Dubai

Nymcard Acquires BNPL Platform Spotii to Offer Solutions for Banks and Financial Institutions

NymCard, a Dubai based payments infrastructure provider, has completed the acquisition of Spotii, a prominent Buy Now Pay Later (BNPL) Fintech operating in key markets including KSA, UAE, and Bahrain.

This strategic move positions NymCard to offer its financial services client base a fully customisable BNPL product tailored to their specific needs and local markets. The acquisition marks a significant milestone in democratizing BNPL services in the region.

Spotii was originally established as a direct-to-consumer BNPL service with a base of over 1 million registered customers and over 1,500 merchant partners. This acquisition combines Spotii’s technology, risk engine and market expertise with NymCard’s BaaS and Card Issuing platform.

Omar Onsi

“Spotii significantly expands the range of BaaS products and services available to NymCard clients, greatly reducing barriers to launch new innovative products. We are thrilled to offer a comprehensive BNPL solution that can be tailored to meet the requirements of banks, financial institutions, retailers, FinTech companies and most importantly, their end customers. This acquisition aligns with our mission to deliver innovative and accessible payment solutions to businesses across the MENA region and beyond.”

shared Omar Onsi, CEO & Founder of NymCard.

With enhanced payment solutions, a unified technology stack, improved data analytics capabilities, and an expanded geographic reach, NymCard and Spotii can deliver a suite of payment and financial solutions, attracting a broader customer base and fostering stronger partner relationships.