Colombian Fintech Yuno Raises $25M in Series A Funding:
- Funding Round Details:
- Yuno, a Colombian payments orchestration platform, has secured $25 million in a Series A funding round.
- Investors:
- The funding round was led by investors such as DST Global Partners, Andreessen Horowitz, Kaszek Ventures, Monashees, and Tiger Global.
- 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.
- 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.
- Previous Funding:
- The Series A funding follows Yuno’s $10 million seed funding round in 2022.
- Valuation:
- The Series A funding values Yuno at $150 million, according to Juan Pablo Ortega, CEO and co-founder of Yuno.
- 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.
- 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.
