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NymCard

Provider
BaaSCard Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 5 companies across 2 categories.

nymcard.com ↗Also analysed as a company — its own stack →
CategoriesBaaS, Card Issuing
Rank#43 of 227 in Card Issuing
Buyers5 companies
HeadquartersDubai, United Arab Emirates
Founded2018
FoundersOmar Onsi
Raised~$55M+

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Founders & story · from NymCard’s own dossier

Founded in 2018 by Omar Onsi as a card issuing and processing platform for MENA banks and fintechs. Over time NymCard has expanded the nCore platform from card issuing into a full embedded finance suite — adding money movement (Visa Direct), embedded lending/BNPL, open finance, KYC, and SME spend tools. Now operates as the only multi-country embedded finance platform across 10+ MENA markets and Pakistan, licensed by the Central Bank of the UAE.

Latest round: Series B, 2025
Recent developments
  • 2025-03Closed $33M Series B led by QED Investors source ↗
  • 2025-11Partnership with Visa Direct for cross-border transfers across MENAP source ↗
  • 2026-01Strategic agreement with Al Dar Exchange to advance payment innovation in Qatar source ↗
  • 2023-08-01Partnered with Visa to launch issuance platform in UAE source ↗
Full dossier: NymCard’s own stack, layer by layer →
Who uses NymCard
5 companies disclose NymCard in their stack
SpotiiDubaiInstapayAlaanBanque Misr
Buyer mix · 5 of 5 classified
Bank / National · 1Fintech / Lending · 1Fintech / SMB banking · 1Horizontal SaaS / Spend Management · 1Other / City-State & Emirate · 1
MENA · 3APAC · 1Africa · 1
What the disclosures say
Spotii
“NymCard press release: 'This acquisition combines Spotii's leading technology, risk engine and market expertise with NymCard's powerful BaaS and Card Issuing platform'.”
Dubai
“NymCard is a UAE-based card issuing platform (nymcard.com/en-ae/card-issuing) offering virtual, physical, and tokenized cards on Visa, Mastercard, and regional schemes.”
Instapay
“IBS Intelligence publicly lists Instapay as a customer of NymCard at https://ibsintelligence.com/ibsi-news/nymcard-partners-with-instapay-to-support-fintechs-across-mena/. The TNGlobal article confirms Instapay offers an e-wallet and prepaid Mastercard for payroll management.”
View source · ibsintelligence.com ↗
Alaan
“Alaan cards are issued by NymCard Payments Services LLC pursuant to a Visa license.”
Banque Misr
“NymCard press release confirms card-issuing partnership for digital payment solutions including for fintechs using Banque Misr as sponsor.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent NymCard? Claim this profile above to unlock your own full list.
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What NymCard runs on · from its own dossier
The third-party providers NymCard itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose NymCard.
PSP
Mastercard Payment Gateway ServicesVisa DirectMastercard Cross-Border
FX / Payouts
Visa DirectMastercard Cross-BorderFexco Merchant Services
Full dossier with evidence for each layer →
Alternatives to NymCard

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Marqeta66 buyers →Stripe Issuing32 buyers →Enfuce25 buyers →Paymentology23 buyers →Sutton Bank21 buyers →Pliant20 buyers →Galileo19 buyers →i2c17 buyers →
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An embeddable badge for NymCard’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #43 of 227 in Card Issuing — Embedded Finance Index 2026
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NymCard — frequently asked

Which companies use NymCard?

5 companies are linked to NymCard in the Embedded Finance Index 2026, through their own public disclosures or NymCard's published customer list, including Spotii, Dubai, Instapay, Alaan and Banque Misr.

What does NymCard do?

NymCard is an embedded-finance provider in BaaS and Card Issuing. It ranks #43 of 227 Card Issuing providers by linked companies.

What are the alternatives to NymCard?

The most-named Card Issuing alternatives to NymCard are Marqeta (66 buyers), Stripe Issuing (32 buyers), Enfuce (25 buyers), Paymentology (23 buyers), Sutton Bank (21 buyers) and Pliant (20 buyers).

Who founded NymCard?

NymCard was founded by Omar Onsi and is founded in 2018, headquartered in Dubai, United Arab Emirates.

How much funding has NymCard raised?

NymCard has raised ~$55M+ in total.

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