NymCard Raises $33M in Series B Funding
Summary
NymCard, a Dubai, UAE-based provider of an embedded finance platform operating across 10+ countries in MENA, raised $33M in Series B funding. 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.
Funding
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