# NymCard: Financial services, Dubai, United Arab Emirates

> NymCard: NymCard is a regulated Banking-as-a-Service (BaaS) and embedded finance platform based in Dubai, UAE. Based in Dubai, United Arab Emirates.

Source: https://millionrounds.com/startup/nymcard (Millionrounds; every figure on the page links to its filing or article)

United Arab Emirates · [Financial services startup](https://millionrounds.com/companies)

# NymCard

NymCard is a regulated Banking-as-a-Service (BaaS) and embedded finance platform based in Dubai, UAE.

Funding reported Last round: Series A

Financial services Dubai, United Arab Emirates

Company summary

- **Founded:** 2018 8 years old
- **Team:** 260 201 to 1,000 people
- **Funding reported:** 36.1M as listed, currency not stated
- **Last round:** Series A Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for NymCard has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About NymCard

NymCard is a regulated Banking-as-a-Service (BaaS) and embedded finance platform based in Dubai, UAE.

Founded in 2018 by Omar Onsi, the company aims to modernize payments in the MENA region. NymCard provides a comprehensive payments infrastructure that allows banks, fintechs, and businesses to issue cards, enable lending, and facilitate money movement through its API-driven system called nCore. The platform offers a range of services, including card issuing for various types of cards, integrated lending solutions like Buy Now Pay Later, and real-time global money movement. NymCard's technology is built from the ground up, making it the only MENA-based BaaS provider with a fully developed tech stack. The company operates across multiple countries in the MENA region and Pakistan, serving a diverse clientele that includes banks, fintechs, large enterprises, and telecom providers. NymCard focuses on accelerating digital transformation and financial inclusion in emerging markets.

## What company datasets say NymCard raised

Funding, as reported

Reported in all **36.1M** in the source's currency

Rounds **8**

Last round **Series A**

Last round size **33M**

Last round date **Jun 2022**

Investors listed **14**

## On 8 portfolio pages

Investors who name them

- [Shorooq Partners](https://millionrounds.com/fund/shorooq-partners)
- [Oraseya Capital](https://millionrounds.com/fund/oraseya-capital)
- [VentureSouq](https://millionrounds.com/fund/venturesouq)
- [B&Y Venture Partners](https://millionrounds.com/fund/b-and-y-venture-partners)
- [Phoenician VC](https://millionrounds.com/fund/phoenician-vc)
- [Reciprocal Ventures](https://millionrounds.com/fund/reciprocal-ventures)
- [Key Capital](https://millionrounds.com/fund/key-capital)
- [Conjunction Capital](https://millionrounds.com/fund/conjunction-capital)

Each firm lists NymCard on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

real-time processing white-label solutions open banking consumers instant issuance gantt charts user support cross-border transfers payment security project management reserve processing distribution bnpl computer & network security scalable solutions

Built with from their website

GitHub Actions Docker Google Tag Manager Google App Engine Tableau dbt WordPress.org Salesforce CRM Analytics HREF Lang React Native

+8 more

Google Cloud Siemens PROFIBUS Google Workspace CloudFlare Viewport Meta MongoDB Lucide Hubspot

- **Sector:** Financial services
- **Industry code:** NAICS 522320, 541512, SIC 7389
- **Region:** Dubai
- **Revenue:** 61.6M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/nymcard)

## Financial services in United Arab Emirates

Startups like it

- [**Flow48** Dubai · founded 2022 *Raised*](https://millionrounds.com/company/flow48)
- [**Huspy** Dubai · founded 2020 *Raised*](https://millionrounds.com/company/huspy)
- [**CredibleX** Abu Dhabi · founded 2023 *Raised*](https://millionrounds.com/company/crediblex)
- [**Alaan** Dubai · founded 2021 *Raised*](https://millionrounds.com/company/alaan)
- [**Zest Equity** Dubai · founded 2021 *Raised*](https://millionrounds.com/company/zest-equity)
- [**Sav** Dubai · founded 2022 *Raised*](https://millionrounds.com/company/sav)
- [**EcoWatt** Dubai · founded 2018](https://millionrounds.com/startup/ecowatt)
- [**Orfinex** Dubai · founded 2015](https://millionrounds.com/startup/orfinex)

## Is this your company?

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