NOW Money logo — NOW Money makes money easy, for everyone, every day

NOW Money

NOW Money makes money easy, for everyone, every day

Founded 2016 United Arab Emirates United Arab Emirates 61 employees Unknown Total: $13.31M Financial Services, Fintech +3

General Information

Company Name NOW Money
Founded Year 2016
Location United Arab Emirates United Arab Emirates +1
Employees 61
Industries Financial Services, Fintech, Information Technology +2
Funding Stage Unknown
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About NOW Money

NOW Money, founded in 2016, is a Dubai-based FinTech company operating across the United Arab Emirates, in collaboration with Commercial Bank International and Mastercard. With its slogan "NOW Money makes money easy, for everyone, every day," the company focuses on enhancing financial inclusion through a dual-service approach: providing payroll portals for corporates and digital bank accounts for employees.

The company is committed to demystifying financial services, especially for the GCC’s unbanked population, an initiative spearheaded by co-founders Katharine Budd and Ian Dillon. By improving digital and financial literacy, it aims to elevate the overall well-being and security of its customers.

In terms of investments, NOW Money received a $4.00M Early VC investment in June 2024. Positioned at the intersection of Financial Services, Fintech, Information Technology, Payments, and Banking, the startup offers extensive growth potential in a rapidly evolving market.

Taxonomy: Financial Inclusion, Digital Banking, Payroll Solutions, Mobile Banking Technology, Remittance Solutions, Mobile Wallet, Financial Literacy, Unbanked Population, FinTech, Digital Financial Services, Employee Financial Services, Consumer Financial Well-being, Partnership with CBI and Mastercard, GCC Financial Services, Sustainable Financial Solutions

Services & Products

digital payroll solutions
mobile bank account services
employee financial literacy training

Target Customers

businesses with low-income workers employers seeking payroll solutions employees needing digital banking services

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Early VC $4.00M - 01 Jun 2024
Angel Unknown - 01 Nov 2023
Early VC $7.00M 10 Salica Investments, Accion +1 01 Mar 2021
Series A Unknown - 01 Jul 2020
Series A Unknown 1 01 Jul 2019

View All 7 Funding Rounds

NOW Money Alternatives & Competitors

NOW Money vs
IneMoni
IneMoni Nigeria

Bringing financial services to your doorsteps and ease financial activities for individuals and busi...

3 employees
Finance, Financial Services
NOW Money vs

digital revolution of traditional banks

11-50 employees
Financial Services, Fintech
NOW Money vs
EarnIn
EarnIn United States

Money at the speed of you.

Series C
551 employees
Financial Services, Fintech

FAQ About NOW Money

NOW Money makes money easy, for everyone, every day
NOW Money was founded in 2016.
NOW Money is headquartered in United Arab Emirates.
NOW Money operates in the following industries: Financial Services, Fintech, Information Technology, Payments, Banking.
NOW Money has approximately 61 employees.
NOW Money has completed 7 funding rounds, raising a total of $13.31M. The latest funding stage is Unknown.
NOW Money offers: digital payroll solutions, mobile bank account services, employee financial literacy training.
Top alternatives and competitors to NOW Money include IneMoni, KwikPaisa NEO Bank, EarnIn, Zelle ®, FairMoney. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
NOW Money and IneMoni are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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