The Saudi app Yasmina has raised $2 million in a seed funding round. The investment was led by Sen Holding and Access Bridge Ventures, with support from Arzan and 500 MENA.
The new money will help Yasmina hire more people, improve its app, and expand to the UAE this year and to Egypt next year.
These partnerships will help provide insurance to more than 1.5 million customers.
They will offer different types of insurance, like health, car, and home insurance.
Yasmina is the first app in Saudi Arabia that can provide home insurance with approval from the Saudi Central Bank. It promises to secure homes in just 90 seconds.
After obtaining the necessary approvals, Yasmina has begun assisting numerous companies in various areas, including human resources, travel, real estate, cars, and more.
Yasmina helps connect easily with insurance companies.
It was created to simplify the process of offering insurance by leveraging technology that connects insurance providers and companies.
The application was founded by Masoud Al-Helou and Bashar Aba Al-Khail in 2023.
Read more- WaHa Raises $8 Million to Expand in the Gulf Region
