NymCard Appoints Srikanth Achanta as Chief Technology Officer
[UAE, 24 March, 2025] – NymCard, the embedded finance platform provider in MENA, has appointed Srikanth Achanta as Chief Technology Officer (CTO) to lead its technology strategy and drive innovation across its API-first payment infrastructure. Srikanth brings deep expertise in fintech, payments, and machine learning, having held senior leadership roles at Klarna, Visable, and Upday, […]
QED Investors Leads $33M Investment in NymCard, Strengthening MENA’s Payments Infrastructure
[UAE, 19 MARCH, 2025] – NymCard, the only embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its latest Series B funding round, led by QED Investors. This marks QED Investors’ most significant investment in the region – and the first time leading a deal in the Gulf Cooperation Council […]
AI-Powered Credit Decisioning: The Future of SME and Consumer Lending in MENA
In the Middle East, the race to harness AI is intensifying. AI is set to add $320 billion to MENA’s economy by 2030, with Saudi Arabia alone contributing $135 billion. With AI adoption growing at 20-34% annually, banks and fintechs are rapidly evolving their lending strategies—leveraging AI to transform credit decisioning and risk assessment.2 AI-driven […]
Faysal Bank and NymCard partner to enable financial innovation in Pakistan
Karachi, Pakistan, March 3, 2025: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, and NymCard, the MENA region’s leading embedded finance provider, have partnered to support financial innovation in Pakistan. Through this strategic collaboration, Faysal Bank and NymCard will provide a Banking-as-a-Service platform to enable fintechs to offer financial services to consumers and […]
Shaping the Future of Embedded Finance: A Q&A with Mario Wehbe, Chief Product Officer at NymCard
As NymCard sets the stage for an ambitious 2025, we caught up with Mario Wehbe, our Chief Product Officer, to discuss how embedded finance is evolving – and how we’re leading that transformation. From AI-driven lending and money movement to redefining the speed and flexibility of financial services, Mario shares how NymCard is pushing the […]
Mobilink Microfinance Bank Partners with NymCard and Dellson Associates for Digital Financial Services
Islamabad, February 21, 2025: Mobilink Microfinance Bank has signed a Memorandum of Understanding (MoU) with NymCard and Dellson Associates to strengthen collaboration in digital financial services. Through this partnership, NymCard will offer its advanced technology platform to enable digital lending solutions including, Buy Now Pay Later (BNPL), Send Now Pay Later (SNPL), and instant card […]
NymCard Partners with Nama United Financing to Power Business Payment Solutions in Saudi Arabia
5th February 2025, Jeddah, KSA: NymCard, the leading payments infrastructure provider in the MENA region, today announced a strategic partnership with Nama United Financing Company, a Saudi Central Bank-licensed fintech innovator offering real estate, production assets, SME, leasing, and consumer finance solutions. Through this collaboration, NymCard will provide comprehensive card issuing and program management services […]
Embedded Finance in MENA: Trends to Watch in 2025
As the leading enabler of embedded finance in MENA, we’ve witnessed firsthand how financial services are becoming increasingly and seamlessly integrated into everyday customer experiences. Globally, the embedded finance market was valued at $82.7 billion in 2023 and is projected to reach $570.9 billion by 2033, growing at a compound annual growth rate (CAGR) of […]
NymCard Partners with AlRayan Bank to Foster Fintech Innovation in Qatar
6th December 2024, Doha, Qatar: NymCard, the trusted embedded finance provider in the MENA region, has announced a strategic partnership with AlRayan Bank, a leading bank in Qatar. This collaboration marks a significant milestone in driving fintech innovation and unlocking new opportunities in Qatar’s financial ecosystem, aligning with Qatar Vision 2030 and the Qatar Central […]
NymCard Achieves PCI DSS 4.0 Compliance in the UAE
We are thrilled to announce that NymCard is now PCI DSS 4.0 compliant, a major milestone in our journey to ensure the highest standards of payment security. This achievement reaffirms our commitment to protecting our clients and their customers by meeting the most stringent security protocols in the industry. What is PCI DSS 4.0?The Payment […]
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