Now Money, a company which provides mobile banking technology to low-income migrant workers, has raised $1.46m in a bridge funding round.
The Gulf-based company has received money from investors including Myrisoph Capital and women’s investor network WAIN, which aims to build a network of women investors who support women entrepreneurs in the Arab world.
The company said it aims to provide access to affordable financial services to everyone.
Now Money co-founder Ian Dillon said, “we’ve been working with Myrisoph since the beginning of 2017, and what struck us about the company was their extensive knowledge and understanding of the Gulf region and their unparalleled expertise and connections within financial services here.”
The company was recently one of two entrants into the Central Bank of Bahrain’s regulatory sandbox
Copyright FinTech Global 2017
