NymCard, a Dubai, UAE-based provider of an embedded finance platform operating across 10+ countries in MENA, raised $33M in Series B funding.
The round was led by QED Investors with participation from existing investors including Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, FJLabs, and Endeavor.
The company intends to use the funds to consolidate its presence across 10+ markets in MENA, empower its payment infrastructure solutions to serve banks, enterprises, fintechs, telecom providers, and more across its three core verticals: Card Issuing Processing, Embedded Lending, and Money movement.
Led by Omar Onsi, founder and CEO, NymCard provides the nCore platform, which is a MENA-based issuing processor that fully owns its processing and switching technology, rather than licensing it to third parties. This localized, full-stack infrastructure gives customers a competitive advantage, allowing them to design, launch and scale payment programs with flexibility. Built on modular APIs, nCore enables businesses to manage card issuance, transaction processing, lending infrastructure and real-time payments, all within an integrated finance stack that delivers speed, control and efficiency.
FinSMEs
20/03/2025