Now Money Secures $700K in Funding

Now Money, a Dubai, United Arab Emirates-based fintech startup, secured $700k in funding.

Backers included Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, and Newid Capital.

The company intends to use the funds to grow the team, develop the technology and brand, launch the service across the United Arab Emirates and expand into the other Gulf Cooperation Council (GCC) countries.

Co-founded by Katharine Budd and Ian Dillon, Now Money uses mobile banking technology to provide accounts, financial inclusion and a range of low-cost remittance options to low-income migrant workers in the Gulf region, as well as access to affordable financial services for everyone.



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