Yuno, a Colombia-founded payment orchestration platform, has raised a $45 million Series B led by Global PayTech Ventures, with participation from Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek, GrowthX Capital, and two investors with direct Gulf sovereign ties: Rasmal Ventures and Further Ventures.
Gulf capital, and Gulf infrastructure, predating the round
Rasmal Ventures is backed by the Qatar Investment Authority, and Further Ventures is backed by Abu Dhabi sovereign capital, . That places Gulf state-linked capital inside a raise for a company that was never founded in the region, and whose two headline public deals prior to this round, an earlier fund round and its own product build, weren’t GCC-specific.
What predates the sovereign capital is Yuno’s actual GCC infrastructure. In February 2026, , a MENA-licensed payment institution serving more than 120,000 businesses including TikTok, Talabat and Keeta. That partnership gave Yuno’s merchants access to Tap’s regulated rails across all six GCC states, Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar and Oman, including local schemes like Mada, KNET and NAPS.
Yuno’s Saudi arm separately received Payment Technical Service Provider certification from the Saudi Central Bank in April 2026, and the company partnered with BNPL provider Tabby, reaching more than 25 million shoppers across Saudi Arabia and the UAE.
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Why it matters
Founder and chief executive Juan Pablo Ortega, has said “being local everywhere is the hardest problem in payments, and anyone starting on it today is at least two years behind.” Yuno’s answer has been to plug into already-licensed regional partners rather than build its own local entity in each market, the same model behind its GCC rollout via Tap Payments.
Yuno reports recovering more than $5 billion in failed transactions and lifting authorisation rates by roughly 5% for merchants over the past year, and is targeting $100 billion in annual transaction volume within 12 months, figures that now cover whatever volume already runs through the GCC via Tap.
The sequencing matters more than the funding amount. Most global fintech rounds get covered in a regional market purely on the strength of stated expansion plans. Here, the market access, licensed rails across all six GCC states, a Saudi Central Bank certification, a large regional BNPL partnership, was live for months before this round closed, and two of the round’s own investors carry direct ties to Gulf sovereign wealth.
What’s next
Whether Yuno moves from a rails partnership towards its own licensed presence in the region, rather than continuing to operate through Tap Payments, is the more concrete signal to watch next.
