Yassir, Algeria’s super app, raises $150m in a Series B funding round

Yassir, a super app and on-demand services marketplace, raised $150 million in a Series B funding round led by BOND. The round also witnessed participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures), and Y Combinator, among other strategic investors.

Yassir will be using the funds to expand its reach and presence in the region.

“Yassir means ‘easy’ in Arabic, and our mission as a company is to make people’s lives easy. In the markets where we operate, we are already having a considerable impact on how people manage their day-to-day lives. We look forward to expanding our presence into other geographies to become the first super app to achieve mass adoption,” Noureddine Tayebi, Founder and CEO of Yassir, said.

Founded in 2017 by Noureddine Tayebi and El Mahdi Yettou, the super app operates in six countries and provides three main services: ride-hailing, food and grocery delivery, and financial services.

The startup also raised $30 million last year in a Series A round led by WndrCo, DN Capital, Kismet Capital, Spike Ventures, and Quiet Capital.

The post Yassir, Algeria’s super app, raises $150m in a Series B funding round appeared first on WAYA.

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