $2 billion the Department of Transportation has allocated over the last two years. Tesla has won a much greater share of grants from the NEVI program — which doles out smaller amounts of money to states, which, in turn, use those funds to offer grants to build charging infrastructure. Tesla had won around 13% of all NEVI awards by the middle of 2024 and was using those millions to further build out its Supercharger network, which is now open to almost all competing EVs.

Trump could slow or stop the flow of future spending from these programs, according to Martin Lockman, a fellow at Columbia Law School’s Sabin Center for Climate Change Law. He might especially be able to do so if his administration is successful in its promised legal fight over the Impoundment Control Act, which limits the president’s ability to stop Congress from spending money that’s been appropriated.

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“There’s a lot of wiggle room here, and the Trump administration will certainly do everything that it can to delay spending under these bills,” Lockman said.

It is not clear that Trump can legally stop the funding of awards that are already under contract, though.

“People who have contracts today have rights under those contracts, and the President can’t take them away,” he said.

But, Lockman cautioned, if agencies feel enough pressure from Trump, they could violate the terms of those contracts — and potentially the laws that established the funding programs in the first place — and refuse to give out the money. In that situation, the companies, state and local agencies, or other entities that won awards from NEVI or CFI would have to fight to get them fulfilled.

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“If the new administration wants to make people fight for their contracts in court, that would certainly be a huge barrier to building EV infrastructure,” he said.

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Upgrade to Windows 11 Pro for Only $19.97

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Upgrade to Windows 11 Pro for Only $19.97

Microsoft is basically the biggest name in the business world, whether we’re talking about Microsoft Office apps or Windows running on our computers. One thing they have nailed down is recognizing that their products are well-loved for their simple and familiar interface, but still offering regular updates.

Windows 11 Pro was specifically designed for business professionals. You’ll find new tools for productivity and balancing hybrid or remote work with life. With this deal, you can upgrade three devices to Windows 11 Pro — rated 4.5/5 stars by verified purchasers — for just $19.97 at TechRepublic Academy.

New look, new features

The first thing you’ll notice is a redesigned user interface. Rounded app corners, a centered bottom taskbar, snap layouts and widgets all give your computer a refreshed, yet familiar, appearance while offering the latest tools.

Then, there’s layers of security features like Microsoft Information Protection that protects your personal data from leaks and BitLocker device encryption that encrypts your hard drive with a key. Both of these are excellent for shielding your personal and work information from harm.

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Designed for the workforce

If you’re a remote or hybrid worker, or a business owner or manager with employees around the globe, you’ll appreciate things like:

  • Windows Information Protection allows you to separate work and personal data on the same device.
  • Remote desktop access is included from anywhere. Connect to your Windows 11 Pro computer from another computer, a tablet or a smartphone.
  • Group Policy Management tools allow enforcement of policies and compliance. Administrators can create settings or access for different devices, users and groups.

Upgrade your operating system to Windows 11 Pro on three devices for only $19.97 (reg. $199), now at TechRepublic Academy, so be sure to take advantage of it before it’s gone.

Prices and availability are subject to change.

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