Yuze, a leading UAE-based fintech, has bagged a $30 million investment from Osten Investments to trigger its expansion into new markets. This funding will boost Yuze’s mission to offer advanced financial solutions to SMEs and independent professionals beyond the UAE.
According to industry sources, this investment will power Yuze’s plans to offer tailored financial services to underbanked businesses and support global financial inclusion initiatives. Osten Investments’ confidence in Yuze underscores the fintech’s potential to transform the financial landscape in new emerging markets.
Rabih Sfeir, Founder and CEO of Yuze, stated: “The partnership with Osten Investments marks a pivotal moment in our journey. This investment 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 working towards setting new industry standards and advancing financial inclusion for all.”
โThrough our innovative solutions and strategic partnerships, we are complementing traditional banking products and providing MSMEs with the tools and support their need to thrive in today’s competitive landscapeโ said Dilmurod Urunov, Chairman of Yuze. โThis investment from Osten Investments further validates our mission and strengthens our ability to deliver on our promises.โ
Osten Investments expressed strong confidence in Yuze’s vision and approach. “We are excited to support Yuze in their quest to offer unparalleled financial services to SMEs and independent professionals in new markets,” commented Obid Adilov, Managing Director of Osten Investments. “Our investment reflects our belief in Yuze’s innovative solutions and their potential to drive significant impact in financial inclusion. Yuze is not just a fintech creating a platform; they are fostering a movement towards a more inclusive financial ecosystem for all”.
Industry sources further added that Yuzeโs digital platform offers a suite of financial services, comprising of business accounts and card programs, through partnerships with banks and financial institutions. Aiming to empower up to 1 million SMEs and professionals in the next five years, Yuze addresses their unique financial challenges with modern tools and 24/7 online support.
