Yuze, a United Arab Emirates-based fintech company focused on small and medium-sized businesses, has raised $30 million in a funding round led by Osten Investments.
According to Finextra Research, the investment is aimed at propelling the company into new markets.
Yuze specializes in digital platforms for small and medium-sized businesses, e-commerce merchants and freelancers, and offers a range of financial services, including business account and card programs offered through strategic partnerships with banks and other financial institutions.
With the new funding, Yuze plans to expand its reach beyond the UAE to target one million SMEs and professional clients within the next five years. The company is focused on breaking down the barriers that SMEs and independent professionals face in accessing essential financial services.
According to further information in the press release, Yuze is committed to driving financial inclusion and setting new standards within the industry. The investment from Osten Investments not only highlights the potential of Yuze’s business model but also strengthens its service offering and ability to achieve its ambitious growth targets.
Commenting on the funding, Rabih Sfair, CEO of Usee, said: “This investment not only validates our mission but also strengthens our ability to expand our operations and improve our services beyond the UAE. Our goal is to remove the barriers that SMEs and independent professionals face in accessing financial services, and we are making great strides towards that goal. We are working to set new industry standards and drive financial inclusion for all.”
This latest funding round marks a major step for Yuze, following previous investments that helped it establish a foothold in the fintech space.
Check out the latest FinTech news here
Copyright © 2024 Fintech Global
Investors
This article is tagged with the following investors: