# NOW Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/now-money

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.nowmoney.me
- Total disclosed funding: $0.7M
- Latest round: Series A (Jul 1, 2020)
- Investors on record: 4

## 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.

## Funding rounds

- Series A, Jul 1, 2020 — Dubai International Financial Centre Authority, Anthemis
- Seed, Aug 22, 2017, $0.7M — Accion, Newid Capital

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Newid Capital (https://capitalatlas.ai/funds/newid-capital) — Seed
- Dubai International Financial Centre Authority — Series A
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series A