# yallacompare FZ-LLC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yallacompare-fz-llc

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.yallacompare.com
- Total disclosed funding: $15M
- Latest round: Series C (Jan 6, 2019)
- Investors on record: 7

## About

Yallacompare FZ-LLC is a financial comparison platform that helps consumers in the Middle East compare banking and insurance products, facilitating informed decisions and providing essential coverage options.Founded in 2011 and headquartered in Dubai, United Arab Emirates, yallacompare specializes in financial services, primarily focusing on insurance products. The company has engaged in 8 deals, with the most recent funding round taking place on May 3, 2020, raising USD 4.25 mn from Gulf Insurance Group.Yallacompare offers a comprehensive financial comparison platform specializing in banking and insurance products tailored for consumers in the Middle East, specifically the UAE market. Their core product offerings primarily include car insurance, health insurance, life insurance, home insurance, travel insurance, and pet insurance. The platform allows users to compare prices, features, and benefits from various providers, facilitating informed decision-making for individual and family needs. The service addresses key consumer pain points, such as affordability and accessibility of essential insurance products, aiming to ensure peace of mind for users by providing full protection across different domains.Yallacompare generates revenue through a commission-based model where insurance providers pay for leads generated via the platform. This transaction structure involves direct-to-consumer interactions, enabling users to receive instant quotes and purchase policies online. Upon completing a brief questionnaire on the platform, users can obtain tailored insurance quotes from multiple providers, streamlining the comparison process. The company emphasizes its commitment to providing the best rates and coverage options, which is vital for attracting a larger client base. Revenue is additionally supported by potential partnerships with insurers who may offer exclusive deals through yallacompare, enhancing the platform's appeal while solidifying its position as a finance comparison site in the region.In May 2020, yallacompare FZ-LLC raised USD 4.25 mn in venture funding from Gulf Insurance Group, which will be utilized to enhance their platform and expand their service offerings. The company aims to introduce new insurance products and improve their existing comparison tools to better serve consumers. Yallacompare is also looking to expand its operations into other Gulf Cooperation Council (GCC) countries by 2023, further extending its reach in the region.

## Funding rounds

- Series C, Jan 6, 2019, $8M — IRIS, Wamda Capital, Argo Ventures
- Series B, May 24, 2017, $3.5M — IRIS, Wamda Capital, Saned Equity Partners, Dtec Ventures
- Series A, Sep 13, 2015, $3M — IRIS, Dubai Silicon Oasis Authority, Wamda Capital
- Angel, Apr 1, 2014, $0.3M — Middle East Venture Partners

## Investors

- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Angel
- IRIS (https://capitalatlas.ai/funds/iris) — Series A, Series B, Series C
- Dubai Silicon Oasis Authority (https://capitalatlas.ai/funds/dubai-silicon-oasis-authority) — Series A
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series A, Series B, Series C
- Saned Equity Partners (https://capitalatlas.ai/funds/saned-equity-partners) — Series B
- Dtec Ventures (https://capitalatlas.ai/funds/dtec-ventures) — Series B
- Argo Ventures — Series C