Pyypl, UAE’s FinTech platform, raises $20m in a Series B round

Pyypl, UAE’s FinTech platform, raises $20m in a Series B round

Pyypl, a financial services platform, raised $20 million in a Series B funding round from a diverse group of international investors and ten existing investors.

This Series B raise will enable the startup to further expand its reach across the MEA region, invest in product development, build out new features of the company’s proprietary technology platform to enhance user experience, and facilitate scaling in current and new markets.

“We welcome our new investors and appreciate the further investment from our existing shareholders in support of our financial inclusion journey. We have grown significantly since our Series A round and are excited to enter the next phase of growth and capability. This is just the beginning,” Antti Arponen, co-founder and CEO of Pyypl, said.

Pyypl has also raised $11 million in a series A funding round earlier this year to expand further in Africa, particularly Kenya and Mozambique.

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