NOW Money
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NOW Money - overview
Established
2016
Location
Dubai, -, United Arab Emirates
Primary Industry
Financial Services
About
Established in 2016 and based in Dubai, UAE, N O W Payment Services Provider LLC, trading under the name NOW Money, operates as a provider of digital payroll and mobile bank service. In June 2024, the firm raised USD 4 million in venture funding from investors. The company was co-founded by Katharine Budd and Ian Dillon. NOW Money offers a suite of services, including a digital payroll system and an inclusive mobile banking app.
Their payroll solution allows employers to process payments, while their mobile banking app provides employees with essential financial services, including access to a NOW Money VISA card. The platform also includes financial literacy training to help employees manage their finances effectively. The company plans to use the June 2024 funding to grow business operations and support product innovation.
Current Investors
Accion, Newid Capital, Myrisoph Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.nowmoney.me
Verticals
Cloud Computing, FinTech, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
NOW Money - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | NOW Money | - | ||||||||
| Unspecified Round | Completed | NOW Money | - | ||||||||
| Unspecified Round | Completed | NOW Money | - | ||||||||
| Series A | Completed | NOW Money | - | ||||||||
| Venture Debt | Completed | NOW Money | - |
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NOW Money - employee data
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