17. YAP *

Total funding: $45 million
Financial super app for individuals and businesses
Founders: Marwan Hachem, Anas Zaidan
Nationality: Lebanese, Saudi
Investors: Angels, family offices
Headquarters: U.A.E.
Date of establishment: 2021

The digital banking app offers consumer debit cards, virtual cards with Apple pay and Samsung pay spending analytics, YAP 2 YAP, money transfers, bill payments, and real-time notifications of purchases. In the U.A.E., YAP has partnered with RAKBANK for consumers and the Emirates Development Bank for SMEs. It has onboarded 190,000 users and 8,000 SME partners. In July 2022, it raised $41 million in funding to fuel expansions in Saudi Arabia, Egypt, Pakistan, and Ghana. Yap has partnered with Bank AlJazira to launch its consumer and business banking platforms in Saudi Arabia in 2023.