FinTech Platform NymCard raises $22.5M | MAGNiTT
Summary
NymCard, a Banking as-a-Service (BaaS) provider and card issuer, has closed a $22.5M funding round to remove friction for FinTechs launching payment products across MENA.Time to make clear-cut decisions? Subscribe to our platform for dynamic real-time data at your fingertips.MENA-based Banking as-a-Service (BaaS) provider NymCard has raised $22.5M in its latest funding round. Browse our latest and pick your data focusNymCard currently supports some of the regions most innovative financial institutions with emerging use cases, including gig economy, multi-currency, money transfers, corporate expense cards, on-demand delivery services, Buy Now Pay Later (BNPL) offerings, and youth banking applications in addition to many more. As we move towards a $7Trn embedded finance market, we aim to evolve and enhance our offering to transform the payments industry and serve our clients needs in the region. With a presence in Abu Dhabi, Dubai, Riyadh, Cairo, and Karachi, NymCard intends to use these funds to further grow its teams and strengthen its service in core markets.
Funding
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