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NymCard secures $7.6 million in Series A funding, led by Shorooq Partners with participation from OTF Jasoor Ventures and VentureSouq.
PRIVATEAug 14, 2026•about 17 hours ago
Amount Raised
$7.6 Million
Round Type
Series A
MaineFinancial ServicesFinanceFintechCryptocurrencyLendingInvestors
Venture SouqOtf Jasoor VenturesShorooq Partners
Description
NymCard, the leading MENA Banking as a Service provider, has announced a successful Series A funding round. The round raised $7.6 million to support its growth and service expansion. This funding was led by Shorooq Partners, with participation from OTF Jasoor Ventures and VentureSouq. NymCard's total funding raised to date now amounts to $12 million.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers