Friday, 24 March, 2023

YC-backed Zywa neobank raises $3M for expansion across MENA

<p>Zywa, a neobank for Generation Z with headquarters in Dubai, intends to accelerate its growth in the UAE and to begin expanding to Saudi Arabia and Egypt. At a valuation of approximately $30M (110M AED), it obtained $3M in early capital. &nbsp;Strategic angel investors and several well-known European family offices joined the most recent round, along with Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline Venture Partners, Zemu VC, and many others.</p>