• UAE-based fintech Yuze has raised $30 million in investment led by Osten Investments. 
• Founded in 2022 by Rabih Sfeir, Yuze provides a business account for startups, micro and small businesses in emerging markets to support financial inclusion.
• The new funding is set to fuel Yuze’s expansion into new markets, with a goal of reaching one million SME and professional customers within the next five years.

Source: MEA Tech Watch

Yuze, a UAE-based FinTech company specialising in financial services for SMEs, e-traders, and freelancers, has successfully raised $30 million in a funding round led by Osten Investments. This significant investment is set to fuel Yuze’s expansion into new markets, with a goal of reaching one million SME and professional customers within the next five years.

Yuze offers a comprehensive digital platform that provides business accounts, card programs, and other financial services through strategic partnerships with banks and financial institutions. The new funding will enable the company to extend its services beyond the UAE, addressing the challenges SMEs and independent professionals face in accessing essential financial resources.

Yuze CEO Rabih Sfeir highlighted the importance of the investment, stating, “This funding not only validates our mission but also enhances our ability to expand and improve our offerings. We are committed to breaking down barriers and advancing financial inclusion for SMEs and professionals.”

This funding round marks a pivotal moment in Yuze’s journey, building on previous investments that have solidified its position in the FinTech sector. The support from Osten Investments underscores the potential of Yuze’s business model and its capacity to set new industry standards.