Yango Ventures, the early stage investment arm of the technology group Yango, has made its first bet in the Middle East and North Africa, joining the funding round of the United Arab Emirates business finance startup Comfi, according to Gulf Business. The move is an entry into a regional market that has drawn a steady flow of international capital into financial technology.
Inside the round
Comfi raised 65 million dollars in a pre-Series A round that combined equity and debt, as Fintech News reported. The equity portion was led by Dubai based Iliad Partners, with participation from Yango Ventures and Raw Ventures, both making their first investments in the region. The package also included a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, alongside a family office. Comfi was founded in 2023 and is headquartered in the UAE.
What Comfi does
Comfi works in the business to business buy now, pay later space, a corner of financial technology aimed at the cash flow gap that slows small and medium sized companies. Its product lets suppliers offer customers payment terms of up to 90 days while the supplier itself is paid within 24 hours, with Comfi carrying the financing in between, as described by Wamda. The company says the model helps merchants buy stock and grow without waiting on slow paying invoices.
Why a mobility group is backing it
Yango Ventures was launched in 2025 with a fund of no more than 20 million dollars, and it invests in early stage companies across the Middle East, Africa, Latin America and South Asia, with a focus on the infrastructure that supports business growth in emerging markets. Comfi fits that brief, since embedded business finance sits underneath much of the trade these markets run on. For Comfi, the round adds a strategic backer with operating experience in several of the regions it wants to reach.
The wider picture
The deal is one more sign that capital is concentrating around financial infrastructure in the Gulf, where payments, lending and embedded finance have absorbed a large share of recent startup funding. For the UAE in particular, a steady run of first time regional bets by international investors points to a market that global funds increasingly treat as a base rather than an experiment.
