INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 33
Here are the venture funding activities we tracked in the Middle East and African region this week – including, Yuze, MealPlanet, Kem, Open Access Energy and Kredete.
- Yuze Secures $30 Million to Empower Small Businesses
- MealPlanet Secures $6 Million in Seed Funding to Transform Meal Plan Delivery in the Middle East
- Kem Secures $3M Investment from Tether to Boost P2P Payments in Kuwait
- Open Access Energy Raises $750K to Advance South Africa's Clean Energy Transition
- Kredete Secures Undisclosed Funding to Boost Financial Inclusion for African Immigrants
Yuze Secures $30 Million to Empower Small Businesses
UAE-based fintech startup Yuze has raised a substantial $30 million in a funding round led by Osten Investments.
The company, founded in 2022 by Rabih Sfeir, is on a mission to revolutionize financial services for small and medium-sized enterprises (SMEs) in emerging markets.
Yuze does this by offering a comprehensive digital platform that provides essential financial tools, including business accounts and card programs. By partnering with banks and financial institutions, the company aims to simplify financial management for SMEs, e-traders, and freelancers.
With this fresh injection of capital, Yuze plans to accelerate its expansion into new markets and reach a milestone of one million SME and professional customers within the next five years. This growth strategy is fueled by the increasing demand for accessible and efficient financial solutions among small businesses in the region.
As Yuze continues to expand its footprint, the company is poised to become a leading player in the fintech industry, driving financial inclusion and supporting the growth of SMEs in emerging markets.
