MENA-based BaaS provider NymCard raised $22.5Mn in funds led by ADQ's venture platform & others

MENA-based Banking as-a-Service (BaaS) provider NymCard raised $22.5 million in funds led by DisruptAD - ADQ's venture platform, Reciprocal Ventures, and Shorooq Partners where Chimera, DFDF, Knollwood, Endeavor Catalyst, OTF Jasoor Ventures, in addition to previous and other investors also participated.

Through modern APIs, NymCard's Platform enables FinTechs to integrate ready-to-use finance into their applications. This allows their clients to concentrate on developing their product rather than dealing with complex payment rails. Using its APIs, the new funds will assist NymCard in providing MENA-based FinTechs with the infrastructure needed for BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury.

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