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

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

Date:

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.

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