QED Investors led a $33m Series B funding round in NymCard.

QED Investors, a venture capital firm, led a $33m Series B funding round in NymCard, a MENA-focused embedded finance platform, with participation from Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, FJLabs, Shorooq, Endeavor, and Oraseya Capital. “This investment is a testament to the strength of our technology and our commitment to enabling financial innovation in MENA. With the backing of our investors, we will continue pushing the boundaries of payments and embedded finance, ensuring our clients have access to best-in-class payment infrastructure solutions backed up by solid program management capabilities. We are especially excited to welcome QED Investors on this journey, given their unrivaled experience in fintech across multiple geographies. Their expertise will be invaluable as we further expand our impact in the region,” Omar Onsi, NymCard CEO.