UAE digital wallet startup Pyypl has closed a US$20 million Series B funding round from a group of new and existing investors, and says that it is considering opening a second tranche for further investment.
According to Pyypl’s website, it is currently operational in the Abu Dhabi Global Market (ADGM) and Bahrain, and is currently seeking authorisation to operate in Kenya, Mozambique, and Kazakhstan.
“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,”
said Antti Arponen, Co-Founder and CEO of Pyypl.