NymCard is the only BaaS provider based in the Middle East offering a modern payment issuing and processing platform that allows booming startups, Fintechs, large enterprises, and banks, in the MENA region to Instantly create, control, and distribute virtual or physical cards using their modern, fully public API platform.
NymCard aims to bridge the gap of complex legacy systems by simply embedding finance into applications and customer journeys for payment innovators to work with.
NymCard aims to bridge the gap of complex legacy systems by simply embedding finance into applications and customer journeys for payment innovators to work with.
Location: United Arab Emirates, Abu Dhabi Emirate, Abu Dhabi
Employees: 11-50
Total raised: $62.6M
Founded date: 2018
Investors 5
| Date | Name | Website |
| - | Shorooq In... | shorooq.co... |
| 23.03.2025 | QED Invest... | qedinvesto... |
| 10.07.2026 | Oraseya | oraseyacap... |
| - | VentureSou... | venturesou... |
| 16.10.2025 | Conjunctio... | conjunctio... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 02.04.2025 | Series B | $33M | QED Invest... |
| 08.06.2022 | - | $22M | - |
| 09.02.2021 | Series A | $7.6M | - |
Mentions in press and media 15
| Date | Title | Description |
| 23.05.2025 | Empowering UAE Entrepreneurs: The Rise of EDB's Growth Fund and Digital Banking Platform | In the heart of the UAE, a financial revolution is brewing. The Emirates Development Bank (EDB) is stepping up to the plate, swinging for the fences with two groundbreaking initiatives: the Emirates Growth Fund (EGF) and the EDB 360 digital... |
| 23.05.2025 | Emirates Development Bank Launches Fee-Free Digital Banking Platform to Support UAE Entrepreneurs From a single app, entrepreneurs can manage payroll, invoicing, and payments, monitor cash flow, and a... | Emirates Development Bank, the UAE government-owned financial institution, has launched EDB 360, a ee-free digital banking platform aimed at supporting the ambitions of the country's entrepreneurs as well as micro, small, and medium enterpr... |
| 08.04.2025 | NymCard's $33M Series B Funding: A Leap into MENA's Fintech Future | NymCard is on the rise. The Dubai-based embedded finance platform has just secured $33 million in Series B funding. This is not just another investment; it’s a signal. A signal that the Middle East and North Africa (MENA) region is ready to... |
| 02.04.2025 | Nymcard raised $33 M Series B funding from QED Investors | The only embedded finance platform in ten or more MENA countries, NymCard, has raised $33 million in its most recent Series B funding round, which was led by QED Investors. This is the largest investment made by QED Investors in the region ... |
| 21.03.2025 | MENA Digest: Nymcard nets $33 mn; ClearGrid, PlaysOut get seed money | NymCard founder Omar Onsi Dubai Future District Fund-backed payments infrastructure provider Nymcard led the funding activity in the Middle East and North Africa region this week, raising growth capital from new and existing investors. It w... |
| 20.03.2025 | NymCard Raises $33M in Series B Funding | Omar Onsi 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 ... |
| 19.03.2025 | QED Investors Announces Investment in Fintech NymCard, Enhancing MENA Region’s Payments Infrastructure | Listen to this article 0:00 / 0:43 1X BeyondWords NymCard, the embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its Series B funding round, led by QED Investors. This marks QED Investors’ most “si... |
| 03.11.2021 | Top 10 Fintech Startups in UAE | Fintech companies are making the financial system a whole lot easier and faster. According to Investment Monitor, the global fintech market is projected to hit a market value of USD 305 billion by 2025, growing at a CAGR of 20% over the nex... |
| 03.02.2021 | NymCard raises $7.6m for Banking-as-a-Service in MENA | Omar Onsi, NymCard founder and CEO NymCard, a UAE-based Banking-as-a-Service (BaaS) provider, has landed $7.6 million in Series A funding. The round was led by Shorooq Partners, with participation from OTF Jasoor Ventures and VentureSouq. T... |
| 02.02.2021 | Abu Dhabi's NymCard raises $7.6 million | Abu Dhabi-based banking-as-a-service vendor NymCard has raised $7.6 million in Series A financing. The round was led by Shorooq Partners in participation with OTF Jasoor Ventures and VentureSouq and brings NymCard's total funding to $12 mil... |
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