News

Pyypl Growth To Accelerate After $20 Million Investment

The Abu Dhabi-based financial platform continues to go from strength to strength, with sights set on a huge regional expansion.

Published

2 years ago

November 7, 2022

Nour Nasir

pyypl growth to accelerate after $20 million investment

Pyypl (pronounced “people”), the Middle East and Africa-focused financial services platform, has just secured $20 million in Series B funding from international investors, as well as ten of its existing backers.

Since being founded in 2017, the Hub71 member has raised nearly $40 million in investment capital. This recent financing round will help the platform increase its reach even deeper into the MEA region.

As the company develops what’s known as “Pyypl 2.0”, new features and proprietary technology will also be built to enhance user experience and help scale in new markets and business verticals. Pyypl is led by a skilled management team with a proven track record and is now one of the fastest-growing fintech companies in the region, quadrupling its user base and transaction volumes in just 12 months.

Pyypl has established key partnerships since its foundation, and now boasts a mature and expansive financial ecosystem that includes Visa, several payment gateway partners, Ripple, and Binance. Based in Hub71, Abu Dhabi’s global tech ecosystem, Pyypl also gains access to a wide-ranging network of partners and benefits from a strong local talent base.

Also Read: Paymob Announces New UAE Regional Hub

The combination of proprietary technology, an experienced management team, and a unique multi-product approach is paying dividends for the startup, which seems to have been founded at the exact right time to benefit from the region’s growing tech landscape. The ecosystem boasts “internationally accepted virtual and physical prepaid cards, instant domestic and international user-to-user transfers as well as remittances to 38 currency destinations”, with plenty of additional features being added to the roadmap.

“We welcome our new investors and appreciate the further investment from our existing shareholders to support 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,” says Antti Arponen, co-founder and CEO at Pyypl.

Pyypl’s platform offers key financial services via a single app, and could benefit up to 800 million financially underserved smartphone users across Africa and the Middle East.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

16 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.