In an investment round, MENA finance platform NymCard raises $22.5 million. - MENA startups, innovation, and tech news

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In an investment round, MENA finance platform NymCard raises $22.5 million.
funding for fintech startup
Funding

In an investment round, MENA finance platform NymCard raises $22.5 million.

In an investment round led by venture capital firms DisruptAD, Reciprocal Ventures, and Shorooq Partners, NymCard has raised $22.5 million.

Instead of dealing with sophisticated payment rails, the banking-as-a-service provider in the Middle East and North Africa lets fintech businesses to plug and play ready finance into their products through APIs.

Omar Onsi, CEO and founder of NymCard, said in a news release, “As we progress toward a $7 trillion integrated finance sector, we intend to evolve and strengthen our offering to alter the payments industry and satisfy our clients’ needs in the area.”

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