Yassir

Yassir

On-demand ride-hailing and delivery services

About Yassir

Simplify's Rating
Why Yassir is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Fintech

Company Size

1,001-5,000

Company Stage

Series B

Total Funding

$175.2M

Headquarters

Palo Alto, California

Founded

2016

Overview

Yassir operates as a super app in the Maghreb region, providing a variety of daily services to users in 45 cities across Algeria, Morocco, and Tunisia, and has recently expanded into France, Canada, and Sub-Saharan Africa. The app offers on-demand services such as ride-hailing and last-mile delivery, making it easy for users to access transportation and delivery options. In addition to these services, Yassir is introducing financial services that allow users to pay, save, and borrow money digitally, which supports the shift towards a digital economy. What sets Yassir apart from its competitors is its focus on creating a marketplace that not only meets the practical needs of its users but also incorporates social values. The company's goal is to enhance the daily lives of people by providing a comprehensive platform that integrates various services while promoting community and social responsibility.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Yassir's expansion into financial services aligns with Africa's digital payment growth.
  • The integration of AI can enhance Yassir's ride-hailing efficiency and user experience.
  • Growing demand for eco-friendly transport offers Yassir a chance to lead in green solutions.

What critics are saying

  • Increased competition from super apps like Gozem threatens Yassir's market share.
  • Regulatory challenges in Algeria could impact Yassir's digital payment operations.
  • Cybersecurity threats pose risks to Yassir's expanding financial services.

What makes Yassir unique

  • Yassir is a leading super app in the Maghreb region, offering diverse services.
  • The company integrates ride-hailing, delivery, and financial services into one platform.
  • Yassir emphasizes social values alongside its marketplace offerings, setting it apart.

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Funding

Total Funding

$175.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$150M
Yassir

Benefits

Stock Options

Remote Work Options

Paid Holidays

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-1%
Finextra
May 21st, 2024
Super Apps: What’S In A Name?

The phrase super apps has gained currency in recent years, generally used to mean a digital one-stop-shop for a range of services. The likes of Uber and DoorDash have expanded their offerings beyond their core services, while Revolut refers to itself as. a ‘financial super app’ in its marketing, and the recent IPO of Kazakh fintech Kaspi.kz at a valuation of $18bn brought the concept further into the mainstream. It is, however, a pretty vague concept, and one I think merits unpacking further. To do so, I sat down with my colleagues Thomas Rubens and Guy

TechCrunch
Nov 7th, 2022
Yassir Pulls In $150M For Its Super App, Led By Mary Meeker’S Bond

Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. The investment was led by BOND, the growth-stage firm that Mary Meeker spun out of Kleiner Perkins in 2018. Other investors in the growth round include DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, and Y Combinator via its Continuity Fund, among other strategic investors

TechMoran
Nov 29th, 2021
Algerian transport startup Yassir secures $30m Series A funding round for expansion. : TechMoran

Yassir, an Algerian on-demand transportation platform, has raised a $30 million Series A funding round to enable it expand into…

Ventureburn
Mar 17th, 2020
Here are the African startups and Africa-focused firms from Y Combinator’s W20 Demo Day

Thirteen African and Africa-focused startups graduated yesterday in US accelerator Y Combinator's latest batch. Each can have netted $150 000 in funding.

Disrupt Africa
Mar 17th, 2020
13 Africa-focused startups take part in Y Combinator accelerator, bank US$150k

Thirteen startups focused on Africa or with African founders took part in the just-concluded Y Combinator W20 batch, banking US$150,000 in funding.

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