Fintech Company YAP Raises USD 41 Mn Funding

YAP, a fintech company revolutionizing the digital banking experience in the Middle East, Africa, and South Asia, has announced that it had raised USD 41 Mn to fund its operations and growth. The investment comes from Saudi Arabia’s Aljazira Capital alongside notable investments from Abu Dawood Group, Astra Group, and Audacia Capital.

YAP offers a simple digital user interface that provides a complete view of a consumer’s spending analytics, easy ways to transfer money and pay bills, and real-time notifications of purchases, withdrawals, and transfers. YAP’s product development pipeline includes a new multi-currency offering, products for children and households, equity trading, loans and buy now pay later through the YAP Store, the YAP Financial Marketplace, and the YAP Hub.