Saudi-based insurtech startup, Yasmina, has secured $2 million in a Seed round led by Scene Holding and Access Bridge Ventures, with participation from Arzan VC and Sanabil 500.

More to Know:

• Yasmina offers an embedded insurance platform that enables digital businesses to provide insurance services to customers in under 48 hours through API integration.
• The company states that since its inception, it has partnered with HR, travel, real estate, and automotive platforms.
• The funding will be used for hiring, platform development, and expansion plans into the UAE this year and Egypt next year.
• Founded by Masoud Alhelou and Bashar Abalkhail in 2023.

Related Comments:

• Masoud Alhelou, Yasmina’s Co-founder and CEO, commented: “This round is a strong vote of confidence in our vision to simplify insurance across digital touchpoints. We’re proud to be the first embedded insurance platform in Saudi Arabia, and this funding will help us scale faster, serve more partners, and redefine how protection is offered in the region.”

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