Can NymCard’s $33M Raise Transform Embedded Finance in MENA?

March 24, 2025

Can NymCard’s $33M Raise Transform Embedded Finance in MENA?

Article Highlights

Off On

NymCard, an embedded finance platform operating in over ten countries in the MENA region, has successfully raised $33 million in a Series B funding round led by QED Investors. This investment marks QED’s largest in the MENA region and its first in the Gulf, showcasing increasing global confidence in the area’s fintech ecosystem. Existing investors, including Lunate, Dubai Future District Fund, and Mashreq Bank, along with new backer Oraseya Capital, participated in the round, underscoring NymCard’s impactful role in the future of embedded finance in the region.

NymCard aims to deepen its presence in the MENA region by enhancing its payment infrastructure solutions for banks, enterprises, fintechs, and telecom providers. The focus will be on three core areas: Card Issuing Processing, Embedded Lending, and Money Movement. The company’s nCore platform, unique in the region for fully owning its processing and switching technology, provides a significant competitive advantage. This infrastructure allows clients to design, launch, and scale payment programs flexibly and efficiently.

CEO Omar Onsi highlighted that the investment validates the strength of NymCard’s technology and its dedication to financial innovation in the MENA region. NymCard partners with over 50 banks, fintechs, and enterprises to facilitate personalized financial offerings and support regional initiatives like Saudi Arabia’s Vision 2030 and the UAE’s push towards a cashless economy. The platform also promotes financial inclusion and innovation in Egypt.

Gbenga Ajayi, a partner at QED Investors, commended NymCard for bridging the fintech gap in MENA with its innovative solutions, which enhance financial access for startups and enterprises, boost SME growth, and strengthen the digital economy. Julien Plouzeau of Oraseya Capital praised NymCard for its strong customer loyalty, expanding product suite, and capacity to scale across diverse markets, contributing to financial services innovation in the region.

NymCard’s successful funding round will accelerate its mission to transform embedded finance in MENA by providing comprehensive and localized financial solutions. The support from notable investors solidifies its market leadership and potential to drive significant economic growth and innovation in the region’s fintech landscape.

Explore more

How Is Check Point Addressing New Zero-Day Attacks?

September 25, 2026

The Netherlands’ National Cyber Security Centre has recommended disabling implied VPN rules for gateways that cannot be immediately patched. This urgent advisory follows a series of sophisticated cyberattacks targeting critical infrastructure managed by Check Point security systems. On July 23, sophisticated threat actors successfully exploited a previously unknown zero-day vulnerability in the Check Point Security Management Server, designated as CVE-2026-93616.

How Is AI-Native Infrastructure Rebuilding the Enterprise?

September 25, 2026

The initial phase of AI adoption focused on individual productivity, but the current era emphasizes the unglamorous work of structural integration. Recent data reveals a stark contrast between the enthusiasm for artificial intelligence and the financial reality of its deployment. While 44 percent of organizations claim to be scaling these technologies, only a mere 20 percent have successfully integrated AI

How HR Supports Employees During Separation and Divorce

September 25, 2026

The silent struggle of a crumbling marriage often manifests in the subtle tremor of a hand reaching for a morning coffee or a sudden lapse in a once-impeccable professional focus. When a long-term partnership dissolves, the shockwaves rarely stop at the front door; they follow the employee directly into the office, affecting stamina and mental clarity. Productivity loss associated with

How Companies Can Prevent Middle Manager Burnout This Fall

September 25, 2026

The crisp arrival of September traditionally signals a season of renewal, yet for the middle managers holding corporate structures together, it often functions as a high-velocity collision between summer exhaustion and the unrelenting pressure of year-end targets. While the broader workforce often returns from vacation with a sense of restored energy, those tasked with operational oversight frequently find themselves depleted

How Can You Build a Strong AI Governance Framework for CX?

September 25, 2026

Introduction Establishing a rigorous oversight structure for automated customer service tools requires far more than merely selecting the most advanced software available on the current market today. In 2026, enterprise contact centers rely on artificial intelligence to handle an overwhelming majority of customer interactions, yet many organizations still lack a unified strategy for accountability. This article explores the essential steps