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Leading legal and government relations firm Bracewell advised its longtime client YAP Holdings, one of the Middle East’s leading emerging fintech companies, on its pre-Series A investment.
A DIFC-based digital bank, YAP has successfully raised a total of $41 million as part of this investment round from a number of investment firms, private equity firms and family offices in the Middle East.
YAP is a disruptor in the fintech market, providing technological solutions to outdated banking arrangements and partnering with established banks to provide users in the region with cutting-edge online banking solutions.
It plans to expand into Saudi Arabia and Egypt and has received regulatory approval to operate in Pakistan and Ghana.
“We are delighted to be able to leverage our corporate capabilities in the UAE to advise our clients on YAP investments,” said Ibrahim Siddiki, who led the Bracewell team on the deal with his colleagues Jasem Alanizy and Amelia Bowring.
“We wish YAP and its investors every success in its growth trajectory and entry into exciting new markets in the region,” he added.-TradeArabia News Service
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