https://www.chivas.com/the-venture/finalists/people/gul-now-money
NOW Money uses mobile technology to provide accounts and a range of low-cost remittance options to low-income migrant workers in the GCC. These workers work long hours in poor conditions to send money home to support their families. However they are disallowed from opening bank accounts and are excluded from the financial system. NOW Money’s smartphone based solution will improve their lives, save them significant money, and give far greater financial inclusion across the region.
NOW Money operates as a platform for customers to access multiple online exchange houses, and they can then pick their preferred one based on the rate each is offering. The app can also be used to top-up prepaid mobile credit and pay utility bills, meaning users benefit from the same "anytime, anywhere" transaction options wealthier customers are used to. Users also have visibility of their current balance and all transactions.
Additionally, users are given a debit card which can be used at the ATM, for online payments, or for swipes at the cash register.
Location: United States, Maryland, Baltimore
Phone: +971 800 66966639
Total raised: $7.7M
Founded date: 2016
Investors 1
| Date | Name | Website |
| 23.06.2021 | Anthemis G... | anthemis.c... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 29.03.2021 | - | $7M | Anthemis G... |
| 24.08.2017 | - | $700K | - |
Mentions in press and media 10
| Date | Title | Description | Source |
| 06.11.2023 | Deals in brief: Radiant1 secures pre-Series A funding, multi... | Monk’s Hill Ventures leads Radiant1’s pre-Series A round Radiant1, a Singapore-based hotel managemen... | kr-asia.co... |
| 03.11.2021 | Top 10 Fintech Startups in UAE | Fintech companies are making the financial system a whole lot easier and faster. According to Invest... | vcbay.news... |
| 30.03.2021 | Dubai’s NOW Money raises $7M in fresh funds | Dubai: NOW Money, the digital banking solution platform for low-income migrant workers, has secured ... | incubees.c... |
| 29.03.2021 | UAE Bank Account Service NOW Money Raises $7 Million Through... | NOW Money, a UAE-based digital account service, announced on Monday it raised $7 million through its... | crowdfundi... |
| 29.03.2021 | Now Money Secures $7M in Funding | NOW Money, a Dubai, UAE-based fintech company, secured $7m in funding. The round was led by Anthemis... | finsmes.co... |
| 07.09.2017 | Term Sheet — Thursday, September 7 | SPORTS TALK Good morning, Term Sheet readers. Paid Content What you need to know about growing cyber... | fortune.co... |
| 24.08.2017 | UAE Startup NOW Money Raises US$700,000 From Accion Venture ... | August 24, 2017 3 min read You're reading Entrepreneur Middle East, an international franchise of En... | entreprene... |
| 23.08.2017 | NOW Money Raises $700K from Accion Venture Lab | NOW Money has secured an investment of $700,000 from two U.S. based venture capital investors – Acci... | archive.ci... |
| 23.08.2017 | NOW Money Raises $700K from Accion Venture Lab | NOW Money has secured an investment of $700,000 from two U.S. based venture capital investors – Acci... | citybizlis... |
| 22.08.2017 | Now Money Secures $700K in Funding | Now Money, a Dubai, United Arab Emirates-based fintech startup, secured $700k in funding. Backers in... | finsmes.co... |