4 years ago

Nomod Secures $3.4 Million Seed Funding to Expand Payment Platform

  • Nomod, a platform that allows merchants to accept card payments on their phones without extra hardware, has raised $3.4 million in seed funding

  • The round was led by Global Founders Capital, Kingsway Capital, and Goodwater Capital, with participation from angel investors including a Careem founder, a Dropbox employee, and a DST Global partner

  • Nomod, which launched in March 2021, has gained traction in the US, UK, and UAE, acquiring over 4700 merchants and seeing an 11x increase in processed volume since launch

  • The company was founded by Omar Kassim, a serial entrepreneur whose previous startup, JadoPado, was acquired by Noon, Amazon's largest competitor in the MENA region.

      • ProblemTechnology

      "Many merchants struggle to accept card payments without expensive hardware."

      Solution

      "Nomod provides a platform that allows merchants to accept card payments on their phones without needing extra hardware."

      Covered on