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NymCard

Growth Score40DXBi Rank110Heat Score100

NymCard Payment Services LLC

MENA's full-stack payments and embedded finance infrastructure platform

Founded 2018Private (VC-backed startup)Series BDubai, United Arab Emirates, Dubai201-500 employeesnymcard.com
Prospect profilefintechembedded financecard issuingbanking-as-a-servicepayments infrastructureMENA
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Overview

NymCard is a Dubai-headquartered payments and embedded finance infrastructure company that lets banks, fintechs, and enterprises issue and manage Visa/Mastercard cards, move money, and offer lending through its proprietary nCore platform. Licensed by the Central Bank of the UAE and certified as a Principal Mastercard Issuer, it operates across 10+ MENA and Pakistan markets. Founded in 2018 by Omar Onsi and Ayman Chalhoub, it closed a $33 million Series B in March 2025 led by QED Investors.
40

Growth Score

Steady

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Private (VC-backed startup)
Funding Stage
Series B
Headquarters
Dubai, United Arab Emirates
Founded
2018
Company Size
201-500 employees

Products & Services

nCore FullStack

Unified end-to-end payments infrastructure stack (cards, lending, money movement, settlement, financial crime, reconciliation) launched via a single integration, announced June 2026.

Cards (NymCard Issuing)

Prepaid, debit, credit, virtual and tokenized card issuing as a Visa/Mastercard principal member.

Lending

Embedded installment and revolving credit programs for banks and fintechs.

Money Movement

Cross-border payments and fund transfer rails, including partnerships with Visa Direct and Mastercard.

Stablecoin Settlement

USDC-based 24/7 card transaction settlement rail launched with Visa in the GCC.

Financial Crime / Fraud Prevention

AML, sanctions screening, identity verification and fraud prevention tooling.

Open Finance

CBUAE-licensed Open Finance / account-to-account payment initiation services launched May 2025.

Spotii (BNPL-in-a-Box)

Buy Now Pay Later product line acquired in 2023, offered to banks and financial institutions as an embeddable BNPL solution.

Digital Wallets

Wallet issuance and management capability within the platform.

People

Technology

No technology or web presence data on file yet.

Financials

Series B

Funding stage

Funding rounds

Projects

AcquisitionCompleted

NymCard Acquires Spotii

NymCard acquired UAE/KSA/Bahrain BNPL provider Spotii (1M+ registered customers, 1,500+ merchants) to offer a 'BNPL-in-a-Box' product to banks and financial institutions. Terms undisclosed.

Jun 12, 2023

PartnershipAnnounced

Stablecoin Settlement with Visa in the GCC

NymCard became the first issuer in the GCC to enable USDC-based, 24/7 stablecoin settlement for card transactions in partnership with Visa.

Feb 2, 2026

PartnershipAnnounced

NymCard and easypaisa Partner on Pakistan's First Digital Credit Card Program

NymCard's issuing, processing and compliance infrastructure will power easypaisa digital bank's fully digital credit card program in Pakistan.

Dec 12, 2025

PartnershipAnnounced

NymCard Partners with Visa Direct

NymCard partnered with Visa Direct, Visa's global real-time money movement network, to enable cross-border transfers across MENA and Pakistan.

Nov 27, 2025

PartnershipAnnounced

NymCard Cross-Border Partnership with Mastercard

NymCard announced a partnership with Mastercard enabling cross-border transfers to 47 countries from the UAE.

Sep 11, 2024

Project LaunchCompleted

NymCard Launches Open Finance Services Under CBUAE Regulation

NymCard launched Open Finance services licensed under the UAE Central Bank's Open Finance regulation, enabling embedded, consent-driven account-to-account payment flows.

May 9, 2025

Project LaunchCompleted

NymCard Expands MENA Footprint, Opens Qatar Office

NymCard opened a new office in Qatar as part of its MENA regional expansion.

Aug 28, 2024

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