Bracewell, a leading law and government relations firm, played advisor to its longstanding client YAP Holding, one of the leading emerging financial technology companies in the Middle East, on its pre-Series A investment round.
A DIFC-based digital bank, YAP successfully raised an aggregate total of $41 million as part of this investment round from various investment houses, private equity firms and family offices across the Middle East.
YAP is a fin-tech market disruptor, offering technical solutions to outdated banking arrangements and works with well-established banks to provide cutting-edge online banking solutions to users across the region.
It plans to expand into Saudi Arabia and Egypt and has already received regulatory approval to commence 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 the Bracewell team on the transaction alosng with his associates Jasem Alanizy and Amelia Bowring.
"We wish YAP and its investors every success for its growth trajectory and its entry into new and exciting markets across the region," he added.-TradeArabia News Service
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