Rasmal backs Yuno in $45M Series B as payments platform expands in GCC

Rasmal Ventures joined Yuno’s $45 million Series B as the payments infrastructure company expands across the Gulf, following a Qatar office launch and Saudi certification. The deal links a growing regional payments market with Yuno’s push to localize rails, methods and partnerships across all six GCC countries.

Why it matters: - Yuno is trying to make global payments work locally across the Gulf, a challenge that can determine whether enterprise merchants can scale across markets. - The investment adds another regional backer to a round that connects GCC capital with a platform already serving global brands and local payment rails. - The timing aligns with rapid growth in real-time payments across the Middle East, which raises the stakes for infrastructure providers that can route payments across multiple countries and methods.

What happened: - Rasmal Ventures confirmed its investment in Yuno’s $45 million Series B on August 12, 2026. - Global PayTech Ventures led the round. - Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek and Endeavor Catalyst also participated. - GrowthX Capital and Further Ventures joined as strategic investors. - Yuno opened a regional office in Qatar and is using that base to expand across the Gulf. - Yuno Payments Arabia received Payment Technical Service Provider certification from the Saudi Central Bank in April 2026.

The details: - Rasmal Ventures described the investment as part of a regional operating model that aims to support GCC-based companies before deploying capital. - Yuno now connects businesses through one API to more than 1,000 payment methods and more than 460 integrations across 190 countries. - Yuno’s platform includes intelligent routing, one-click checkout and AI-powered fraud detection. - Over the past year, Yuno says it recovered more than $5 billion in failed transaction volume for merchants on its network. - Yuno says the platform lifted authorization rates by about 5% and saved customers more than $500 million in processing costs. - Global brands using Yuno include McDonald’s, NetEase Games, GoFundMe, inDrive and Rappi. - A partnership with Tap Payments opened local rails including Mada, KNET and NAPS across all six Gulf Cooperation Council countries. - A buy-now-pay-later partnership with Tabby connected Yuno to more than 25 million shoppers in Saudi Arabia and the UAE.

Between the lines: - Rasmal is positioning itself as more than a passive investor, using capital to build regional connections between Gulf markets and international tech companies. - Yuno is pitching itself as infrastructure, not just another payments vendor, which matters in a region where local compliance, rails and consumer behavior vary by market. - ACI Worldwide ranks the Middle East as the world’s fastest-growing real-time payments market, underscoring why payment orchestration has become a strategic race. - Rasmal’s involvement also signals growing Gulf appetite for fintech platforms that can bridge MENA, Türkiye and Asia.

What’s next: - Yuno said the Series B is aimed at meeting customer growth, extending its lead and moving toward profitability in the year ahead. - The company is expected to keep scaling its regional presence from Qatar as it deepens coverage across GCC payment rails. - Rasmal said the investment is part of a broader program to create two-way access between Gulf markets and international innovation.

The bottom line: - Yuno is betting that the next phase of payments growth will come from being local in every market, and Rasmal is backing that thesis with Gulf capital and regional reach.