NymCard

Abu Dhabi, United Arab Emirates

Gbenga Ajayi,Chuckie Reddy

Omar Onsi is the founder and CEO of NymCard, the payments infrastructure company powering the next generation of financial services across CEMEA.
Founded in 2018, NymCard has grown into the region's leading full-stack issuer processor, serving over 50 clients spanning banks, telcos, governments, and fintechs through nCore, its proprietary platform covering card issuing, processing, embedded finance, and program management on a single stack. Built from the ground up and now redesigned with AI at its core, nCore enables financial institutions to run their payments infrastructure with a speed and efficiency legacy systems cannot match.
NymCard was the first fintech to be regulated by the UAE Central Bank and is a principal member of both Visa and Mastercard, a combination of licenses, rails, and direct distribution no other player in the region holds. Backed by $70M+ in venture funding, NymCard is profitable and expanding nCore across 85+ CEMEA markets, building a category of horizontal payments infrastructure that did not previously exist in the region.
Before NymCard, Omar spent two decades building and scaling technology companies across telecom and communications. He founded NYMGO, MENA's leading consumer VOIP platform, which reached over 3 million users, facilitated billions of international calls, and raised funding from Intel Capital and Abraaj Capital. His first venture, launched in 2002, delivered satellite broadband and low-cost calling to underserved markets across the Middle East and Africa, reaching profitability quickly and operating across three continents.
Omar was recognized as an Endeavor High-Impact Entrepreneur in 2013 and has completed executive programs at Stanford, Harvard, and INSEAD.