Latam based #fintech Yuno closes a round at the valuation of $150 million.
#Yuno, a two-year-old startup specializing in payments orchestration, skyrockets to a staggering $150M valuation. This significant milestone is supported by a robust investment from prestigious backers such as DST Global Partners, Andreessen Horowitz, Tiger Global Management, KASZEK Ventures, and monashees.
Originating from Latin America, Yuno is redefining the global payments landscape. Traditionally, multinational companies juggled numerous payment providers, acquirers, and banks to meet their global transaction needs. Yuno offers a transformative solution by integrating over 300 payment methods along with advanced features like fraud detection, one-click checkout, and smart routing technology into a single orchestration layer. This innovation simplifies payment processes, enhancing efficiency and security.
The importance of Yuno's offering is underscored by its impressive client roster, including giants like McDonald's, Rappi, avianca, and inDrive, showcasing its capability to manage transactions across over 40 countries. This development highlights the growing recognition and demand for payment orchestration solutions, particularly in markets like Latin America, where cross-border transactions face unique challenges such as currency conversion and non-credit card payments.
Yuno's latest funding round, led by DST Global Partners with a $25 million Series A investment, will fuel its expansion into Asia, Europe, and Africa. It also signifies the company's commitment to enhancing its platform and extending its global footprint, with operational bases in New York and Singapore poised for growth.
As Yuno, founded by Julián Núñez and Juan Pablo Ortega, embarks on this next phase, it stands out for its focus on serving large enterprises, a niche that sets it apart from competitors primarily targeting small and medium businesses. With over 150 integrations worldwide, Yuno is set to become one of the main player in the global payments orchestration market—projected to reach nearly $7 billion by 2032—but a leading innovator driving change.
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