Qatar-Backed Rasmal Ventures Joins Yuno’s $45 Million Series B

Qatar-backed Rasmal Ventures has participated in a $45 million Series B round for global payments infrastructure company Yuno, alongside Abu Dhabi-based Further Ventures, GrowthX Capital and a group of international investors.

The round was led by Global PayTech Ventures, with participation from Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek and Endeavor Catalyst. Rasmal Ventures, described by Yuno as Qatar’s first investment firm backed by the Qatar Investment Authority, joined as one of the round’s strategic regional investors.

The funding will be used for research and development, next-generation payments technology and the expansion of Yuno’s global infrastructure, while supporting the company’s stated path towards profitability. Founded in Colombia in 2022, Yuno connects businesses through a single API to more than 1,000 payment methods and over 460 integrations across more than 190 countries.

The investment comes as Yuno increases its presence across the Middle East. In April 2026, Yuno Payments Arabia received Payment Technical Service Provider certification from the Saudi Central Bank. The company has also partnered with Tap Payments to access local payment rails including Mada, KNET and NAPS across all six GCC countries, and has a buy-now-pay-later partnership with Tabby covering Saudi Arabia and the UAE.

“The hardest problem in payments is being genuinely local everywhere, and Yuno has solved it at global scale, which is exactly why it resonates in our region,” Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, said. “We invested because Juan Pablo and his team are building the infrastructure those corridors need.”

Over the past year, Yuno said it recovered more than $5 billion in otherwise failed transaction volume for merchants on its network, increased authorisation rates by around 5% and saved customers more than $500 million in processing costs. The company also added 150 new integrations during the period.