COMPANY PROFILE

NymCard

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Instant access to smart payment cards in a simple mobile experience

Dubai, United Arab EmiratesFounded 2018Fintech

Valuation $100–250M Last recorded · 2025

Revenue $50–100M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About NymCard

NymCard is a plug-and-play banking-as-a-service (BaaS) provider that offers a modern payment issuing and processing platform. The company enables businesses, from startups to large enterprises, to build, launch, and scale their own card programs without the need to create the complex payment infrastructure from scratch. NymCard's services are primarily targeted at banks, financial institutions, and fintech companies across the Middle East and Africa (MEA) region.

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The company's business model revolves around providing its infrastructure through a set of APIs, allowing clients to embed financial services, such as physical and virtual card issuing, directly into their own products. This model allows NymCard to generate revenue through setup fees, monthly service charges, and transaction-based fees. By handling the complexities of compliance, network connections (like with Visa and Mastercard), and technology, NymCard reduces the time-to-market and operational burden for its clients.

NymCard operates in the growing embedded finance market, where non-financial companies are increasingly looking to offer financial products to their customers. The platform supports various use cases, including digital banking, expense management, and on-demand delivery services, by providing the necessary tools to create customized payment solutions.

Source: Dealroom company data