About NymCard
NymCard is a company based in Abu Dhabi (United Arab Emirates) founded in 2016 by Omar Onsi. It operates as a FinTech, SaaS (Software-as-a-Service), and Managed Services. NymCard has raised $63.1 million across 4 funding rounds from investors including FJ Labs, Shorooq Partners and Lunate. The company has 1 employees as of December 31, 2018. NymCard has completed 1 acquisition, including Spotii. NymCard offers products and services including Card Issuing, Money Movement, Embedded Lending, and Nym4Business. NymCard operates in a competitive market with competitors including Prepaid Financial Services, Thames Technology, B4BPayments, PrePay Solutions and Lerex Technology, among others.
- Headquarter Abu Dhabi, United Arab Emirates
- Employees 1 as on 31 Dec, 2018
- Founders Omar Onsi
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nymcard Payment Services Llc
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 NymCard
NymCard offers a comprehensive portfolio of products and services, including Card Issuing, Money Movement, Embedded Lending, and Nym4Business. 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.
Cards are issued as prepaid, debit, or credit.
Transfers are enabled locally and across borders.
Credit is offered through modular decision engines.
SME platforms are built for branded services.
Unlock access to complete
Software Development Team
16 people
Senior Team
13 people
Leadership Team
5 people
Product Management Team
5 people
Operations Team
5 people
Human Resources and Administration
3 people
Finance and Accounting
3 people
Android Team
3 people
Unlock access to complete
Funding Insights of NymCard
NymCard has successfully raised a total of $63.1M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $33 million completed in March 2025. 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 4
- Last Round Series B — $33.0M
-
First Round
First Round
(31 Jan 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - NymCard | Valuation | QED Investors | |
| Jun, 2022 | Amount | Series B - NymCard | Valuation | DisruptAD , Reciprocal Ventures | |
| Feb, 2022 | Amount | Series A - NymCard | Valuation | Mashreq Bank |
|
| 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 NymCard
NymCard has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include FJ Labs, Shorooq Partners and Lunate. 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 |
|---|---|---|---|---|
|
Venture capital fund investing in early-stage start-ups
|
Founded Year | Domain | Location | |
|
Alternative investment management services are provided in private markets.
|
Founded Year | Domain | Location | |
|
Private equity investments in the internet sector are targeted.
|
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 NymCard
NymCard has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spotii. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Purchase financing solutions are offered to customers for installment payments.
|
2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - NymCard
| 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 |
Nymcard Comparisons
Competitors of NymCard
NymCard 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 Prepaid Financial Services, Thames Technology, B4BPayments, PrePay Solutions and Lerex Technology, 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 |
Prepaid card solutions and payment technologies are provided globally.
|
|
| domain | founded_year | HQ Location |
Payment cards are manufactured, personalized, and distributed globally.
|
|
| domain | founded_year | HQ Location |
White-label prepaid MasterCard issuance is offered by B4B Payments.
|
|
| domain | founded_year | HQ Location |
Provider of prepaid card programmes.
|
|
| domain | founded_year | HQ Location |
White-label prepaid card solutions are provided to 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 Nymcard
Frequently Asked Questions about NymCard
When was NymCard founded?
NymCard was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is NymCard located?
NymCard is headquartered in Abu Dhabi, United Arab Emirates. It is registered at Abu Dhabi, Abu Dhabi, United Arab Emirates.
Who is the current CEO of NymCard?
Omar Onsi is the current CEO of NymCard. They have also founded this company.
Is NymCard a funded company?
NymCard is a funded company, having raised a total of $63.1M across 4 funding rounds to date.
How many employees does NymCard have?
As of Dec 31, 2018, the latest employee count at NymCard is 1.
What does NymCard do?
NymCard is established as a leading card issuing and payment processing platform operating across MENA and Pakistan. Services are provided in card issuing, including prepaid, debit, and credit cards, alongside money movement solutions for local and cross-border transfers. Embedded lending is offered through modular credit decision engines, and Nym4Business is tailored for SMEs with branded financial tools. The platform is built to serve diverse industries such as banks, fintechs, telecommunications, and retail, ensuring compliance with local and global regulations. Advanced security and fraud controls are integrated to protect transactions, while customizable APIs and SDKs are provided for rapid integration and scalability.
Who are the top competitors of NymCard?
NymCard's top competitors include Thames Technology, Prepaid Financial Services and B4BPayments.
What products or services does NymCard offer?
NymCard offers Card Issuing, Money Movement, Embedded Lending, and Nym4Business.
How many acquisitions has NymCard made?
NymCard has made 1 acquisition, including Spotii.
Who are NymCard's investors?
NymCard has 15 investors. Key investors include FJ Labs, Shorooq Partners, Lunate, QED Investors, and Dubai Future District Fund.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.