Overview of Transaction

• On March 19, 2025, NymCard, a leading embedded finance player in the MENA region, announced it has secured a $33 million Series B investment led by QED Investors (“QED"), one of the leading venture capital firms in the FinTech space, marking their most significant investment in the region
• Oraseya Capital, a prominent UAE-based VC fund investing in leading local players, also joined the round alongside existing investors Dubai Future District Fund, Endeavor Catalyst, FJ Labs, Knollwood, Lunate, Mashreq, Reciprocal Ventures, and Shorooq

Significance of Transaction

• NymCard is on a mission to disrupt a $3.8 trillion payment market across MENA where incumbents still heavily rely on legacy infrastructure, and where Government initiatives are focused on accelerating the movement away from cash and progressing digital transformation (particularly of SMEs)
• NymCard is the only embedded finance platform in MENA with a full-stack, API-first payment infrastructure empowering banks, FinTech companies, enterprises, and telecom providers to better serve their customers
• Operating across 10+ countries, NymCard enables seamless card issuance, transaction processing, digital lending, and real-time money movement through its proprietary nCore platform
• With this investment, NymCard is deepening its presence across 10+ markets in MENA, and continues to leapfrog payment innovations

FT Partners' Role

• FT Partners served as the exclusive financial and strategic advisor to NymCard
• The transaction reinforces FT Partners’ expanding presence in the Middle East, a key region for the future growth of FinTech, while also marking a significant investment for QED Investors in the region
• The transaction also underscores FT Partners’ deep domain expertise in the Embedded Finance space, as well as its successful track record advising innovative FinTech companies around the world