Fintech start-up YAP raises $10 million in Series B funding
March 16, 2021
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YAP, a Chennai-headquartered fintech start-up, on Tuesday announced that it has raised Series B funding of $10 million (₹ 73.2 crore), co-led by Flourish Ventures and Omidyar Network India.
This is the second fundraising for YAP in less than a year, which saw the participation of its existing investors BEENEXT, 8i Ventures and DMI Group. The Sparkle Fund and Better Capital also participated in the financing round.
The fintech start-up raised $4.5 million in its Series A round in April 2020.
Founded in 2015 with the goal of enabling payments for businesses, the platform has evolved into a “Bank-in-a-Box fintech infrastructure provider. YAP enables businesses and platforms to offer their own branded financial services through partnerships with financial institutions or fintech companies while ensuring regulatory compliance.
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