NymCard, a leading embedded finance solutions provider, has closed a $33 million funding round led by QED Investors, with participation from prominent investors such as Lunate, Dubai Future District Fund, Shorooq and Mashreq.
This marks QED Investors’ largest investment in the Middle East, reflecting growing confidence in the region’s fintech infrastructure growth.
NymCard plans to expand its presence across more than 10 regional markets, focusing on innovative solutions in card issuance, embedded finance, and money transfers.
The company’s proprietary nCore platform offers a fully integrated and flexible infrastructure, enabling clients to design and launch customized payment programs with high efficiency.
This funding will bolster NymCard’s position as a leader in embedded finance, partnering with over 50 banks and fintech companies across the region.
The new capital will support the expansion of its operations and the enhancement of its financial infrastructure offerings.
Omar Onsi, CEO of NymCard, stated, “This investment is a testament to the strength of our technology and our commitment to enabling financial innovation in the region.” He added, “With the support of our investors, we will continue to push the boundaries of embedded finance and deliver advanced solutions to our clients.”
