Money
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- Yuze, a UAE-based FinTech serving SMEs, has secured $30 million in funding, with the round led by Osten Investments.
- The funds will support Yuze’s growth beyond the UAE, with a goal to reach one million SMEs and professionals within five years.
- CEO Rabih Sfeir emphasizes that the investment validates Yuze’s mission to break down barriers for SMEs and independent professionals in accessing financial services.
UAE-based FinTech Yuze, focused on delivering financial services to small and medium-sized enterprises (SMEs), has raised $30 million in a recent funding round led by Osten Investments, according to Finextra.
Yuze’s platform, which offers business accounts and card programs, is designed to meet the needs of SMEs, e-traders, and freelancers, leveraging partnerships with banks and financial institutions to provide essential financial tools.
The newly secured $30 million will drive Yuze’s expansion beyond the UAE, with the company aiming to reach one million SMEs and professionals over the next five years.
CEO Rabih Sfeir stated,“This investment not only validates our mission but also enhances our ability to expand beyond the UAE and improve our offerings.
“Our goal is to remove the barriers that SMEs and independent professionals face in accessing financial services, and we are making significant progress towards that. We are working towards setting new industry standards and advancing financial inclusion for all.”With this latest investment, Yuze is well-positioned to further its mission of setting new industry benchmarks and expanding its footprint in new markets.
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