NymCard, the modern cloud-based card issuing and processing platform, today announced that it has relocated its headquarters to Abu Dhabi to support its regional expansion plans. The startup that was founded in Beirut and has been enabling the next generation of payments in the Middle East & North Africa is now operating from ADGM Square in Abu Dhabi.
It was selected to be part of Hub71, a thriving global tech ecosystem located in the heart of Abu Dhabi that brings together key enablers for startups to succeed. Hub71 currently has about 50 startups as part of its growing network.
Omar Onsi, CEO and Founder of NymCard, said, “Abu Dhabi has all the makings of a great fintech ecosystem and we’re very excited to be a part of it. Our headquarters in Abu Dhabi brings us closer to our customers, tech startups, and payment innovators looking for different types of modern payment solutions. We’re very honored to have been selected by Hub71 and are grateful to their team for the support they’ve extended to us for relocating our regional operations to Abu Dhabi.”
The move will also help NymCard to work closely with ADGM’s Financial Services Regulatory Authority as it makes progress towards becoming a fully licensed and regulated fintech, serving the wider MENA region.
The UAE is already home to some of the leading fintechs of the MENA region with multiple established international players also opening their offices in the country. It is also seeing a large number of new fintechs being created by aspiring entrepreneurs to serve individuals and businesses across the Middle East and North Africa.
NymCard is well-positioned through its next generation, innovative platform to work with the regional fintechs, corporates and financial institutions, helping them create and manage their payment programs to create world-class experiences and enable new modes of commerce.