NymCard

NymCard is a modern cloud-based card issuing and processing platform enabling the next generation of payments in the MENA region.

NymCard's Banking-as-a-Service (BaaS) platform has improved how physical and virtual cards are developed and deployed.

NymCard was founded in 2018 by Omar Onsi. The company is headquartered in Abu Dhabi, United Arab Emirates, with presence in Dubai, Riyadh, Cairo and Karachi.

 

NymCard delivers an API-based processing platform to financial institutions, banks, and fintechs that digitises payment card issuance helping them to cut costs and launch customer focused payment programmes in a timeframe of fewer than eight weeks.

 

NymCard works with a variety of financial institutions in the MENA (Middle East and North Africa) region on services that include money transfers, corporate expense cards, on-demand delivery services, Buy Now Pay Later (BNPL) offerings and youth banking applications.

 

NymCard is backed by Shorooq Partners, DisruptAD, Reciprocal Ventures, OTF Jasoor Ventures, Chimera, DFDF, Knollwood, Endeavor Catalyst, Mashreq bank, VentureSouq, and others. The company raised $22.5M in new round on Jun 08, 2022. This brings NymCard's total funding to $36.1M to date.

 

 

  • Year founded: 2018
  • Funding Info: $36.1M over 6 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Abu Dhabi
  • State: Abu Dhabi
  • Country: United Arab Emirates
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