Yuze Secures $30 Million Investment for Regional Expansion
The investment will support Yuze’s expansion into new markets.
UAE-based FinTech company Yuze has raised $30 million in a funding round led by Osten Investments. The investment will support Yuze’s expansion into new markets, with the company aiming to serve one million SME and professional customers within the next five years.[1]
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Yuze offers a digital platform that provides business accounts, card programs, and other financial services, working with banks and financial institutions to meet the needs of SMEs, e-traders, and freelancers.
Founded in 2022 by Rabih Sfeir, Yuze focuses on financial inclusion for startups and small businesses in emerging markets.
Fintech is poised to become a significant contributor to the well-being of citizens in the GCC region by 2030, with analysts from UnaFinancial projecting substantial gains.
According to their assessment, the UAE will lead the pack, with fintech expected to contribute $915.6 per capita to the country's GDP by 2030, marking a 44% increase from 2022.