MEXICO CITY, Aug 3 (Reuters) – Tech startups Paystand and Yaydoo introduced on Wednesday a merger to make manner for a blockchain platform centered on money circulate administration and liquidity options to companies in america and Latin America.
U.S.-based Paystand and Mexico’s Yaydoo stated in a press release that the deal kinds a B2B fintech unicorn, which they stated was a primary. They didn’t disclose additional particulars on the deal.
“It’s going to permit blockchain-based enterprise options to be extra accessible throughout the Americas,” the assertion stated.
Each corporations provide a variety of B2B options primarily based on expertise for the automation of transactions, fee processes and bill assortment.
The brand new firm might be on monitor for an IPO throughout the subsequent two years, the assertion added.
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Reporting by Kylie Madry; Writing by Valentine Hilaire; Enhancing by Cynthia Osterman
Our Requirements: The Thomson Reuters Trust Principles.
