UAE's Yuze secures $30 Million to drive growth in emerging markets

Aug 19, 2024

UAE-based fintech company Yuze has successfully raised $30 million in a funding round led by Osten Investments. Founded in 2022 by Rabih Sfeir, Yuze is on a mission to revolutionize financial services for startups, small businesses, and freelancers across emerging markets.

The investment marks a significant milestone for Yuze, which has quickly established itself as a leading provider of digital business accounts and card programs. Through strategic partnerships with banks and financial institutions, Yuze offers a comprehensive suite of financial services tailored to the unique needs of SMEs and professionals.

"This funding not only validates our mission but also enhances our ability to expand and improve our offerings," said Rabih Sfeir, CEO of Yuze. "We are dedicated to overcoming barriers and advancing financial inclusion for SMEs and professionals."

The newly secured funding will be instrumental in accelerating Yuze's expansion into new territories, with an ambitious goal of reaching one million SME and professional customers over the next five years. This strategic growth will enable Yuze to continue delivering innovative financial solutions that address the evolving needs of businesses in underbanked regions.

With this investment, Yuze is well-positioned to further its impact on financial inclusion, ensuring that more businesses and entrepreneurs have access to the tools and resources they need to succeed. As Yuze expands its footprint, the company remains committed to driving positive change in the financial landscape of emerging markets.

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