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NymCard, a UAE-based fintech company, has raised $33 million in Series B funding led by QED Investors, marking their first major investment in the Gulf region. The company aims to expand its financial infrastructure across MENA, leveraging its proprietary nCore platform for enhanced embedded finance solutions.With strong backing from various strategic investors, NymCard is set to empower banks, fintechs, and enterprises by providing seamless API-driven financial services. This expansion aligns with regional financial goals, supporting initiatives like Saudi Arabia's Vision 2030 and digital payment advancements in the UAE.
NymCard, an embedded finance platform operating in over 10 MENA countries, has raised $33 million in Series B funding led by QED Investors, marking their first investment in the Gulf. This funding will enhance NymCard's payment infrastructure solutions, supporting banks and fintechs while promoting financial innovation in the region. With partnerships across 50+ entities, NymCard is pivotal in advancing cashless economies in Saudi Arabia and the UAE, and driving financial inclusion in Egypt.
NymCard, a Dubai-based embedded finance platform, has raised $33 million in a Series B funding round led by QED Investors, marking its largest investment in MENA. The funds will enhance NymCard's payment infrastructure across banks, fintech firms, and telecom providers in the region. With its proprietary nCore platform, NymCard aims to support financial innovation and contribute to the cashless economy initiatives in Saudi Arabia and the UAE, while fostering fintech growth in Egypt.
NymCard has raised USD 33 million in a Series B funding round led by QED Investors, with participation from Shorooq, Mashreq Bank, and others. The investment will enable NymCard to expand its payment infrastructure across over 10 MENA markets, enhancing card issuing, embedded lending, and money movement services.CEO Omar Onsi emphasized the company's commitment to providing best-in-class payment solutions, while QED Investors' Gbenga Ajayi highlighted NymCard's role in bridging the fintech gap and driving digital finance innovation in the region.
Gbenga Ajayi
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