- Yuze raised $30 million in a funding round led by Osten Investments, marking a key milestone in its growth.
- Founded in 2022 by Rabih Sfeir, Yuze focuses on financial inclusion for startups, micro-businesses, and small enterprises in emerging markets.
- Yuze offers tailored business accounts and financial services to SMEs, freelancers, and e-traders through a digital platform and strategic partnerships.
August 16, 2024: UAE-based fintech Yuze has successfully raised $30 million in a funding round led by Osten Investments. This significant capital injection marks a key milestone in Yuze’s growth journey and positions the company to accelerate its market expansion.
Yuze was founded in 2022 by Rabih Sfeir. It aims to support financial inclusion for startups, micro-businesses, and small enterprises in emerging markets.
Financial Inclusion for SMEs and Professionals
Yuze operates with a focus on providing business accounts and financial services tailored for small businesses, freelancers, and e-traders.
By offering a comprehensive digital platform, the company addresses the needs of SMEs and independent professionals who often struggle to access essential financial tools.
Through strategic partnerships with banks and financial institutions, Yuze delivers business accounts, card programs, and other key financial services.
Ambitious Growth Plans
The new funding will allow Yuze to expand its services beyond the UAE, with the goal of reaching one million SME and professional customers within the next five years.
The company’s focus on addressing the financial challenges faced by smaller enterprises aligns with its broader mission of advancing financial inclusion. With the additional resources from Osten Investments, Yuze is now better equipped to extend its impact across new markets, driving growth and innovation.
Commitment to Innovation and Expansion
Rabih Sfeir, CEO of Yuze, emphasized the importance of this investment in scaling the company’s offerings.
He stated, “This funding not only validates our mission but also enhances our ability to expand and improve our services. We remain committed to breaking down barriers and empowering small businesses and professionals to thrive financially.”
Industry Recognition and Future Outlook
Yuze’s successful funding round reflects the confidence investors have in the company’s business model and growth potential. The support from Osten Investments underscores the strategic value of Yuze’s approach to fintech solutions and its capacity to set new standards in the industry.
As Yuze continues its expansion, the company remains focused on its mission to foster financial inclusion and deliver innovative solutions for its growing customer base.
Follow us on Instagram, LinkedIn, and Twitter for startup & business news and inspiring stories of MENA businesses, entrepreneurs, startups, innovators, investors, and change-makers.
To report any issue or error in the story, please email us editor [at] rasmal [dot] com.
Last Updated on August 16, 2024 by Safiya K
