Yassir pulls in $150M for its super app, led by Mary Meekers BOND

News Summary

  • Not only is the company offering ride-hailing and food and grocery delivery services (via Yassir Express) in 45 cities across six countries, but this report also says that three out of five on-demand activities in Algeria, its first market, are made via the platform.
  • Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November.
  • He also underscored how the funding will assist Yassir — which has offices in Algeria, Canada, France, Morocco and Tunisia — in consolidating its growth, rolling out new services in the existing markets, and expanding into new geographies across Africa and the Middle East directly or via acquisitions.
  • When we first started, the observation was that most people were unbanked, and the number one reason is that people don’t trust the banking systems here for various reasons,” the chief executive told TechCrunch in an interview.
  • Algeria’s Yassir picks up $30M to build a super app in North AfricaYassir is one of five Africa-focused startups to have closed a mega-round — that is, investment rounds greater than $100 million — this year.
  • Its financial services serve this multi-sided marketplace ecosystem, which includes 8 million users (over 2.5x from last year) and 100,000 partners consisting of drivers, couriers, merchants, suppliers and wholesalers.
Yassir, an African super app platform that offers ondemand services such as ridehailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it rai [+6806 chars]