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NymCard has secured $33 million in its latest Series B funding round, led by QED Investors. This investment aims to strengthen MENA's payments infrastructure.

Mar 19, 2025

Amount Raised

$33 Million

Round Type

Series B

Financial ServicesFinanceFintechCryptocurrencyLending

Investors

ReciprocalKnollwoodQED InvestorsOraseya CapitalDubai Future District Fund (Dfdf)ShorooqEndeavorFJLabsLunateMashreq Bank

Description

NymCard, an embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its Series B funding round. This investment was led by QED Investors and includes backing from existing investors such as Lunate and Dubai Future District Fund, along with new participation from Oraseya Capital. The funds will enable NymCard to deepen its presence in MENA and enhance its payment infrastructure solutions. CEO Omar Onsi emphasized the investment's significance for financial innovation in the region.

Quick answer

NymCard raised $33 Million in a Series B round, dated March 19, 2025. Investors: Reciprocal, Knollwood, QED Investors, Oraseya Capital, Dubai Future District Fund (Dfdf), Shorooq, Endeavor and FJLabs.

How much did NymCard raise?
NymCard raised $33 Million in a Series B round on March 19, 2025.
Who invested in NymCard?
Reciprocal, Knollwood, QED Investors, Oraseya Capital, Dubai Future District Fund (Dfdf), Shorooq, Endeavor and FJLabs are named as investors in this round.
What does NymCard do?
NymCard is the only embedded finance platform operating across 10+ countries in MENA, providing payment infrastructure solutions to banks, enterprises, and fintechs.
Where is NymCard based and how big is it?
Fundz records about 225 employees.
Who are the decision-makers at NymCard?
Fundz holds 1 contact at NymCard. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as NymCard that raised within 45 days of this round, from Fundz verified event records.

  • CAP Labs raised $920 (Pre-Seed) on April 15, 2025.
  • Aegis raised $2M (Pre-Seed) on February 25, 2025.
  • House of Doge raised $2.2M (Seed) on April 30, 2025.
  • Ensysce Biosciences raised $2.2M (Seed) on April 23, 2025.
  • Meanwhile raised $40M (Series A) on April 12, 2025.
  • Meanwhile raised $40M (Series A) on April 10, 2025.

Who to call at NymCard, and when

A new round usually means NymCard is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day NymCard raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at NymCard, from your own LinkedIn network

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Company Information

Company

NymCard

About

NymCard is the only embedded finance platform operating across 10+ countries in MENA, providing payment infrastructure solutions to banks, enterprises, and fintechs. Their nCore platform is a fully integrated issuer processor that enables clients to manage card issuance, transaction processing, and real-time payments. NymCard delivers personalized financial offerings and supports the region's shift towards a cashless economy. The company is committed to enabling financial innovation across the MENA region.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

NymCard raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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