Yuno, a platform that orchestrates payments across different methods and regions, has secured $25 million in a Series A round led by DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees, a financial news release noted.
The company, founded by Juan Pablo Ortega and Julián Núñez, aims to revolutionize various industries such as retail, e-commerce, travel, and mobility by offering fast and reliable payments solutions. Yuno serves clients like McDonald’s, Avianca, inDrive, Rappi, and more in 40 countries, with features like one-click checkout modifications, smart routing, and a unified interface for all payment processors and anti-fraud tools.
With the new funding, Yuno plans to expand its operations in the Americas and enter new markets in Europe, Asia, and Africa. The company says its customers appreciate its innovative approach to integrating diverse payment methods, which helps them grow their businesses with ease and reliability.
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Juan Pablo Ortega, CEO and Co-founder at Yuno, commented: “This financial backing validates our vision and our ability to take the global payments industry into the future, helping fuel positive change across many different sectors of the economy. We are thrilled to bring our cutting-edge solutions to new markets.”
Julián Núñez, Co-founder at Yuno, added: ”Yuno is already successfully facilitating financial transactions in over 40 countries, highlighting our versatility and adaptability in meeting the diverse demands of the global market. This latest round of funding will play a pivotal role in advancing Yuno’s technological infrastructure, expanding our team of exceptional professionals, and crafting innovative market strategies to strengthen our presence across different geographies.”
“We’re happy to be supporting Yuno in the next phase of its growth,” said Saurabh Gupta, managing partner at DST Global. “We’re impressed by the entrepreneurial track record of its founders, the strong team and customer base they’ve built, and the company’s proven ability to keep innovating in online payments.”
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