FundedIQ
Financial Services

NOW Money: Funding, Investors & Team (Oct 2026)

NOW Money is a Dubai-based FinTech company that partners with the Commercial Bank of Dubai and VISA to serve customers across the United Arab Emirates. Our primary goal is to promote financial inclusion by providing financial services to both companies and employees. We offer a free payroll portal to companies and a digital bank account to employees. We are dedicated to providing equal access to financial services for everyone, regardless of their background, income level, or earnings. Unlike other companies, we also prioritize improving the digital and financial literacy of our customers to enhance their overall well-being and security. In 2016, our co-founders, Katharine Budd and Ian Dillon, recognized the opportunity to serve the unbanked population in the GCC region by creating a service that simplifies financial transactions for employees, employers, and banks, thereby transforming the broader financial landscape.

nowmoney.me LinkedIn Dubai, United Arab Emirates 51-100 employees
Banking Financial Services FinTech Information Technology Mobile Payments B2B
Total raised
$4.0M
Rounds
2
Latest
Undisclosed round
Jun 2024

NOW Money has raised $4.0M across 2 funding rounds on record, the most recent an undisclosed round of $4.0M announced in Jun 2024.

That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.

NOW Money Company Profile and Key Stats

Total funding raised
$4.0M
across 2 rounds on record
Funding rounds on record
2
1 with no disclosed amount
Latest funding round
Undisclosed round
$4.0M in Jun 2024
Employees
51-100
reported band
Headquarters
Dubai, United Arab Emirates

Latest funding round on record: Jun 2024.

NOW Money Funding Rounds

Date
Round
Amount
Undisclosed round
$4.0M
Undisclosed round
Undisclosed

1 of 2 rounds was announced without a disclosed amount and is excluded from the total.

NOW Money announced an undisclosed round in Nov 2023; the amount was not disclosed.

7 months later, an undisclosed round of $4.0M was announced in Jun 2024.

NOW Money Founders and Leadership Team

Name
Role
Contact
Katharine Budd
Founder
Locked

Contact details for the NOW Money team: 1 of 1 has an email address on file.

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NOW Money Funding Compared to Other Financial Services Startups

Segment
Companies
Median round

NOW Money's latest round of $4.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like NOW Money in Financial Services and Dubai

Companies Similar to NOW Money

NOW Money Funding FAQs

What does NOW Money do?

NOW Money is a Dubai-based FinTech company that partners with the Commercial Bank of Dubai and VISA to serve customers across the United Arab Emirates. Our primary goal is to promote financial inclusion by providing financial services to both companies and employees. We offer a free payroll portal to companies and a digital bank account to employees. We are dedicated to providing equal access to financial services for everyone, regardless of their background, income level, or earnings. Unlike other companies, we also prioritize improving the digital and financial literacy of our customers to enhance their overall well-being and security. In 2016, our co-founders, Katharine Budd and Ian Dillon, recognized the opportunity to serve the unbanked population in the GCC region by creating a service that simplifies financial transactions for employees, employers, and banks, thereby transforming the broader financial landscape.

How much funding has NOW Money raised?

NOW Money has raised $4.0M across 2 rounds on record. The most recent is an undisclosed round of $4.0M announced in Jun 2024.

When did NOW Money last raise funding?

NOW Money's most recent funding round on record is an undisclosed round of $4.0M, announced in Jun 2024.

Who founded NOW Money?

FundedIQ lists Katharine Budd (Founder) at NOW Money.

Where is NOW Money headquartered?

NOW Money is based in Dubai, United Arab Emirates.

How many employees does NOW Money have?

NOW Money is in the 51-100 employee band.

How does NOW Money's funding compare to other Financial Services startups?

NOW Money's latest round of $4.0M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.

About FundedIQ's NOW Money Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for NOW Money is left off this page rather than filled in.

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