Colombia’s Yuno plots expansion following $25m Series A round
Colombian payments orchestration platform Yuno has bagged $25 million in a Series A funding round led by a coalition of investors.
Colombia’s Yuno raises $25m Series A
Its backers include venture capital firms DST Global Partners, Andreessen Horowitz, Kaszek Ventures and Monashees, as well as US-based investment firm Tiger Global.
Founded in 2022, Bogotá-based Yuno currently claims to service clients across 40 countries worldwide with transaction routing, no-code webhooks, reconciliation, checkout functions, audit logs and other business services through its payments orchestration platform.
The start-up says it will leverage its latest capital raise – which builds on its $10 million seed funding round of 2022 – to “strengthen” its operations across the Americas, with the intention to also tap new markets in Europe, Asia and Africa.
Juan Pablo Ortega, CEO and co-founder at Yuno, tells TechCrunch that the Series A now values the company at $150 million.
The start-up’s other co-founder, Julián Núñez, adds that the funding will play “a pivotal role in advancing Yuno’s technological infrastructure”, as well as enabling the firm to expand its team and develop “market strategies to strengthen our presence across different geographies”.
The success of Yuno’s Series A highlights the increasing amount of capital flowing into Colombia’s burgeoning fintech scene, which has most recently been evidenced through merchant-focused fintech Bold’s $50 million Series C and B2B payments solutions platform Simetrik’s $55 million Series B, both of which were announced last month.
