2 months ago

NymCard Secures $33M Series B to Expand Embedded Finance in MENA

  • UAE's NymCard raised $33 million in a Series B round led by QED Investors, its first Gulf investment

  • The funding brings NymCard's total funding to $73 million and will be used to expand its embedded finance solutions in the MENA region

  • NymCard provides card issuing, transaction processing, and digital lending through its nCore platform, partnering with over 50 financial institutions

  • The company also recently acquired Spotii, a BNPL fintech.

      • ProblemFinancial Services

      "Businesses in the MENA region lack easy access to comprehensive and customizable financial solutions, hindering their growth and innovation. Existing financial infrastructure is often inflexible and insufficient for modern business needs."

      Solution

      "NymCard provides a platform offering card issuing, transaction processing, digital lending, and real-time money movement through its nCore platform. This allows businesses to easily integrate financial services into their offerings, creating tailored solutions for their customers and streamlining their own operations."

      Covered on