The Finance World Magazine| Edition: April 2023

NymCard
NymCard is a FinTech startup
that was founded in 2018
by Ayman Chalhoub and
Omar Onsi. The company is
headquartered in Abu Dhabi and currently
employs between 11-50 staff members.
NymCard has developed an innovative
solution that provides businesses with
the building blocks they need for their
card-issuance projects. The platform
allows businesses to issue digital-first
bank cards and other payment solutions,
helping to streamline the card-issuance
process and improve efficiency. Since
its inception, NymCard has garnered
significant interest from investors,
resulting in several successful funding
rounds. In June 2022, the company
raised $22.5M in its most recent funding
round, signaling investors’ confidence
in its vision and potential for growth.
Tarabut Gateway
Tarabut Gateway is a dynamic
UAE startup that was founded
in 2018 by Abdulla Almoayed.
The company is based in Dubai
and currently employs between 51-100
staff members. As an innovative FinTech
company, Tarabut Gateway uses a range
of open-banking APIs to help banks and
other financial institutions process the
flow of money and information securely
and quickly. By providing cuttingedge
solutions to streamline financial
services, Tarabut Gateway is one of the
fintechs driving the industry forward
and bringing it into the modern world.
Since its founding, Tarabut Gateway
has secured significant startup funding,
with the total raised by the company
currently standing at $25M.
Ziina
Ziina is a small yet innovative
company with a team size of
1-10 people. It was founded by
three individuals: Andrew Gold,
Faisal Toukan, and Sarah Toukan. The
company’s headquarters are located in
Dubai, United Arab Emirates, where
they have been actively operating in
the fintech market since 2020. Ziina’s
main focus is on creating a social
P2P payment solution. The company
also offers payment solutions for
businesses to make it easier for them
to send and receive payments. Their
services are user-friendly, making it
easy for users to manage their finances
and transactions. Since its inception,
Ziina has been able to attract funding
from a number of investors. In total,
the company has raised $8.5M, which
it has used to improve its growth and
development. Like other promising
startups, the company is poised to make
a significant impact on the FinTech
industry in the UAE and beyond.
Qashio
Qashio is a FinTech startup that
was founded in 2021 by Armin
Moradi and Jonathon Lau. The
company is based in Dubai,
and has a team of 11-50 employees.
Qashio specializes in providing virtual
and physical corporate cards, expense
management solutions, and complete
spending tracking for businesses in
the Middle East. Since its inception,
Qashio has gone through several funding
rounds, and to date, the company has
raised a total of $12.5M in funding.
The most recent funding round was
a seed round, which raised $10M in
November 2022. The company tries
to simplify financial management for
businesses in the Middle East. With its
innovative solutions and commitment
to customer satisfaction, it is poised to
become one of the major players in the
FinTech industry in the years to come.
April 2023 www.thefinanceworld.com 17