Tuesday, July 5, 2022

Dubai-based digital bank YAP has raised $41M as part of a Series A, and says it plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana (Alexander Cornwell/Reuters)

Alexander Cornwell / Reuters:
Dubai-based digital bank YAP has raised $41M as part of a Series A, and says it plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana  —  YAP, a digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding and targeted raising another roughly $20 million to finance its expansion plans.



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Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was "north of $400M", up from $20M a year ago, and it is set to hit $1B ARR by 2026-end (Financial Times)

Financial Times : Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was “north of $400M”, up from $20M a year ...