The Venture Codex Logo

The Venture Codex

Rasmal Ventures

Office 1505, Floor 15 Burj Al Fardan, Marina District, Doha, Ad Dawhah, 26660, Qatar

Overview

Rasmal Ventures, Qatar's first independent VC, backs top Qatari and MENA startups, and global firms entering the market.

Total investments
3
Lead investments
1
Investments · 12mo
2
Active investors
2
Visit website

Investment portfolio

  • Yuno

    Participated · Series B · Aug 2026

    Yuno provides an AI-native payments and financial services operating system that connects customers through a single API to payins, payouts, fraud prevention, KYC/KYB, and stablecoins at global scale. The platform is agnostic by design and connects to over 1,000 payment methods and 460+ integrations across 190+ countries, with intelligent routing, one-click checkout, and AI-powered fraud detection. Over the past year the company recovered more than $5 billion in otherwise-failed transaction volume, increased authorization rates by about 5%, saved customers over $500 million in processing costs, and added 150 new integrations. Global brands using Yuno include McDonald's, NetEase Games, GoFundMe, inDrive, and Rappi, and Yuno partners with providers such as dLocal and Prosa to white-label its technology. Founded in Colombia in 2022, the company is expanding its product footprint into in-person payments and agentic commerce while scaling its presence in the United States and deepening regional coverage in the Middle East.

  • Roamless

    Led · Series A · Dec 2025

    Founded in 2023 in Türkiye and now headquartered in the United States, Roamless offers a borderless mobile connectivity platform built around a single global eSIM. The service gives travelers pay-as-you-go and trip-based data plans across more than 200 countries without swapping physical SIM cards. Powered by its own cloud-based, carrier-grade infrastructure that manages hundreds of networks, Roamless claims greater control over customer experience than typical resale models. The company reports serving over one million travelers and partnering with firms in travel, aviation, and financial services. Near-term product plans include Roamless Numbers for local phone numbers in 20+ countries, voice and SMS capabilities, partner APIs, and AI-driven features to enhance network quality and surface contextual offers. It is also investing in B2B integrations so airlines, airports, OTAs, financial institutions, and super-apps can embed connectivity within their customer journeys. Future efforts will focus on expanding network coverage, scaling go-to-market and support teams, and deepening supplier and corporate partnerships.

  • TeamSec

    Participated · Equity · Jan 2025

    TeamSec provides a SaaS, AI-powered securitization platform that delivers end-to-end securitization services to financial and non-financial institutions. Its platform offers capital optimization and working capital solutions and supports credit securitization for financial institutions, invoice receivable securitization for corporates, and trade finance for international trade companies. The company markets its solution as Securitization-as-a-Service for the structured finance industry. TeamSec is led by Founder and CEO Esad Erkam Köroğlu and is based in Dubai, UAE. The company raised USD7.6m in funding to support its operations and growth plans. It intends to use the proceeds to accelerate growth, pursue rapid expansion in the Middle East and North Africa (MENA) region, diversify its product and service portfolio, and enhance existing offerings.

Team