•  Successful Equity Investment Round: Dubai-based NOW Money has completed a $4 million equity investment round, marking its second funding event since being acquired by Mark Nutter and Nicolas Andine in 2023.

•  Focus on Low-Income Workers: NOW Money in providing secure digital banking solutions specifically tailored for low-income and migrant workers in the Gulf Cooperation Council (GCC) region, offering accessible financial services to those who often lack basic banking facilities.

•  Expansion and Technological Enhancement: The newly secured funds are allocated for expanding operations and boosting NOW Money’s technological capabilities.

Dubai-based NOW Money, a banking and payroll FinTech, has successfully closed a $4 million equity investment round, according to the company.

This marks the company’s second funding round since its acquisition by Mark Nutter and Nicolas Andine in 2023. The investment was spearheaded by undisclosed investors who have demonstrated strong confidence in NOW Money‘s mission and strategic direction.

NOW Money specializes in providing secure digital banking solutions focused on low-income workers in the Gulf Cooperation Council (GCC) region.

Services are tailored to offer accessible financial amenities to migrant workers who often lack basic banking facilities.

The recently secured funds are designated for expanding operations and boosting the technological capabilities of NOW Money’s service offerings. As part of their growth strategy, the company plans to deepen market penetration and enhance the functionality and accessibility of their mobile banking app.

CEO Nicolas Andine expressed excitement over the investment, emphasizing that it reflects confidence in NOW Money’s vision and its potential for positive socio-economic impact. He noted that the funding will play a crucial role in accelerating the company’s growth, driving innovation, and advancing their mission.