About NOW Money
NOW Money is a company based in Dubai (United Arab Emirates) founded in 2015.. NOW Money has raised $13.16 million across 7 funding rounds from investors including Accion, Comm Bank of Dubai and Salica Investments. NOW Money offers products and services including Payroll Solutions and Mobile Bank Account. NOW Money operates in a competitive market with competitors including Silk Chain Capital, FILPS, Emerald Monument Corporation and Cold BSB, among others.
- Headquarter Dubai, United Arab Emirates
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$13.16 M (USD)
in 7 rounds
-
Latest Funding Round
$4 M (USD), Series A
Jun 12, 2024
-
Investors
Accion
& 11 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of NOW Money
NOW Money offers a comprehensive portfolio of products and services, including Payroll Solutions and Mobile Bank Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure payroll processing and compliance for businesses.
App offering banking access and financial tools for employees.
Unlock access to complete
Unlock access to complete
Funding Insights of NOW Money
NOW Money has successfully raised a total of $13.16M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $4.0M
-
First Round
First Round
(01 Jun 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - NOW Money | Valuation |
investors |
|
| Nov, 2023 | Amount | Series A - NOW Money | Valuation |
investors |
|
| Mar, 2021 | Amount | Series A - NOW Money | Valuation | Anthemis Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NOW Money
NOW Money has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Accion, Comm Bank of Dubai and Salica Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early and growth-stage startups are funded by Anthemis Group.
|
Founded Year | Domain | Location | |
|
Knuru is engaged in equity and credit investments in technology sectors.
|
Founded Year | Domain | Location | |
|
Investments in tech startups and acceleration of entrepreneurs are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by NOW Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - NOW Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Now Money Comparisons
Competitors of NOW Money
NOW Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Silk Chain Capital, FILPS, Emerald Monument Corporation and Cold BSB, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Delivers digital banking solutions for users.
|
|
| domain | founded_year | HQ Location |
Offers digital banking solutions, instant loans, and fast payment systems to partners globally.
|
|
| domain | founded_year | HQ Location |
Operates as an internet-first bank delivering digital financial services to customers.
|
|
| domain | founded_year | HQ Location |
Operates as an internet-first bank delivering digital banking services to consumers and businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Now Money
Frequently Asked Questions about NOW Money
When was NOW Money founded?
NOW Money was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is NOW Money located?
NOW Money is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of NOW Money?
Nicolas Andine is the current CEO of NOW Money.
Is NOW Money a funded company?
NOW Money is a funded company, having raised a total of $13.16M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 01, 2017.
What does NOW Money do?
Founded in 2015 and based in Dubai, United Arab Emirates, NOW Money operates in the fintech sector. A mobile app is provided to deliver current accounts and remittance services using mobile banking technology. Partnerships with corporates are established for payroll processing, enabling employee account access. Financial inclusion is targeted for workers through these employer-supported solutions.
Who are the top competitors of NOW Money?
NOW Money's top competitors include Silk Chain Capital, FILPS and Emerald Monument Corporation.
What products or services does NOW Money offer?
NOW Money offers Payroll Solutions and Mobile Bank Account.
Who are NOW Money's investors?
NOW Money has 12 investors. Key investors include Accion, Comm Bank of Dubai, Salica Investments, Anthemis Group, and Wamda.