Pyypl: Raises $11 million
- Pyypl announces it has closed a US$ 11 million series A financing round with participation from a diverse group
- The international blockchain technology-based company provides digital payments and financial services for smartphone users
- Backed by a diverse group of investors from Europe, North America, Asia, and the Middle East
- This follows significant investment in previous rounds from Global Ventures, a UAE-based, international venture capital firm
- The proceeds will enable it to continue its rapid growth in its core GCC markets, and expand further in Africa
- The region has two billion people and it is the fastest-growing, with a high adoption rate of smartphones
