Colombia’s Yuno plots expansion following $25m Series A round

Colombian Fintech Yuno Raises $25M in Series A Funding:

1. Funding Round Details:
   • Yuno, a Colombian payments orchestration platform, has secured $25 million in a Series A funding round.
2. Investors:
   • The funding round was led by investors such as DST Global Partners, Andreessen Horowitz, Kaszek Ventures, Monashees, and Tiger Global.
3. Current Services:
   • Yuno, founded in 2022, offers services to clients in 40 countries, providing transaction routing, no-code webhooks, reconciliation, checkout functions, audit logs, and other business services through its payments orchestration platform.
4. Usage of Funds:
   • Yuno plans to utilize the capital to strengthen its operations across the Americas and expand into new markets in Europe, Asia, and Africa.
5. Previous Funding:
   • The Series A funding follows Yuno’s $10 million seed funding round in 2022.
6. Valuation:
   • The Series A funding values Yuno at $150 million, according to Juan Pablo Ortega, CEO and co-founder of Yuno.
7. Growth and Development:
   • The funding is expected to play a pivotal role in advancing Yuno’s technological infrastructure, expanding its team, and developing market strategies to strengthen its presence across different geographies.
8. Colombia’s Fintech Scene:
   • The success of Yuno’s funding round reflects the increasing capital inflow into Colombia’s growing fintech sector, with recent notable funding rounds for fintech companies Bold and Simetrik.