FinTech news in Kaszek category

The company raised $230 million in an equity and debt Series A round last year, led by Kaszek, and since then expanded into Mexico, growing its client roster over five times to 15,000, growing Mexico revenue by 60 times and launching its new Xepelin Payments product 90 days ago that enables users to organize and automate payments to suppliers, with and without financing.

The ability to raise a relatively large seed round so soon after inception speaks to the experience of the company’s founders, which include Juan Pablo Ortega, the co-founder of on-demand delivery unicorn Rappi (which as of last July was valued at $5.25 billion) and Julián Núñez, an early Rappi employee. Yuno wants to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods.