Dubai venture capital firm invested $700,000 in fintech company Now Money

Myrisoph Capital, a Dubai-based venture capital firm, has acquired stake in Now Money, a FinTech firm in the Gulf region for $700,000.

Now Money uses mobile banking technology to provide accounts, financial inclusion and low-cost remittance options to low-income migrant workers in the Gulf region. (Headed by Hassan Alhassani and based in Dubai, Myrisoph Capital is established in 2016 and invests in companies all over the world. Daire Gilmore, Samer El Housseini and Sarah Al-Hajali are among its managers). Its total funding round was at $1.46 million with other investors including Middle East women's investor network WAIN.

To see listing and email addresses of investors from Dubai similar to Myrisoph Capital, check the Middle East Investors Directory

More details follows: