Qatar’s Rasmal Ventures backs Yuno’s $45 million Series B
YunoCompany
Rasmal VenturesInvestor
GrowthX CapitalInvestor
Further Asset ManagementInvestor
Global PayTech VenturesInvestor
Andreessen HorowitzInvestor
Tiger GlobalInvestor
QuantumLightInvestor
MonasheesInvestor
KaszekInvestor
EndeavorInvestor
Yuno closed a $45 million Series B on August 12, 2026, led by Global PayTech Ventures with participation from Andreessen Horowitz, Tiger Global and others, while Qatar’s Rasmal Ventures joined as a strategic regional investor to anchor Yuno’s GCC hub.
Deal Terms
On August 12, 2026 Yuno announced a $45 million Series B financing round. The round was led by Global PayTech Ventures and included Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek and Endeavor Catalyst. Rasmal Ventures, Qatar’s first institutionally backed investment firm, joined alongside GrowthX Capital and Further Ventures, the latter a sovereign‑backed fund from Abu Dhabi. The capital will fund Yuno’s expansion of its Gulf regional office in Qatar and accelerate product rollout across the Middle East.
Strategic Rationale
Yuno, founded in 2022 by Juan Pablo Ortega and Julián Núñez, operates an AI‑native payments operating system that aggregates more than 1,000 payment methods in 190 countries via a single API. The company recently secured Saudi Central Bank certification and forged partnerships with Tap Payments and Tabby, giving it access to local rails such as Mada, KNET and NAPS. Rasmal’s participation is positioned as a “strategic regional investor” that brings market knowledge and connections to GCC‑based firms, aligning with Yuno’s goal of being “genuinely local everywhere.”
The financing arrives as ACI Worldwide ranks the Middle East as the world’s fastest‑growing real‑time payments market. Yuno’s platform already recovered over $5 billion in failed transaction volume, lifted authorization rates by roughly 5 percent and saved customers more than $500 million in processing costs. The new capital is earmarked for scaling these capabilities, deepening local partnerships, and moving toward profitability within the next year.
Market Context
Yuno’s growth trajectory mirrors a broader wave of fintech platforms that combine AI‑driven fraud detection with unified payment routing. By embedding a regional hub in Qatar, Yuno can tap the Gulf’s trade corridors that link to Asian markets, a corridor identified as a high‑growth vector for cross‑border commerce. The involvement of both global venture firms and a sovereign‑linked investor underscores the increasing convergence of capital from Silicon Valley and Gulf sovereign wealth funds in scaling fintech infrastructure.
Overall, the $45 million raise provides Yuno with the runway to cement its foothold in the GCC, expand its API ecosystem, and position itself as a preferred payments layer for multinational merchants seeking local reach without building separate integrations.
Why It Matters
For Yuno, the infusion of capital and the addition of Rasmal as a regional partner accelerates its go‑to‑market strategy in the Gulf, where regulatory approval and local rail integration are critical barriers to entry. The Qatar hub will enable faster onboarding of GCC merchants and deepen relationships with banks and wallets that dominate the region’s payments landscape. Competitors lacking a dedicated GCC presence may find it harder to win enterprise contracts that require local compliance and real‑time settlement.
Rasmal’s stake also signals to other Gulf sovereign‑linked investors that high‑growth fintechs with AI‑driven operating models are viable partners for regional diversification. By aligning with a globally recognized venture syndicate, Rasmal can leverage its network to attract additional fintech founders to the GCC, potentially reshaping the competitive dynamics among payment infrastructure providers in the Middle East.
Key Points
- Yuno raised $45 million in a Series B led by Global PayTech Ventures.
- Rasmal Ventures joined the round as a strategic regional investor, anchoring Yuno’s GCC hub in Qatar.
- The round also included Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek and Endeavor Catalyst.
- Yuno’s platform connects over 1,000 payment methods across 190 countries and has recovered more than $5 billion in failed transaction volume.
- The financing will fund Gulf expansion, local rail partnerships and a path to profitability within the next year.
Analysis
Yuno’s $45 million Series B places the company at a valuation likely in the high‑single‑digit to low‑double‑digit revenue‑multiple range for a fast‑growing fintech operating system. The round’s composition—global venture heavyweights paired with a sovereign‑linked GCC investor—highlights a growing trend where capital from Silicon Valley and Gulf sovereign funds converges on AI‑enabled payments platforms. As the Middle East’s real‑time payments market outpaces global peers, Yuno’s localized API approach offers a scalable solution for merchants seeking to serve fragmented regional rails without building bespoke integrations. For operators, the deal underscores the importance of embedding local compliance and partnership ecosystems early, while investors can view the transaction as a template for backing fintechs that combine AI‑driven efficiency with a clear path to regional profitability. The capital will likely be deployed toward expanding the Qatar hub, deepening Saudi and UAE integrations, and accelerating product features that drive higher authorization rates and fraud mitigation—metrics that directly impact merchant net revenue retention and Yuno’s long‑term margin profile.