NymCard, a fintech platform operating in over 10 countries in the MENA region, has raised US$33 million in its series B funding round.

The investment was led by QED Investors, marking the firm’s first major funding activity in the Gulf region.

Existing investors such as Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, FJLabs, and Endeavor also participated in this funding round.

New investors included Oraseya Capital and Shorooq Partners, a prominent regional investment institution.

The company plans to use the funding to expand its presence in MENA markets and improve its payment infrastructure solutions.