Yuno Secures $25M For Expansion Into Europe And Asia

SINGAPORE - In a significant move for the global payments industry, Yuno, a leading payments orchestration platform, has announced a successful Series A funding round, securing US$25 million. This financial injection comes from a consortium of high-profile investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees. The company, co-founded by tech entrepreneurs Juan Pablo Ortega and Julián Núñez, is poised to expand its innovative payment solutions further into North and South America and break new ground in Europe, Asia, and Africa.

Yuno's platform is revolutionizing the way businesses handle payments across various sectors such as retail, e-commerce, travel, and mobility. With clients like McDonald's, Avianca, inDrive, and Rappi benefiting from its services in over 50 countries, Yuno offers features like one-click checkout modifications and smart routing. These innovations streamline the integration of data from all payment processors and anti-fraud tools into a single interface, simplifying transactions for businesses worldwide.

The recent funding will bolster Yuno's operations and facilitate its entry into new markets. This expansion is expected to benefit Yuno's customers significantly by providing more tailored and reliable payment solutions suitable for different geographical needs. Juan Pablo Ortega remarked on the funding round's success, highlighting it as a validation of Yuno's vision and its role in advancing the global payments industry. Julián Núñez emphasized the importance of this financial milestone in enhancing Yuno's technological infrastructure and expanding its professional team to meet the diverse demands of the global market.

Saurabh Gupta, Managing Partner at DST Global, expressed enthusiasm for supporting Yuno's next growth phase. He commended the founders' entrepreneurial spirit, the strong team and customer base they have established, and the company's continuous innovation in online payments.

As Yuno prepares to leverage this new round of investment to scale its operations and explore new markets, the global payments landscape looks set to benefit from more efficient, reliable, and innovative solutions that cater to an increasingly digital economy.