# NymCard

NymCard is an Asset Manager based in Dubai, United Arab Emirates.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dubai, United Arab Emirates
- **Region:** Middle East
- **Address:** Dubai, UAE
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.nymcard.com
- **LinkedIn:** https://www.linkedin.com/company/nymcard/about

## Regulatory record

- **Reports private funds:** No

## About

MENA’s #1 provider for card issuing, payment processing & embedded finance. 1,000+ APIs, modular solutions, Visa & Mastercard partnerships—Also in Pakistan.

## Sectors

- FinTech
- Enterprise Software

## Offices

- Riyadh, KSA
- Beirut, Lebanon
- Cairo, Egypt
- Karachi, Pakistan
- Lisbon, Portugal

## People

- Omar Onsi — CEO
- Shiraz Ali — Chief Business Officer
- Mario Wehbe — Chief Product Officer
- Nikolai Tsipas — Chief Finance Officer
- Srikanth Achanta — Chief Technology Officer
- Rula Abu Saif — Chief Compliance & Risk Officer
- Lee Blair — SVP Operations & Delivery
- Umar Balal — VP of People

## Questions

### Who runs investment decisions at NymCard?

NymCard operates as a product and infrastructure company, not a fund. Product, commercial, and strategic decisions sit with CEO Omar Onsi and the eight-person senior leadership team. The firm is venture-backed; details on its board and investment committee structure are not publicly disclosed.

### Does NymCard participate in fund commitments or only direct deals?

NymCard does not appear to allocate capital to external funds or make direct venture investments. It functions as a technology vendor, striking commercial partnership agreements with banks, fintechs, and spend-management platforms. Its prior announcements with Qashio, Apaya, and Al Dar Exchange are bilateral commercial integrations, not investment transactions.

### What investment stages does NymCard typically target?

NymCard does not invest in companies. It serves as a payment-rail provider to clients that range from early-stage fintechs to established banks and exchange houses. Its February 2026 agreement with Al Dar Exchange demonstrates engagement with mature financial institutions alongside startup platforms like Pluto and Zywa.

### How does NymCard source proprietary deal flow?

NymCard sources commercial partnerships through direct enterprise sales in its six-country footprint, supported by local teams in each market. Its certification as a UAE-regulated processor with direct Visa and Mastercard connections creates in-bound demand from fintechs seeking scheme-compliant issuance without building standalone compliance infrastructure.

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- [Open Lending](https://altss.com/profile/open-lending)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/nymcard

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