Blockchain-enabled B2B payments company Paystand acquires Mexican startup Yaydoo

[Blockchain-enabled B2B payment company Paystand acquires Mexican start-up company Yaydoo] According to Jinse Finance, the US-based blockchain-enabled B2B payment company Paystand has acquired Mexican payment startup Yaydoo. The terms of the transaction were not disclosed. Paystand operates in the US and Canada, while Yaydoo focuses on Latin America, including Colombia, Peru and Chile. Together, the two companies serve 500,000 customers and process more than $5 billion in payment volume. Following the acquisition, the two companies will continue to operate independently but will cross-sell products.

According to previous reports, in July 2021, Paystand raised US$50 million in Series C financing, with SoftBank’s SB Opportunity Fund and King River Capital participating. Yaydoo completed a US$20 million Series A financing in August 2021, co-led by Base10 Partners and monashees, as well as SoftBank Latin America Fund and Leap Global Partners.

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