Yassir, an Algerian super-app with a San Francisco headquarters that provides financial and on-demand services, has concluded a $150 million Series B fundraising round to support its global development throughout Africa.
It also asserts to be one of the most highly regarded businesses in the Middle East and Africa. “Yassir currently offers mobile wallets to its customers, assisting them in storing cash in the wallet. Also, carrying out cashless transactions while leveraging ride-hailing drivers and delivery drivers as banking agents to disseminate its fintech message.
In 2021, startups in Algeria, Morocco, and Tunisia are expected to raise $72 million. The area has generated more than $260 million in fundraising so far this year alone. Including the $100 million series A raised by the Tunisian artificial intelligence firm Instadeep.
