Founders: Omar Onsi
The Middle East’s 50 Most-Funded Startups
Rank: #20
NymCard
Country: U.A.E.
Funding: $12 million
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
Founded In: 2018
Modern cloud-based card issuing and processing platform
NymCard is a payment issuer and processor platform that provides physical, virtual, or tokenized cards for financial institutions, banks, and Fintechs. The startup was founded in Beirut and has an office in London, but in June 2020, it announced that it was relocating its headquarters to the U.A.E. to support its regional expansion plans. NymCard has partnerships with Visa and Mastercard. In October 2019, NymCard and INC Iraq, in collaboration with Visa, launched digital-only payment card Neo in Iraq. Omar Onsi previously founded Nymgo S.A.