NOW Money Secures $4 Million for Expansion
NOW Money was established in 2015 by Ian Dillon and Katharine Budd.
Dubai-based fintech company NOW Money has concluded a $4 million equity round. This marks the second round of funding since the company's acquisition in 2023 by Mark Nutter and Nicolas Andine.[1]
NOW Money focuses on providing secure digital banking solutions for low-income workers in the Gulf Cooperation Council (GCC) region. The newly acquired funds will be used to scale operations and enhance the company's technology offerings.
Its services include remittances, bill payments, and savings accounts, accessible through a mobile application available in multiple languages. Additionally, NOW Money offers in-person financial literacy training to promote secure financial education among the region's most vulnerable populations.
NOW Money was established in 2015 by Ian Dillon and Katharine Budd.
In 2023, NOW Money raised an undisclosed financing round led by Dubai-based entrepreneurs Mark Nutter and Nicolas Andine.
