Numa Partners With Visa to Accelerate Expansion Into KSA
This partnership with Visa will allow Numa to expand its offering to current and future customers across different markets.
Visa has teamed up with Jordanian fintech company Numa and made a strategic investment to help Numa's plans to grow into Saudi Arabia and the UAE.
Numa is a Jordanian fintech startup that helps freelancers and small businesses grow in the Middle East and North Africa (MENA). Today, they launched a new partnership with Visa, which is a world leader in digital payments. The "Partner for Growth Agreement" is an investment that will help Numa reach its goal of providing financial services to freelancers and small businesses in key areas like Jordan, the Kingdom of Saudi Arabia (KSA), and the United Arab Emirates (UAE).
Numa offers digital banking solutions like virtual IBANs and prepaid cards that are meant to work with the freelance economy. This partnership with Visa is a big step forward because it lets Numa give more to customers now and in the future in more markets.
Visa's investment in Numa will help more people get access to money and support the MENA independent market, which is expected to grow to $40 billion by 2030.
Visa's global experience in digital payments and Numa's innovative platform are likely to speed up Numa's plans to expand into Saudi Arabia and other countries.