Colombian fintech Yuno raised a $25M Series A round, reaching a $150M valuation. The investment was led by DST Global Partners with the participation of Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.
The capital will be used to strengthen Yuno’s presence in key markets in Asia, Europe, and Africa while continuing to invest in improving its payment infrastructure.
“We are going to keep building our sales, product and technology teams through much of the first quarter,” said Juan Pablo Ortega, co-founder and CEO of Yuno. “In addition to Latin America, we also have offices in New York and Singapore, so having more presence in those markets will be key for this year.”
Yuno simplifies the payment process for multinational companies such as McDonald’s, Rappi, Avianca, and inDrive by offering a single global payments orchestration provider. Payments orchestration integrates multiple payment providers and institutions into one layer.
Yuno launched its product in October 2022, providing over 300 payment methods, fraud detection, one-click checkout, and advanced smart routing technology.
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