Embedded finance platform NymCard has raised $33 million to extend its MENA region presence. The company’s Series B round, announced Wednesday (March 19), was led by QED Investors, and marks that group’s biggest investment in the MENA (Middle East and North Africa) region. NymCard says the funding will help...
Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. The partnership, announced late Wednesday (Oct. 18) sees NymCard enhancing its fraud platform with ACI Fraud Management to protect its customers from financial fraud by deploying the tool via ACI’s public cloud environment across several markets in...
NymCard, a Banking-as-a-Service (BaaS) firm that serves the Middle East and Pakistan, has joined the Visa Ready to Launch (VRTL) program. The VRTL program aims to simplify the process of issuing payment products for FinTech and non-banking organizations, and NymCard’s plug-and-play platform will help FinTech...
Payments infrastructure provider NymCard has acquired buy now, pay later firm Spotii. The purchase, announced Monday (June 12), lets Dubai-based NymCard offer its financial services clients a buy now, pay later (BNPL) tool customized for local markets in the Middle East/North Africa (MENA) region, the company said in a news...
June 27, 2022
Card issuers might have it easy in regions like Europe and North America, but in the Middle East and North Africa (MENA) market, FinTechs have been completely held back from performing that service across the region. “That’s a core reason why you haven’t seen companies building the Brex, the Revolut or the Affirm of the […]
February 02, 2026
Payments infrastructure company NymCard can now settle card transactions with Visa using USDC stablecoins in the Gulf Cooperation Council (GCC) region. The capability results from NymCard taking stablecoin settlement with Visa live in the region, the companies said in a Monday (Feb. 2) press release. The model supports faster, 24/7 settlement and enables issuers to […]
March 19, 2025
Embedded finance platform NymCard has raised $33 million to extend its MENA region presence. The company’s Series B round, announced Wednesday (March 19), was led by QED Investors, and marks that group’s biggest investment...
October 19, 2023
Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. The partnership, announced late Wednesday (Oct. 18) sees NymCard enhancing its fraud platform with ACI Fraud Management to protect its customers from...
August 28, 2023
NymCard, a Banking-as-a-Service (BaaS) firm that serves the Middle East and Pakistan, has joined the Visa Ready to Launch (VRTL) program. The VRTL program aims to simplify the process of...