Qatar-based venture capital firm Rasmal Ventures has invested in global payments infrastructure company Yuno as part of its $45 million Series B round, strengthening the fintech’s expansion across the Gulf.
The round was led by Global PayTech Ventures, with participation from Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek and Endeavor Catalyst. Rasmal Ventures joined as a strategic regional investor alongside GrowthX Capital and Abu Dhabi-based Further Ventures.
Yuno has developed an AI-native payments infrastructure platform that enables enterprise merchants, banks and digital wallets to manage global payment operations through a single API. The company connects businesses to more than 1,000 payment methods and over 460 integrations across 190 countries, combining intelligent payment routing, one-click checkout and AI-powered fraud detection.
The company has been steadily building its presence in the Gulf, establishing its regional office in Qatar as a base for expansion across the region. In April 2026, Yuno Payments Arabia received Payment Technical Service Provider certification from the Saudi Central Bank.
Yuno has also partnered with Tap Payments to provide access to regional payment rails including Mada, KNET and NAPS across the six GCC markets. A separate partnership with Tabby connects its infrastructure to more than 25 million shoppers across Saudi Arabia and the UAE.
The investment comes as the Middle East emerges as one of the fastest-growing markets globally for real-time payments, creating increasing demand for infrastructure capable of connecting international merchants with fragmented local payment methods and financial networks.
“The hardest problem in payments is being genuinely local everywhere, and Yuno has solved it at global scale, which is exactly why it resonates in our region,” said Soumaya Ben Beya Dridje, Partner at Rasmal Ventures.
She added that the Gulf’s growing payments ecosystem and expanding international trade corridors are creating opportunities for infrastructure providers capable of connecting regional wallets, payment rails and consumers with global businesses.
According to Yuno, its technology recovered more than $5 billion in otherwise failed transaction volume for merchants over the past year, while improving authorisation rates by approximately 5% and generating more than $500 million in processing cost savings.
Its customer base includes global brands such as McDonald’s, NetEase Games, GoFundMe, inDrive and Rappi.
“Most companies raise a Series B to buy growth. We’re raising ours to meet our customers’ growth, and extend our lead, with a clear line to profitability in the year ahead,” said Juan Pablo Ortega, Co-Founder and CEO of Yuno.
GrowthX Capital founder Hamad Al Hajri, who has known Ortega since his time at Colombian unicorn Rappi, said he believes Yuno could become the founder’s next unicorn, with Qatar serving as its regional hub.
For Rasmal Ventures, the deal forms part of a broader strategy of connecting Gulf markets with technology companies across MENA, Türkiye and Asia. The firm positions itself as an active regional partner for international companies seeking to establish and scale operations across the GCC.
Yuno will use the Series B capital to support growing customer demand, expand its global payments infrastructure and strengthen its position across key international markets, including the Gulf.
