NymCard is a Dubai-based provider of an embedded finance platform operating across 10+ countries in the MENA region. The company offers the nCore platform, a MENA-based issuing processor that fully owns its processing and switching technology rather than licensing it. nCore is built on modular APIs and enables businesses to manage card issuance, transaction processing, lending infrastructure and real-time payments within an integrated finance stack. NymCard serves banks, enterprises, fintechs and telecom providers across three core verticals: Card Issuing & Processing, Embedded Lending, and Money Movement. In March 2025 the company raised $33M in a Series B round to support expansion. Led by founder and CEO Omar Onsi, NymCard intends to use the funds to consolidate its presence across its 10+ MENA markets and strengthen its payment infrastructure solutions. NymCard provides banking-as-a-service infrastructure to remove operational friction for fintechs and startups to issue their own payment cards. The company says it can cut the usual eight-month timescale to launch payment services by six months. NymCard supports multiple emerging use cases including gig economy, multi-currency, money transfers, corporate expense cards, on-demand delivery, BNPL offerings, and youth banking applications. It operates across Abu Dhabi, Dubai, Riyadh, Cairo, and Karachi. Founded in 2018, the firm is positioning to expand its product offering to serve a growing embedded finance market. CEO Omar Onsi framed the raise as a step toward evolving NymCard’s capabilities to better serve client needs in the region. NymCard provides end-to-end card issuing and processing solutions for financial institutions, banks, and fintechs, digitizing the payment card experience and reducing program costs. Its platform is designed to launch customer-focused card propositions in fewer than eight weeks. The company built its tech stack from the ground up to achieve speed and agility compared with legacy players. NymCard has served regional banks and fintechs, including a client described as the fastest-growing issuer in Iraq and the region’s first neo bank. Management says the cash-to-card shift is driving demand across banks, NBFIs, and startups, and that its technology helps clients navigate the regulatory and technical complexity of card programs. The Series A will support NymCard’s growth across the MENA region.

Total raised

$63M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2025