Tech Company Financing Transactions
YAP Bank Funding Round
YAP Bank, operating out of Downtown Dubai, secured $41 million in funding from private investors.
Transaction Overview
Company Name
Announced On
7/4/2022
Transaction Type
Venture Equity
Amount
$41,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company reportedly plans to use these funds to grow its business, expanding its footprint into Saudi Arabia, Egypt, Pakistan and Ghana, according to CEO and co-founder Marwan Hachem.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Boulevard Plaza Tower 1, 3102
Downtown Dubai, Undisclosed
UAE
Downtown Dubai, Undisclosed
UAE
Phone
Website
Email Address
Overview
YAP is PAY backwards -- and that's what we're here to simplify. Working with RAKBANK, we created a digital banking app that gives everyone financial control. The idea for YAP came to life when a group of like-minded individuals were having dinner and realized how difficult it was to perform a simple online transaction or transfer money digitally -- especially for people who depend on them.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Marwan Hachem
Chief Technical Officer
Dominic Baillie
Co-Founder
Anas Zaidan
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