NymCard

Lead: QED Investors

Investors: Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Shorooq

Lead: Mashreq

Investors: Mashreq

Labelled "strategic" by the source. Mashreq took an undisclosed stake via its fintech venture fund; 'terms for the deal were not disclosed' (Wamda). Newsroom page carries a placeholder date (1 January); press coverage is 2022-02-24. Possibly folded into the June 2022 venture round — the company did not say. Also: https://www.wamda.com/2022/02/mashreq-bank-invests-nymcard https://www.thenationalnews.com/business/technology/2022/02/24/mashreq-buys-stake-in-nymcard-to-support-uaes-fintech-sector/ Confidence: confirmed (round 13, NymCard newsroom).

Lead: DisruptAD

Investors: Reciprocal Ventures

Lead: Shorooq Partners

Investors: Shorooq Partners, OTF Jasoor Ventures, VentureSouq

Company release states the round 'brought total raised to $12 million to date'. Press coverage (Wamda) is dated 2021-01-31; the newsroom page shows 2021-05-03, which appears to be a site-migration date, so the Wamda date is used. OTF Jasoor Ventures = Oman Technology Fund's Jasoor programme. Also: https://www.wamda.com/2021/01/nymcard-raises-7-6-million-series https://jawlah.co/en/14312 https://www.crowdfundinsider.com/2021/02/171875-uaes-baas-fintech-nymcard-secures-7-6m-in-capital-via-series-a-to-accelerate-its-expansion-efforts/ Confidence: confirmed (round 13, NymCard newsroom).