NymCard, a cloud-based card issuing and processing platform that was based in Beirut in 2018 has relocated its headquarters to Abu Dhabi, it introduced in a press release to MENAbytes, saying that transfer is aimed to help its regional enlargement plans.
The startup that enables monetary establishments, banks, and fintechs to construct digital card packages for his or her clients, will proceed to function its Beirut workplace to serve their shoppers in Levant.
Omar Onsi, the founder and CEO of NymCard in a press release, stated, “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,” he added.
NymCard in a press release stated that the relocation to Abu Dhabi will even assist it work carefully with ADGM’s Monetary Companies Regulatory Authority because it goals to grow to be a totally licensed and controlled fintech, serving your entire area.
Omar, in a dialog with MENAbytes additionally defined that the relocation to Abu Dhabi was primarily pushed by their intent to raised serve the broader Center East & Africa area from a regional hub that mixes many components, at present not current in Lebanon.
“Over the past years, ADGM has succeeded in creating the right environment for Fintechs to thrive and succeed. That includes: advanced infrastructure, world-class incubators, and accelerators like Hub71, local and global VCs all supervised by a progressive regulator like FSRA and Abu Dhabi authorities.” stated the corporate’s CEO.
Zubair Naeem Paracha
Founder at MENAbytes
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