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Abu Dhabi-based Banking-as-a-Service (BaaS) provider, NymCard, has raised $33 million in a Series B funding round, reinforcing its position as a key player in the MENA financial technology ecosystem.
Led by QED Investors, the funding round attracted strong support from existing investors, including Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, FJLabs, Shorooq, and Endeavor. New participation also came from Oraseya Capital, further validating NymCard’s growing influence in the industry.
Operating across more than 10 markets in the MENA region, NymCard offers a full-stack infrastructure that supports embedded card issuance, payment processing, lending solutions, and real-time money movement. The company serves a diverse client base of over 50 banks, enterprises, fintech firms, and telecom providers, enabling seamless financial services integration.
“This investment is a testament to the strength of our technology and our commitment to enabling financial innovation in MENA,” said Omar Onsi, CEO of NymCard. “With the backing of our investors, we will continue pushing the boundaries of payments and embedded finance, ensuring our clients have access to best-in-class payment infrastructure solutions supported by robust program management capabilities.”
The fresh capital will further accelerate NymCard’s growth, enhancing its ability to provide regulatory technology solutions, compliance automation, and financial infrastructure innovations across the region.
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