According to TheNationalNews, UAE-based FinTech Pyypl has raised $20 million in a series B funding round and will use the proceeds to expand its financial inclusion plans in the Middle East and Africa.

A diverse group of international investors and 10 existing investors participated in the funding round, Pyypl said on Monday, without disclosing the details of the investors.

“We welcome our new investors and appreciate the further investment from our existing shareholders in support of our financial inclusion journey,” co-founder and chief executive Antti Arponen said.