Yallacompare, a Dubai-based comparison platform just raised $8 million in its latest round of funding, led by existing investors STC Ventures and Wamda Capital. The startup has also attracted new investors, Argo Ventures, the investment arm of international insurance company Argo Group.
According to Wamda, Yallacompare will be using the new funds to expand to Egypt by the end of the first quarter of 2019 while also increasing their market share in the UAE and Kuwait.
Jonathan Rawling, Chief Financial Office at
The startup is currently working with insurance companies to automate processes and interaction with customers to encourage them to purchase online.
“It’s growing, we’ve seen four times as many people buying online last year compared to 2017. It’s a confidence thing, it’s a new industry before people spend a lot of money, they might want to hear a voice on the phone. We think we’re changing that and it will continue to improve,” Jonathan states.
Chief Executive Officer at
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