UAE-Based Fintech Yuze Raises $30 Million to Expand into New Markets

Yuze, a UAE-based fintech focused on small and medium-sized enterprises (SMEs), has successfully raised $30 million from Osten Investments to fuel its expansion into new markets.

The company’s digital platform provides a comprehensive suite of financial services, including business accounts and card programs, tailored for small businesses, e-traders, and freelancers through partnerships with banks and financial institutions.

With the new funding secured, Yuze aims to extend its reach beyond the UAE, targeting one million SMEs and professional customers over the next five years.

Rabih Sfeir, CEO of Yuze, commented on the investment, stating, “This funding not only validates our mission but also enhances our ability to expand beyond the UAE and improve our offerings. Our goal is to remove the barriers that SMEs and independent professionals face in accessing financial services, and we are making significant progress towards that. We are committed to setting new industry standards and advancing financial inclusion for all.”

This investment marks a significant step for Yuze as it strives to redefine financial services for SMEs in the region.