UAE-based fintech NymCard secures $22.5 million in funding

Oluwajuwonlo Afolabi -

NymCard, the Middle East and North Africa (MENA)-based fintech firm has raised $22.5 million in its latest funding, a venture round bringing it to $35 million in total funding raised.

  • The funds will help the firm to improve its finance-related infrastructure, develop its team and scale its presence in core markets.
  • Founded in 2018, NymCard allows fintechs to plug and play ready finance into their applications via modern APIs.
  • The firm supports financial services around the digital economy, multi-currency, money transfers, corporate exchange cards, on-demand delivery, BNPL, and youth banking applications.
  • DisruptAD, Reciprocal Ventures, and Shorooq Partners led the funding round, with participation from Chimera, DFDF, Knollwood, Endeavor Catalyst, and OTF Jasoor Ventures.