Yaydoo: Acquires Oyster Financial
- Yaydoo builds and distributes financial automation technologies that help businesses streamline B2B payments
- The acquisition consolidates its position as the largest B2B payments solution provider in the Latin-American market
- Vilash Poovala, CEO of Oyster Financial and previously CTO of Clip, will become Chief Technology Officer
- The acquisition comes about as a result of the complementary potential of the two companies’ solutions
- The combined solution allows payments and collections to be made through various leading financial management software
- The combined organization will leverage Oyster’s integrations and functionalities to expand its distribution channels
