Osten Investments is the lead investor in $30 million raised by UAE-based fintech Yuze. Yuze, a company founded in 2022 by Rabih Sfeir, supports financial inclusion by offering business accounts to startups, micro, and small companies in emerging nations.
The additional capital will help Yuze expand into new areas and achieve one million SME and professional customers in five years.
Yuze, a FinTech startup based in the United Arab Emirates that specializes in financial services for freelancers, e-traders, and SMEs, has raised $30 million in a fundraising round headed by Osten Investments. With this large investment, Yuze hopes to expand into new areas and serve one million professional and SME consumers in the next five years.
In collaboration with banks and other financial institutions, Yuze offers a full digital platform that includes business accounts, card programs, and other financial services.
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The company will be able to address the difficulties SMEs and independent professionals have in obtaining necessary financial resources by expanding its services outside of the United Arab Emirates thanks to the additional finance.
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.”
Building on earlier investments that have strengthened its position in the FinTech industry, this capital round represents a significant turning point in Yuze’s development.
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Osten Investments’ backing highlights Yuze’s business model’s potential and ability to establish new benchmarks for the industry.
About Yuze
Yuze is a digital platform for businesses that provides merchant acquisition, a business account with payment cards, and additional tools to improve daily operations. Yuze is designed for all types of enterprises, including freelancers and start-ups.
