2-year-old LatAm fintech Uno reaches $150M valuation with backing from DST, Tiger, a16z

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A few years ago, payments orchestration was a foreign term to many of the large companies Juan Pablo Ortega spoke to. Today, the co-founder and CEO of Uno doesn’t need much convincing.

“The perception has changed dramatically,” Ortega told TechCrunch. “Many larger companies now know very well what paid orchestration is, and in fact some of them are just starting to put out requests for proposals for orchestration.”

Those multinational companies typically use half a dozen payment providers, acquirers and banks to service their needs around the world, but Uno says they only need one global payments orchestration provider. Payment orchestration is a way to integrate all those payment providers and financial institutions into one layer to replace the individual services technology global companies already use to facilitate each payment conversion. The company launched its product in October 2022 to offer a wide range of payment methods – over 300 in fact – along with fraud detection capabilities, one-click checkout, and advanced smart routing technology.

TechCrunch covered the Colombian payments startup when it was newly formed and raised $10 million from some heavy-hitting investors including Andreessen Horowitz. Today, Uno facilitates transactions in more than 40 countries around the world and works with enterprise customers such as McDonald’s, Rappi, Avianca and Indrive.

Uno, Payment Orchestration, Latin America

Uno’s Payment Dashboard. (Image credit: Yuno)

The value of the global payments orchestration market is projected to reach approximately $7 billion by 2032. In Latin America, especially, merchants trying to cater to customers in other countries have to figure out how to collect different currencies and from customers who don’t have credit cards.

The potential opportunity has attracted companies from around the world hoping to grab a piece of that pie, such as Gr4v, Plug and Ravio. Similar to Uno, which has raised capital from top investors, Colombia-based Symmetric is also developing a payments infrastructure and is now backed by Goldman Sachs.

Ortega says many of Uno’s competitors focused on solving payment systems for small and medium businesses, and many were not building infrastructure for larger enterprises.

“We’re one of the few orchestrators that really has worldwide integration,” Ortega said. “Today we have over 150 integrations that enable companies to access payment methods that require payment processors across all different continents.”

In the past year, Uno has attracted the attention of leading investment firm DST Global Partners, which recently injected $25 million Series A into the company. DST was joined by Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees. That new round of capital gives Uno a $150 million valuation, Ortega said.

The funding will be used to strengthen Uno’s presence in Asia, Europe and Africa and to continue investing in building out its payments infrastructure orchestration platform.

“We will continue to build out our sales, product and technology teams during the first quarter,” Ortega said. “In addition to Latin America, we also have offices in New York and Singapore, so having a greater presence in those markets will be important this year.”



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