Paystand Acquires Yaydoo

Paystand, the company that is changing B2B payments with a modern infrastructure built on SaaS, announced this week that it had acquired Yaydoo, one of Mexico’s 100 fastest growing startups. The acquisition comes amidst general economic uncertainty and a downcast Fintech environment, opening up a horizon of hope and opportunity, not only for other tech startups but also for Latin American businesses.

Jeremy Almond, CEO of Paystand shared “There is a significant market opportunity in front of Paystand and Yaydoo. With its scale, the combined company could be on a path to an Initial Public Offering (“IPO”) in the next 2 years, re-opening IPO capital access to the tech sector that is struggling in a recession-prone environment.”