back Back

Pyypl accelerates growth with $20m series B investment

By Leandra Monteiro

November 08, 2022

  • Digital Payments
  • Expansion Plans
  • Funding

Pyypl Pyypl, the Middle East and Africa (MEA) focused financial services platform and Hub71 company has closed its target Series B raise of $20 million from a diverse group of international investors and ten existing investors. Pyypl is considering opening a second tranche for further investment due to interest from investors.

Since its inception in 2017, Pyypl has raised almost $40 million, and the Series B raise will enable the Company to further expand its reach across the MEA region. Product development will also be a key focus, with Pyypl 2.0 building out new features of the company’s proprietary technology platform to enhance user experience and facilitate scaling in current and new markets.

Led by an experienced management team with a proven track record in the region, Pyypl is one of the fastest-growing FinTechs in MEA. It has already seen good traction since its Series A just a year ago, growing over four times in terms of user numbers, transaction volumes and revenues.

Pyypl has established key partnerships that have taken years to develop in order to be part of a financial ecosystem required to meet demand. These include Visa, a number of payment gateway partners, Ripple and Binance to name a few.  Based in Hub71, Abu Dhabi’s global tech ecosystem, Pyypl is gaining access to its network of partners, and benefiting from its business-friendly environment and strong talent base.

Antti Arponen, co-founder and CEO of Pyypl, commented, “We welcome our new investors and appreciate the further investment from our existing shareholders in support of our financial inclusion journey. We have grown significantly since our Series A round and are excited to enter the next phase of growth and capability. This is just the beginning.”

Previous Article

November 08, 2022

Finastra partners with Jifiti to deliver embedded financing

Read More
Next Article

November 08, 2022

CereTax and Peisner Johnson partner to bring sales tax automation and compliance operation

Read More

IBSi Daily News Analysis


February 23, 2024

Digital Payments

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Ebury and Nium team to offer cross-border payments in Brazil

Read More


MultiPay teams up with to launch Pay By Bank

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023