Paystand Buys Yaydoo - Potential IPO On The Cards

Blockchain-based digital payments service provider PayStand has acquired Mexico-based financial automation technology startup, Yaydoo. The financial terms were not disclosed.
The deal will facilitate and enhance a blockchain platform focused on cash flow management and liquidity solutions for businesses in the U.S. and Latin America.
“DeFi-enabled B2B payment networks that are on-chain can unlock transformative working capital efficiencies and make financial services more fair and open, especially in developing markets like LATAM,” said PayStand CEO Jeremy Almond.
The combined company could be on a path to an Initial Public Offering (IPO) in the next two years.
Both PayStand and Yaydoo offer technology-enabled B2B solutions for automating transactions, payment, and bill collection processes.
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