NymCard Company Research Report

Company Overview

Name:

NymCard

Mission:

NymCard aims to lead the payments ecosystem across MENA & Pakistan by delivering scalable, innovative solutions that empower businesses to thrive in a dynamic financial landscape.

Founded:

NymCard was founded in 2018 by Omar Onsi.

Key People:

Omar Onsi - CEO

Samer Meqdad - CTO

Shiraz Ali - Chief Business Officer

Mario Wehbe - Chief Product Officer

Wojciech Soltysiak - Chief Technology Officer

Nikolai Tsipas - Chief Finance Officer

Chafica Salaam - Chief Operating Officer

Sipra Thomas - Chief Compliance Officer

Kasia Pietr - Chief of Staff

Lee Blair - VP of Delivery

Amit Amin - VP of Embedded Lending

Umar Balal - VP of People

Ihsan Al Hayek - SVP - SME & Corporate Business

Nabil Tabbara - SVP - KSA, Qatar, and Oman

Abraham Agopian - Finance Director

Additional directors and SVPs for various regions and departments.

Headquarters:

Office #2703, Al Salam Tecom Tower, Sheikh Zayed Rd, Al Sufouh, P.O. Box 451240, Dubai, United Arab Emirates

Number of Employees:

No specific number provided, but the data mentions more than 0 engineers and offices in multiple locations.

Revenue:

No information is available.

Known For:

NymCard is known for modernizing payments in the MENA region by enabling banks, fintechs, and businesses to issue cards, enable lending, and manage money movement—all through a single, API-driven platform.

Products

Overview:

NymCard provides a fully integrated modular suite with AI-driven financial tools for real-time payment processing and payment API integration.

Key Products and Features:

Card Issuing:

Offers white label prepaid, debit, and credit cards with virtual, physical, and tokenized options.

Embedded Lending:

Provides solutions for different business models, including Buy Now Pay Later (BNPL), SME lending, and more. It features AI-powered credit risk modeling for flexible credit solutions.

Money Movement:

Facilitates domestic and cross-border payments with real-time processing and FX integration to support international remittances, supplier payments, and payroll across borders.

APIs and SDKs:

Offers comprehensive APIs and SDKs for customization, as well as low-code and no-code tools for easy integration and deployment.

Network Integration:

Connects seamlessly to cards, accounts, and wallets across global and regional networks with partnerships including Mastercard, Visa, MADA, Mercury, Jaywan, and Meeza.

Recent Developments

Recent Partnerships and Expansions:

February 5, 2025: Partnered with Nama United Financing to enhance business payment solutions in Saudi Arabia.

December 6, 2024: Formed a partnership with AlRayan Bank to foster fintech innovation in Qatar.

September 11, 2024: Announced a new cross-border partnership with Mastercard.

August 28, 2024: Expanded its presence in MENA by opening a new office in Qatar.

July 11, 2024: Partnered with Dubai Islamic Bank & ChargeUp to launch a corporate expense card in Pakistan.

Compliance and Achievements:

October 7, 2024: Achieved PCI DSS 4.0 Compliance in the UAE.

August 21, 2024: Surpassed the issuance of 1,000 APIs.

No New Products Launch:

No information is available about any new product launches beyond the services and partnerships mentioned.

Additional New Features:

No specific new features added to existing products are detailed separately from the overall product offerings.

New Partnerships:

Various new partnerships are documented as recently established, illustrating their expanding influence and operational footprint in the MENA region and beyond.

Conclusion

NymCard has positioned itself as a key player in the financial services technology sector within the MENA region, focusing on card issuing, lending solutions, and money movement through pioneering API-driven platforms and strategic partnerships. The company continues to expand its influence with new regional offices, partnerships, and compliance achievements contributing to its growth strategy and market presence.