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Yup has raised $4.0M across 1 funding round.
Key people at Yup.
Yup was founded in 2016 by Naguib Sawiris (Founder / CEO).
Yup has raised $4.0M in total across 1 funding round.
Yup operates as a digital credit platform from Finture, delivering accessible financial services. It provides credit-led neobanking solutions, offering convenient and affordable credit access to underserved populations across Southeast Asia. The platform functions as a payment tool, streamlining transactions and addressing gaps in conventional banking.
Finture was established in 2020 by co-founders Dong Zhang and Matt Zhili Zou; Yup launched services in 2021. Dong Zhang, also known as Donny Zhang, leverages experience from management consulting, venture capital, and prior executive roles in digital lending. The founders identified a market need for extending financial access to those without traditional credit.
The platform serves individuals seeking inclusive financial instruments, particularly those excluded from established banking systems. Yup envisions becoming a leading digital financial institution in Southeast Asia, broadening credit access and evolving the payment landscape. It aims to foster a robust digital banking environment.
Yup was founded in 2016 by Naguib Sawiris (Founder / CEO).
Yup has raised $4.0M in total across 1 funding round.
Yup has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $4M Seed | — | — | Announced |
Key people at Yup.
Yup is a decentralized social platform founded in 2019, operating as a Web3 social aggregator that enables users to connect accounts across multiple networks, post content cross-platform, aggregate notifications, customize feeds, and engage with unique content like articles and NFTs[1]. It rewards users for curating and sharing content, targeting creators and users in the blockchain, cryptocurrency, and social networks sectors, with total funding of $3.5M across seed rounds, including recent backing from Nascent, IDEO CoLab Ventures, and Farcaster co-founder Dan Romero[1][2]. The platform solves fragmentation in social media by streamlining identity and audience building for creators, showing growth momentum through its latest undisclosed funding in July 2024 and a Mosaic Score increase of +63 points in the past 30 days[1].
Note: Multiple companies share the "Yup" name, including an education tutoring app (yup.com, founded 2014, San Francisco-based with $23.5M revenue)[3][5] and a web/mobile dev firm in Azerbaijan (2017)[4]. This profile focuses on the prominent Web3 social platform (yup.io, New York-based), as it aligns with active VC funding and tech ecosystem relevance[1][2].
Yup was founded in 2019 in New York, United States, entering the social media space with a focus on decentralization amid rising interest in Web3 technologies[1]. Specific founders are not detailed in available sources, but the company quickly progressed through seed funding stages, raising $3.5M from investors like Nascent, IDEO CoLab Ventures, Dan Romero (Farcaster co-founder), LD Capital, and Distributed Global[1]. Early traction built on aggregating social interactions across platforms, evolving into a rewards-based model for content curation by 2024, marked by a pivotal new funding round announced via Binance News, emphasizing creator tools for unified identities[1][2].
Yup rides the Web3 social trend, capitalizing on blockchain's push for user-owned data and decentralized identities amid centralized platforms' privacy concerns[1][2]. Timing aligns with 2024's surge in social aggregators, as seen in Farcaster's growth and investor interest from crypto natives like Dan Romero, amid market forces like NFT resurgence and cross-chain interoperability[1]. It influences the ecosystem by empowering creators to bypass platform lock-in, competing with Steemit and UHIVE while amplifying Web3 adoption through simplified multi-network engagement[2].
Yup's trajectory points to expanded Web3 integrations, potentially scaling rewards via tokenomics or AI-driven curation as decentralized social matures. Trends like modular blockchains and socialFi will shape it, evolving its influence from aggregator to ecosystem hub—building on its decentralized roots to redefine cross-platform connection in a post-centralized media world.
