Congratulations to our direct investment portfolio company, NymCard, on successfully closing their latest funding round! We’re excited to see them continue advancing payments infrastructure in the region and look forward to their next phase of growth.
📣 $33M secured—bringing NymCard’s total funding close to $70M to power the next era of embedded finance in MENA! We’re thrilled to announce our $33M Series B, led by US-based QED Investors —their first time leading a deal in the Gulf Region. The round also saw participation from existing investors, including Lunate, Dubai Future District Fund , Mashreq, Knollwood Investment Advisory, Reciprocal Ventures, FJ Labs, Endeavor, and Shorooq, alongside new investor Oraseya Capital. With this investment, NymCard is deepening its presence across 10+ markets, strengthening its payment infrastructure solutions to support the evolving needs of financial institutions and enterprises. 🇦🇪 UAE – Powering the future of digital money movement as a licensed entity under the Central Bank of The UAE. 🇸🇦 KSA – Supporting Saudi Vision 2030 by enabling the shift toward a cashless economy. 🇪🇬 Egypt – Driving financial inclusion with flexible infrastructure for its thriving fintech ecosystem. 🇵🇰 Pakistan – Expanding access to modern payment solutions in one of South Asia’s fastest-growing digital economies. We’re equally excited about the work we’re doing in Qatar, Oman, Lebanon, Iraq, Sudan, and many other countries, as we continue building the infrastructure that powers the future of embedded finance in MENA. 📢 Read more: https://lnkd.in/drAiF4fC #EmbeddedFinance #Fintech #SeriesB #Fundraising #Payments #QEDInvestors #MENA #NymCard #UAE #KSA #Egypt #Pakistan #Qatar #Oman #Lebanon #Iraq #Sudan