NymCard

NymCard Raises $33M Series B to Expand Embedded Finance Across MENA

NymCard secured $33 million in Series B funding led by QED Investors to expand its embedded finance platform across more than 10 MENA countries. The company's proprietary nCore platform offers card issuing, processing, embedded lending, and money movement capabilities. This round strengthens MENA's payments infrastructure and positions NymCard as a leading regional BaaS provider.

Faysal Bank and NymCard Partner for BaaS Platform in Pakistan

Faysal Bank partnered with NymCard to enable a banking-as-a-service platform in Pakistan. The collaboration aims to drive financial innovation by combining Faysal Bank's local banking infrastructure with NymCard's card issuance and BaaS technology. This marks a significant embedded finance development in the MENA/APAC region.

NymCard Partners with AlRayan Bank to Power Card Programs in Qatar

NymCard announced a strategic partnership with AlRayan Bank in Qatar to enable fintechs, banks, and non-bank financial institutions to create and scale innovative card programs and payment solutions. The partnership leverages NymCard's API-driven platform with AlRayan Bank's local market expertise, aligned with Qatar Vision 2030.

NymCard and Saudi Payments Sign MOU for Fintech Innovation

NymCard and Saudi Payments signed a Memorandum of Understanding to collaborate on payments innovation in Saudi Arabia. Announced at Seamless KSA, the MOU aims to advance fintech development and modernize the payments ecosystem in the Kingdom.

NymCard Partners with Visa to Enable MENA Fintechs to Launch Card Programs

MENA-based BaaS provider NymCard signed a strategic partnership with Visa to support fintechs across the Middle East, North Africa, and Pakistan. The collaboration enables fintechs to launch payment programs with marketing support, consultancy, and industry expertise. NymCard's platform allows fintechs to deploy card, account, and IBAN services without managing complex payment infrastructure.

Mashreqbank Takes Stake in BaaS Provider NymCard

Mashreqbank acquired a stake in NymCard, a MENA-focused banking-as-a-service provider. The investment reflects growing bank interest in BaaS infrastructure across the Middle East. NymCard enables fintechs and enterprises to embed card and payment products via APIs.

NymCard Joins Mastercard Network Enablement Partner Program

BaaS provider and card issuing platform NymCard joined Mastercard's Network Enablement Partner program. The partnership grants NymCard direct connectivity with Mastercard's network and privileged access to its solutions. This accelerates product delivery and innovation for NymCard's fintech customers.

NymCard Partners with Gate to Pay for BaaS Card Issuing in Jordan

NymCard partnered with Gate to Pay in Jordan to provide fast-track card issuing via its BaaS platform. The partnership supports fintechs with customizable virtual and physical payment cards. This move strengthens NymCard's position in the MENA fintech ecosystem.

NymCard Launches Fully Public Open APIs for MENA Card Issuing BaaS

UAE-based BaaS provider NymCard launched its fully public Open API platform for payment card processing and issuing. The launch enables fintechs and businesses across the MENA region to integrate card programs via self-service APIs. This marks a significant step toward opening up card-issuing infrastructure in a region with growing fintech demand.

NymCard Raises $7.6M to Expand Banking-as-a-Service in MENA

UAE-based BaaS provider NymCard raised $7.6 million in funding to expand its card issuing and banking-as-a-service platform across the MENA region. The round supports NymCard's mission to power fintech growth through its infrastructure. The company also launched fully public APIs around the same time to drive fintech adoption.