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India: Fintech startup Yap raises $10m led by Flourish Ventures, Omidyar
Photo by Josh Appel on Unsplash
March 17, 2021
Fintech startup Yap has raised $10 million in its Series B round, co-led by Flourish Ventures and Omidyar Network India.
Yap’s existing investors Beenext, 8i Ventures, DMI Group also participated in the financing round. This is the second fundraising for Yap in less than a year, reflecting the growing potential of business-to-business fintech infrastructure companies. The Chennai-based startup had raised $4.5 million in April last year as part of its Series A round.
Yap’s Application Programming Interface (API) platform enables digital platforms, fintech companies, and offline businesses to bring customised solutions to their end users by connecting them with other fintech platforms and non-banking finance companies.