Yassir, an African mega app platform that delivers on-demand assistance such as ride heralding, food and delivery assistance, and payouts, has raised $150 million in Series B financing, which is five times the amount generated in its prior premium round last November ($30 million in Series A).
Yassir is a transportation service that allows anyone to reserve drivers and travel safely. Yassir is a North African software developer who wants to change the way daily services are provided. Yassir provides on-demand services like ride-sharing and last-mile distribution. Building on this foundation, it is now planning to introduce financial services that will enable users to pay, save, and collect digitally, ushering the region into the digitalization.
The company has raised $150 million in Series B financing, which is five times the amount generated in its prior premium round last November. Bond, the growth-stage company that Mary Meeker rolled out of Kleiner Perkins in 2018, ended up leading the investment. DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, and Y Combinator via its Consistency Fund are among the other professional investors in the economic expansion round. Since its original conception in 2017, the African startup has raised an aggregate of $193.25 million. The additional investments will help Yassir, which has bureaus in Algeria, Canada, France, Morocco, and Tunisia, consolidate its development, roll out new services in established markets, and expand into brand-new geographic regions across Africa and the Middle East, either straightforwardly or through acquisitions.
About Yassir
Yassir was originally established in 2017 by El Mahdi Yettou, Noureddine Tayebi. The business’s main offices are in the San Francisco Bay Area, West Coast, Western US. The company is still in operation, and its most recent round of financing was Series B. The corporation ‘s lawful title is Yassir Inc., and its type of business entity is For Profit. The company focuses on Financial Services ,Information Technology,Mobile Apps and Transportation.
What does it do?
It’s a multifaceted global market that offers its clients a one-stop shop for managing all of their everyday activities, from the journey to work to purchasing groceries and foods. After five years in business, the developers claim that its services raise income for more than 100,000 of its collaborators, who include motorists, courier services, traders, and distributors, among other contract workers and resellers. It also asserted to have reached 8 million users.
Previous Funding
Yassir has received $217.6 million in funds over ten rounds. Their most recent funding came in the form of a Series B round on November 7, 2022. 34 investors have contributed to the funding of Yassir. The most notable shareholders are DN Capital and Quiet Capital.
Conclusion
Yassir, an African mega app platform that delivers on-demand assistance such as ride heralding, food and delivery assistance, and payouts, has raised $150 million. Yassir is a transportation service that allows anyone to reserve drivers and travel safely. The increase of Yassir’s Series B financing is a testament to the success and potential of this African mega app platform. As they continue to provide on-demand assistance such as ride heralding, food and delivery help, and payouts, they are proving that their innovative business model can be used by entrepreneurs in Africa and beyond. With their new funding, Yassir looks poised to expand its reach into other markets around the world – truly revolutionizing how people access services in their everyday lives.
Yassir is a transportation service that allows anyone to reserve drivers and travel safely.
Yassir provides on-demand services like ride-sharing and last-mile distribution.
It is now planning to introduce financial services that will enable users to pay, save, and collect digitally, ushering the region into the digitalization.
Yassir was originally established in 2017 by El Mahdi Yettou, Noureddine Tayebi.
Yassir has received $217.6 million in funds over ten rounds.
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