Algeria
African Fintech Sector Attracts More Funding
The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised US$150 million in Series B funding – making it North Africa’s most significant funding to date. Participating investors led by
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Algerian Super App Yassir Raises $150 Million in Series B Funding
Yassir, a multi-sided marketplace offering on-demand services such as ride hailing, food and grocery delivery and banking, announced that it has raised $150 million in Series B funding from a series of prominent global investors. The investment was led by
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Fintech Development in Algeria Lags Behind MENA Counterparts
Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other nations in the Middle East and North Africa (MENA) region, experts say. According to World Bank experts, only 16% of
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