Dubai fintech Ziina gets Y Combinator's backing for its social P2P payment app, raises seed round
Published 19 Jan,2021 via MENAbytes - Dubai-based fintech Ziina has received Y Combinator’s backing and raised a seed round from investors in the United States and the Middle East, it announced in a statement today to MENAbytes. The startup is part of Y Combinator’s Winter 2021 (W21) batch. It said that it is the third startup from the United Arab Emirates to have it made to Y Combinator.
Ziina did not disclose the size of the seed round but said it was led by Oman Technology Fund’s Jasoor Ventures with Class 5 Global, Long Journey Ventures, Graph Ventures, Jabbar Internet Group, FJ Labs, and Wamda also participating in the round. The angel investors that joined the round include former executives of Revolut and early employees of Stripe, Brex, Venmo, and Deel, and Notion.
The announcement comes about eight months after Ziina raised $850,000 in a pre-seed round and launched its app.
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