Yuno, a top-tier global payments orchestration platform, revealed that it successfully raised $25 million from a group of renowned investors, which includes DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.
Established by seasoned tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno provides rapid and dependable payment orchestration services, contributing to the transformation of retail, e-commerce, travel, mobility, and various other sectors. Yuno caters to a diverse clientele including McDonald's, Avianca, inDrive, Rappi, and others spanning across 50 nations. It introduces inventive functionalities such as streamlined one-click checkout adjustments, intelligent routing, and the amalgamation of data from multiple payment processors and anti-fraud mechanisms into a cohesive interface.
The capital raised in this Series A round will bolster Yuno's presence in both North and South America while also facilitating its expansion into fresh markets across Europe, Asia, and Africa. This expansion aims to enhance the experience for Yuno's clientele, who already appreciate the company's inventive method of seamlessly integrating various payment methods. This approach not only supports their own growth but also offers user-friendly, dependable, and customized solutions tailored to different regions.
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 50 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".