Bracewell, a leading law and government relations firm, acted as advisor to its long-time client YAP Holding, one of the leading emerging fintech companies in the Middle East, during its round pre-Series A investment fund.

A DIFC-based digital bank, YAP has successfully raised a total of $41 million in this investment round from various investment firms, private equity firms and family offices across the Middle East. .

YAP is a fintech market disruptor, offering technical solutions to outdated banking arrangements and works with well-established banks to provide cutting-edge online banking solutions to users in the region.

It plans to expand into Saudi Arabia and Egypt and has already received regulatory approval to begin operations in Pakistan and Ghana.

“We are delighted to have been able to leverage our corporate capabilities in the UAE to advise our client on this investment in YAP,” said Ibrahim Siddiki, who led Bracewell’s team on the transaction with associates Jasem Alanizy. and Amelia Bowring.

“We wish YAP and its investors every success on its growth trajectory and entry into exciting new markets in the region,” he added.-TradeArabia news service