[Funding] Fintech Infra Provider YAP Raises $10 Million in Series B Financing Round
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New Delhi, March 16 -- YAP, the Chennai-headquartered fintech infrastructure provider, has raised Series B financing of $10 million. The round was co-led by Flourish Ventures and Omidyar Network India. Existing investors - BEENEXT, 8i Ventures, DMI Group - The Sparkle Fund and Better Capital also participated in the financing round. This is the second fundraising for YAP in less than a year. It reflects the potential of the startup as well as the segment - B2B Fintech infrastructure.
With the investment, the company aims to strengthen its technical team. It also aims to reach out to new markets in Bangladesh, Saudi Arabia, Oman, Egypt, Vietnam and Indonesia. YAP currently serves companies in India, Nepal, the United Arab Emirates, Austra...
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