Bracewell advises on YAP Holding Limited’s USD41 million investment round

Bracewell represented a longstanding client on its investment in one of the Middle East’s leading emerging financial technology companies, YAP Holding Limited, on its pre-Series A investment round.  YAP, a DIFC based digital bank, successfully raised an aggregate total of USD41 million as part of this investment round from various investment houses, private equity firms and family offices across the Middle East.

“We are delighted to have been able to leverage our corporate capabilities in the UAE to advise our client on this investment in YAP. We wish YAP and its investors every success for YAP’s growth trajectory and its entry into new and exciting markets across the region,” said Ibrahim Siddiki, who led the Bracewell team on the transaction.

YAP is a fin-tech market disruptor, offering technical solutions to outdated banking arrangements and works with well-established banks to provide cutting-edge online banking solutions to users across the region. YAP plans to expand into Saudi Arabia and Egypt and has already received regulatory approval to commence operations in Pakistan and Ghana.

Bracewell lawyers involved on this transaction included partner Ibrahim Siddiki and associates Jasem Alanizy and Amelia Bowring.