Blockchain-enabled B2B payments company PayStand has acquired Mexican FinTech Yaydoo, marking what the company called “one of the biggest technology unions” in Latin America.
PayStand said in a Wednesday press release that the scale of the combined company could put it on the path to an IPO in the next two years.
“The combined company will be one of the first global B2B blockchain platforms at a significant scale,” said PayStand CEO Jeremy Almond in the release. “The resulting company will have processed over $5 billion in payments, added 300 additional employees, and built a network of over 500,000 connected businesses, the largest of any commercial B2B blockchains in the world.”
