Dubai, UAE – June 12, 2024 – NOW Money, a leading inclusive banking and payroll FinTech company, has successfully closed a $4 million equity round. This investment marks the second round of funding since the company’s acquisition led by Mark Nutter and Nicolas Andine in 2023.
NOW Money is dedicated to providing secure digital banking solutions for low-income workers in the Gulf Cooperation Council (GCC) region. The newly secured funds will be used to scale operations and enhance the company’s technology product offerings.
With the growing demand for accessible and affordable banking services and financial education, NOW Money remains committed to bridging the financial inclusion gap for low-income migrant workers across GCC countries.
“We are thrilled to have secured this investment, which underscores the confidence in NOW Money’s vision and potential positive socio-economic impact,” said Nicolas Andine, CEO of NOW Money. “This funding will be instrumental in accelerating our growth trajectory, fueling innovation, and advancing our mission of financial inclusion.
With the support of our investors, we are poised to make significant strides in expanding our reach and enhancing the accessibility of banking services for low-income individuals in the GCC region.”
Known for its innovative and transparent approach, NOW Money leverages cutting-edge technology to address the financial needs of underserved populations.
The company provides migrant workers with access to essential banking services, including remittances, bill payments, and savings accounts, through a user-friendly mobile application available in multiple languages. Additionally, NOW Money offers in-person financial literacy training to drive safe and secure financial education for the most vulnerable.
“We believe in the transformative potential of NOW Money’s innovative approach to financial inclusion,” said a representative from the undisclosed investor. “We are excited to partner with NOW Money on their journey to empower underserved communities with access to essential financial services. This investment reflects our confidence in NOW Money’s ability to drive positive change and create lasting impact.”
About NOW Money:
NOW Money is a pioneering FinTech company dedicated to providing inclusive banking and payroll solutions for low-income workers in the GCC region.
By utilizing advanced technology, NOW Money aims to improve financial accessibility and education for migrant workers, ensuring secure and user-friendly banking experiences.
