Walkers advises Pyypl on its US$ 11 million Series A Round

Walkers has advised Dubai-based blockchain start-up, Pyypl, on the successful raising of US$ 11 million in funding for its Series A round. Participants in the round included a diverse range of international family offices, as well as high-net-worth individuals. Pyypl provides digital payments and financial services for smartphone users to carry out online transactions, without the need for a bank account or credit card. The new capital will be deployed to continue Pyypl's growth in its core GCC markets and expand further in Africa, particularly Kenya and Mozambique.

Walkers acted as BVI legal counsel for Pyypl on the early-stage funding round, alongside Al Tamimi & Company as lead counsel.

Daniel WoodManaging PartnerT +971 4 363 7912daniel.wood@walkersglobal.com
Reghard SmithSenior AssociateT +971 4 363 7931reghard.smith@walkersglobal.com

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