Previous Post
Egyptian Fitness and Nutrition App ElCoach Receives USD Six-Figure Seed Funding
Next Post
The UAE’s District 2020 Offers Entrepreneurs the Opportunity to Scale2Dubai

Algerian Ride-Hailing App Scores $150,000 Investment from the Accelerator Behind Airbnb

The app hopes to grow beyond its foothold in French-speaking North Africa, to the entire francophone continent.

Y Combinator, the American seed accelerator that’s launched a host of startup success stories - including Airbnb, Doordash and Dropbox among its 2,000+ startup portfolio - has just placed its bets on Algerian ride-hailing app, Yassir.

The first ride-hailing app in Algeria is also the nation’s first to receive the backing of Y Combinator, graduating from their Winter 2020 batch earlier this week and raising a $150,000 investment in the process.

Founded in 2016, Yassir currently operates in Algeria, Morocco and Tunisia, as well as offering food delivery services in Algeria. With this new investment, it plans to expand on gargantuan levels, becoming french-speaking Africa’s next super-app.

In doing so, Yassir will be capitalising on two connected trends. On one hand, growing smartphone penetration offers an ever-expanding market for its ride-hailing services. On the other, its plan to provide payments and mobile banking solutions jumps into the quickly metastasising digital finance market, with its mobile banking-fuelled potential for massive financial inclusion.




Sign up for the daily Startup Digest.



Todays Events
Are Investors still investing in SMEs?
Seminars
Date: 7/15/2020
Time: 2:00pm - 3:00pm
Venue: Online
Promoting Responsive & Inclusive Governance
Seminars
Date: 7/15/2020
Time: 2:00pm - 3:00pm
Venue: Online
The Startup Talk
Variety
Date: 7/15/2020
Time: 7:00pm - 8:00pm
Venue: Online
Tech Solutions Advisory with IBM
Workshop
Date: 7/15/2020
Time: 12:00pm - 2:00pm
Venue: Online
Art & Design Entrepreneurship - Workshop
Seminars
Date: 7/15/2020
Time: 8:30am - 10:00am
Venue: Online
Against All Odds
Seminars
Date: 7/15/2020
Time: 2:00pm - 3:00pm
Venue: Online
Putting your job before your career
Seminars
Date: 7/15/2020
Time: 1:00pm - 2:00pm
Venue: Online
FinTech and the Future of Financial Services
Lecture
Date: 7/15/2020
Time: 3:00pm - 4:00pm
Venue: Online