About Zywa
Zywa is a Financial Services company based in Dubai (United Arab Emirates) founded in 2020 by Alok Kumar and Nuha Hashem. Digital banking services are provided for teenagers via an app. It operates on a FinTech and Freemium model. Zywa has raised $4 million across 2 funding rounds from investors including RippleHire, Goodwater Capital and Dubai Future District Fund. Its chief executive, as recorded, is Alok Kumar. Zywa offers products and services including Zywa Card and Zywa App. Its focus areas include FinTech and Digital Payments. Its legal entity is Nymcard Payments Services LLC. Its competitors include Cashee, Edfundo and StudentCart; 2 of its 3 listed competitors have raised funding.
Company details
Zywa is dedicated to providing financial solutions tailored for Gen Z. Services are offered through a card and app, enabling users to spend, save, and earn money. Features include spend tracking, bill splitting, and cashback on payments. Security is ensured with fraud monitoring and user control. The platform also supports parents in managing pocket money for teens. Community engagement is fostered through events, internships, and game nights. Operations are licensed under the Central Bank of UAE.
- Total Equity Funding$4M (USD)
in 2 rounds
- Latest Funding Round$3M (USD), Seed
Aug 2022
- InvestorsRippleHire
& 6 more
Products & Services of Zywa
Zywa offers a comprehensive portfolio of products and services, including Zywa Card and Zywa App.
A card for spending, saving, and earning money.
An app for tracking spends and managing money.
Apps and channels of Zywa
Zywa publishes 1 mobile app.
Funding Insights of Zywa
Zywa has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in August 2022. 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 $4M
- Total Rounds 2
- Last Round Seed — $3M
- First Round $1M
(Feb 2022)
- Investors Count 7
All 2 funding rounds of Zywa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $3M | Seed | – | Goodwater Capital, Dubai Future District Fund | |
| Feb 2022 | $1M | Seed | – | – |
7 investors in total: 7 institutional.
Investors in Zywa
Zywa has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include RippleHire, Goodwater Capital and Dubai Future District Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in consumer tech sectors are managed by Goodwater Capital. | goodwatercap.com | Burlingame, United States | ||
Venture capital fund focused on tech startups | rebelfund.vc | San Francisco, United States | ||
ZEMU Capital is focused on investing in innovative technology startups. | zemuvc.co | Mongkok, Hong Kong | ||
| trampolineventurepartners.tcc.mode | ||||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
| futuredistrictfund.com | ||||
AI-powered cloud solutions for talent acquisition are provided. | 2012 | ripplehire.com | Mumbai, India |
Investor details for Zywa
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Zywa
5 people are tracked at Zywa (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Alok Kumar | Co-Founder & CEO | Leadership |
Nuha Hashem | Co-Founder & CTO | Leadership |
Akash Birajdar | Founding Team - Engineering | Team |
Sahaj Ramachandran | Engineering Team | Team |
Sanket Bhavsar | Founding Team - Engineering | Team |
Complete people profiles for Zywa
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Zywa
3 dated milestones of Zywa across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Zywa is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Seed, of $3.0M.
Competitors of Zywa
Zywa has 3 listed competitors in our database, 2 of them funded. They include Cashee, Edfundo and StudentCart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cashee.com | 2020 | Dubai, United Arab Emirates | $4M | Digital banking services for teenagers are provided by Cashee. | ||
| edfundo.com | 2020 | Dubai, United Arab Emirates | $400,000 | App-based platform for money management for students | ||
| studentcart.co | 2016 | Abu Dhabi, United Arab Emirates | Manages school payments and child expenses through a user-friendly portal. |
Detailed competitors of Zywa
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Zywa
The website of Zywa (zywa.co) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 13.1% vs previous month
Websites whose visitors overlap most with Zywa. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
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Frequently Asked Questions about Zywa
Zywa was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Zywa is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Alok Kumar is the CEO of Zywa, as recorded in our data. They have also founded this company.
Zywa is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Feb 2022.
Zywa is dedicated to providing financial solutions tailored for Gen Z. Services are offered through a card and app, enabling users to spend, save, and earn money. Features include spend tracking, bill splitting, and cashback on payments. Security is ensured with fraud monitoring and user control. The platform also supports parents in managing pocket money for teens. Community engagement is fostered through events, internships, and game nights. Operations are licensed under the Central Bank of UAE.
Zywa's top competitors include Cashee, Edfundo and StudentCart.
Zywa offers Zywa Card and Zywa App.
Zywa has 7 investors. Key investors include RippleHire, Goodwater Capital, Dubai Future District Fund, Rebel Fund, and ZEMU.
Zywa operates through Nymcard Payments Services Llc.
Yes. Zywa publishes Zywa: Money app for students.