Algeria’s super app Yassir raises $150 million Series B funding
Summary
We look forward to expanding our presence into other geographies to become the first super app to achieve mass adoption.Founded in 2017, today, the company operates in six countries and 45 cities, where it is used by more than 8 million users. An all-in-one ecosystem, the app provides its customers with a single-point solution for managing all of their day-to-day activities, from travelling to work to ordering groceries and meals. By providing consumers in Africa with a mobile banking solution, as part of a more comprehensive suite of services, Yassir is meeting an important need in the market, one where 50% of the population already have mobile internet access.We believe technology will foundationally rearchitect consumers relationship with daily needs transportation, food, financial services not just in developed countries, but in every corner of the world, says Daegwon Chae, general partner at BOND. Emerging out of North Africa, the app has already become indispensable to users for critical aspects of their lives.Noureddine, a Stanford PhD and a native of Algeria spent more than 15 years in Silicon Valley before returning to his homeland to build Yassir. And finally, we want to make the lives of our people easy while infusing social values via our products such as trust and mutual help.