Yuno Raises $45M to Boost Middle East Growth

Yuno, a cross-border payments technology company, has closed a $45 million Series B round led by Global PayTech Ventures to accelerate product development and international expansion, including a strengthened push into the Middle East. The funding round also featured heavyweight participation from Andreessen Horowitz, Tiger Global and QuantumLight Capital, the AI-focused venture firm created by Revolut CEO Nik Storonsky, alongside regional backers Rasmal Ventures and GrowthX Capital.

"Yuno has established a Doha office and aims to strengthen its Middle East footprint," CEO Juan Pablo Ortega said. "We expect to reach profitability by the middle of the year."

Deal details and investor lineup

The $45 million Series B positions Yuno to broaden its product suite and fund growth outside its core markets. Global PayTech Ventures led the financing, with participation from well-known global investors and regional firms that bring strategic Middle East ties. The named participants in the round include:

• Global PayTech Ventures (lead)
• Andreessen Horowitz
• Tiger Global
• QuantumLight Capital (founded by Nik Storonsky)
• Rasmal Ventures (backed by the Qatar Investment Authority)
• GrowthX Capital (tied to Hamad Al-Hajri, founder of Snoonu)

Context: why Yuno raised and where it will deploy capital

Yuno sells payments infrastructure that helps businesses manage multi-currency receipts and local payment methods across borders — a problem that can require juggling local banks, currencies and regulations. The Series B follows a stage of initial traction and aims to fund an expanded product roadmap and geographic expansion. The company has already opened an office in Doha as part of its Middle East strategy.

The participation of Rasmal Ventures, which has links to the Qatar Investment Authority, and GrowthX Capital — associated with Hamad Al-Hajri of Snoonu — signals investor confidence in Yuno's regional ambitions and provides local networks that can help with market entry and regulatory navigation. QuantumLight Capital’s participation, tied to Nik Storonsky, underscores continued investor appetite for payments infrastructure that leverages AI and automation.

Outlook and market context

Ortega’s stated target of achieving profitability "by the middle of the year" suggests Yuno is balancing growth spending with a near-term focus on unit economics. Reaching profitability would reduce near-term capital pressure and give the company more independence in charting its expansion.

The raise comes amid a cooling of venture investment in some regions; Latin American VC activity, for example, has slowed compared with pandemic-era peaks. Even so, Yuno’s ability to attract investors from the U.S. and the Middle East underlines continued interest in startups that simplify cross-border payments — a foundational layer for e-commerce, international transfers and business-to-business trade.