Osten Investments led a $30 million funding round for Yuze, a FinTech company based in the United Arab Emirates that specializes in financial services for SMEs, e-traders, and independent contractors. With a target of one million SME and professional clients within the next five years, this substantial investment is expected to propel Yuze’s growth into new markets.
Through strategic partnerships with banks and financial institutions, Yuze offers a comprehensive digital platform that offers business accounts, card programs, and other financial services. With the additional funding, the business will be able to serve clients outside of the United Arab Emirates, tackling the difficulties that independent contractors and SMEs have in obtaining necessary capital.
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, which builds on earlier investments that have strengthened Yuze’s position in the FinTech industry, represents a turning point in the company’s history. The endorsement from Osten Investments highlights Yuze’s business model’s potential and ability to establish new benchmarks for the sector.
