YAP

Active

Independent digital-banking app (neobank), UAE

Dubai, UAEFounded 2021

Fintech

Series A

YAP is a UAE-based neobank that operates as an independent digital-banking app with no physical branches, partnering with RAKBANK for the underlying regulated banking infrastructure and IBAN issuance. It offers accounts, debit/virtual cards, transfers, bill payments and spending analytics, and has pursued regional expansion into Saudi Arabia, Pakistan, Egypt and Ghana. It was positioned as the UAE's first independent digital-banking platform at its March 2021 launch.

Founders

Marwan Hachem

Co-founder & Group CEO

Anas Zaidan

Co-founder & Managing Director

Funding Rounds

Series AJul 2022

$41M

Lead: Aljazira Capital

Investors: Aljazira Capital, Abu Dawood Group, Astra Group, Audacia Capital

Investors: Aljazira Capital, Abu Dawood Group, Astra Group, Audacia Capital.

Something here wrong?

Every figure on this page is meant to have a source behind it. If one doesn't match reality, tell us and we'll fix it.