Paystand Acquires Yaydoo to Form the World’s Largest B2B Receivables, Payables, and Payments Network Running on a Commercial Blockchain

AP, AR, and Payments Synergy Unleashes Unprecedented Working Capital Efficiency for U.S. and LATAM Businesses in an Inflationary Environment. The Combined Entity Forms 2022’s First and Fastest Growing DeFi Fintech Unicorn.

Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, today announced the acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. The deal represents one of the biggest technology unions in Mexico and LATAM and makes commercial blockchain-based solutions more accessible across the Americas.

In the midst of economic uncertainty, the fusion of the two firms opens a horizon of hope and opportunity, not only for other tech startups but also for Latin American businesses. Both PayStand and Yaydoo offer a wide range of technology-enabled B2B solutions for automating transactions, payment, and bill collection processes.

The two companies have built best-in-class AR / AP solutions designed for the needs of both U.S. and LATAM businesses of all sizes. They have succeeded in creating B2B DeFi payment networks in both the U.S. and Mexico, creating a network effect, and now set their sights on connecting their platforms through a single, open, instant and secure global payment network.

Jeremy Almond, CEO of PayStand, comments: “Together, PayStand and Yaydoo will redefine the boundaries of B2B fintech across the continent. The combined company will be one of the first global B2B blockchain platforms at a significant scale. 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.”

Almond continued, “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. And we believe this industry disruption across borders and using DeFi blockchain can shift the balance of power from traditional financial institutions and governments to buyers, and sellers, benefitting business and society.”

Traditional Payment Sector Slowing the Economy

In the U.S., persistent inflation and higher interest rates have made working capital more important and ever more difficult to come by. As CFOs hunt for more cash, they increasingly look to technology to achieve greater economies in the mission-critical cash cycle.

According to Deloitte, nearly 50% of the $18 trillion in commercial payments in the U.S. are still paper checks, and the vast majority of the rest are still performed through a manual or pre-internet process. Automation using Web3 technologies across AR, AP, expense, procurement, and payments in a unified platform offers huge cash advantages to enterprises, helping the U.S. B2B payment market to hit a projected CAGR of more than 8% over the next five years.

Meanwhile, the global B2B payments market reached a value of $940 billion in 2021 according to Goldman Sachs, and AR/AP software accounted for $130 billion of the total market size. Though this existing market size is significant, it only accounts for the companies that are already using software or digital AR/AP solutions. In LATAM, less than 5% percent of companies are digitized, implying that the B2B payments opportunity in places like Mexico and other emerging markets offers a much larger green field.

“Yaydoo and Paystand have enabled B2B payment networks through their AR/AP software landscape. Now it’s time to join forces and deliver solutions that will simplify and digitalize trade among the U.S. and Mexico, unlocking a set of opportunities for automating supply chain finance through the imports and exports of one of the most active trade corridors globally,” said Sergio Almaguer, CEO of Yaydoo.

“Connecting the U.S. and Mexico is only the first step. We understand very well that each country has its own payables and receivables solutions enabling B2B payments locally. We want to forge long-time alliances with all these organizations that already know their market in order to build a network that embraces the entire continent,” concluded Sergio, who will continue leading the Latin American expansion of the combined company.

This fusion at a time of economic uncertainty demonstrates the impact and growth potential of Latin American solutions such as Yaydoo. This is the first step of a bold roadmap the company is already executing.

The combined organization creates high-return synergies including access to new markets, product offerings, distribution channels, and talent. In the Americas, the combined company will have the capacity to expand from the U.S. to Canada, and from Mexico to Colombia, where Paystand’s and Yaydoo’s products can be distributed through existing channels and integration partners. Currently, the companies have already integrated globally with Oracle NetSuite, Sage Intacct, Xero, and with CONTPAQi in Mexico, enabling access to the largest and most sophisticated mid-market opportunity on the continent.

“This is a watershed moment for both companies, the B2B payments ecosystem as a whole, and for the blossoming Latin America tech ecosystem in particular,” said Roman Leal, Managing Partner of LEAP Global Partners. “Equally exciting for small and medium enterprises (“SMEs”) across the Americas, PayStand now represents the largest enterprise application leveraging blockchain technology to reduce the cost of digital payments and accelerate the time to cash. We believe this value proposition will resonate even more in this increasingly uncertain economic environment.”

There is a significant market opportunity in front of Paystand and Yaydoo. With its scale the combined company could be on a path to an Initial Public Offering (“IPO”) in the next two years, re-opening IPO capital access to the tech sector that is struggling in a recession-prone environment.

About Paystand

Paystand is on a mission to create an open and equitable commercial finance system, starting with a zero-fee network for B2B payments. Using blockchain and cloud technology, Paystand makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. In August 2021 Paystand was named to the Inc. 5000 List for the second year in a row. Paystand has raised $86 million and was named to the 2021 CB Insights Fintech 250 as one of the world’s most promising privately held fintechs. For more information about Paystand, visit us at Follow our blog, and connect with us on Twitter and LinkedIn.

About Yaydoo

Yaydoo builds and distributes financial automation technologies that helps businesses streamline B2B payments using software focused on procurement, spend management, accounts payable, and accounts receivable processes. Yaydoo is a leader in B2B fintech in LATAM, with a workforce of more than 150 employees located in more than six countries and impacting a network of more than 50 thousand companies that benefit from its solutions. It has been recognized as one of the 100 fastest-growing startups in Mexico according to Forbes, also as a “Súper Empresa 2022” and “Super Empresas para Mujeres 2022” both distinctions by Expansión Top Companies México.

Founded in 2017 by Sergio Almaguer, Guillermo Treviño, and Roberto Flores, Yaydoo creates technology that enhances business productivity and people’s well-being by helping them achieve their financial independence through innovation. In 2021, the company raised a Series A round of 20.4 million aiming to become the standard in B2B payments and access to liquidity in emerging markets. For more information about Yaydoo visit or follow us on Facebook and LinkedIn.

The Sopra Steria Group positioned as a Leader in the 2022 SPARK Matrix for Cloud-Native Application Development Services by Quadrant Knowledge Solutions

PARISMay 19, 2022 /PRNewswire/ — The Sopra Steria Group, a European Tech leader in consulting, digital services, and software development, today announces that it has been positioned “Leader” in the Quadrant Spark Matrix Cloud-native Application Development Services 2022. Quadrant Knowledge Solutions, a global advisory and consulting firm has released its first Spark Matrix Cloud-native Application Development Services. This report focuses on competitive intelligence in the global Cloud-native Development Services market and helps end-users from vertical industries perform a detailed vendor evaluation to support their digital transformation initiatives. Quadrant consultants have assessed 22 companies across the globe, based on their service capabilities, including quantitative and qualitative characteristics. The report notes that Sopra Steria provides a modular range of Cloud-native Application Development Services, including Digital Innovation Factory, enabling companies to support the changing needs of governance, innovation, human resources, technologies, and operations. It highlights Sopra Steria’s strengths:

  • Sopra Steria’s modern application development services include enterprise architect, low code, and Cloud-native application development. It helps clients provide a consistent user experience, whether hosted on a public, private, or hybrid Cloud.
  • Sopra Steria, with its deep expertise in engineering teams, helps its clients to reshape their Digital Software Factory, develop innovative applications, transform ideas into MVPs and iteratively drive all development stages to production.
  • The key differentiators of its services include its Discovery Assessment services, a next-generation data analysis and decision-making tools to improve clients’ efficiency, performing risk and vulnerability analysis, and its DigiLabs capability, an ideation space that combines innovative methods and tools to generate new ideas for products, services, and tools.

“More than ever, software propels the digital economy. Being at the nexus of business and technologies, modern software leads to a shift in reshaping the way teams ideate, develop, test and release to production. Our commitment is to help our customers to strategize and streamline these activities to make their business more innovative, productive, and sustainable. We are delighted to be recognized by Quadrant Knowledge Solutions as a Leader in the Cloud-native Development Services space,” said Béatrice Rollet, Group CTO – Digital and Cloud Services at Sopra SteriaSopra Steria’s deep expertise in cloud-native application development services and advanced migration services help its clients with cost optimization while improving innovation, scalability, and time to market, which drive its clients toward extensive cloud adoption. Sopra Steria delivers flexible, reliable, and scalable applications through the development of cloud-native applications, including Kubernetes, serverless functions, microservices & API-first architecture, and its end-to-end software engineering methods, and tooling, including Agile, Product, and DevOps principles,” stated Amandeep Singh, Analyst at Quadrant Knowledge Solutions. Additional Resources:

About Sopra Steria Sopra Steria, a European Tech leader recognised for its consulting, digital services and software development, helps its clients drive their digital transformation to obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to making the most of digital technology to build a positive future for its clients. With 47,000 employees in nearly 30 countries, the Group generated revenue of €4.7 billion in 2021.
The world is how we shape it.
Sopra Steria Group (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809
For more information, please visit our website

Press contacts: 
Sopra Steria: Alexandra Paléologue, +33 (0)6 79 75 48 83 – 
Sopra Steria: Elsa Estager, +33 (0)7 86 73 21 17 – 
Burson Cohn & Wolfe: Vincent Darricarrere, +33 (0)6 76 05 95 63,

About Quadrant Knowledge Solutions Quadrant Knowledge Solutions is a global advisory and consulting firm which mainly focuses on helping clients and allows them to achieve business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit

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Tappy and Visa Partnership to Bring Tabby Visa Card

Visa, a world leader in digital payment, has collaborated with Tabby, a Buy-Now-Pay-Later provider in the Middle East for simplifying in-store payments with the Tabby Visa Card.

Tabby enables shoppers to use its virtual Tabby card for free, and add it to Google Pay, Samsung Pay, or Apple Pay wallets. Further, they can click on the payment terminal at checkout to divide their fund.

Daniil Barkalov, COO and Co-Founder, Tabby, stated, “Despite e-commerce growing in popularity, almost 90% of retail shopping in the Middle East still happens offline. At Tabby, we set out to create rewarding shopping experiences wherever customers purchase. The Tabby Card will take our in-store solution to new heights, creating a truly seamless omni-channel experience for customers to pay over time, interest-free.”

With over 1.5 million active shoppers in Saudi Arabia and the UAE, its app lets shoppers split their purchases into four interest-free payments at thousands of brands including IKEA, Nike, Adidas, Level Shoes, Aldo, Dyson and hundreds more in-store.

Tabby was the first BNPL service provider in the Middle East to begin its QR-based in-store service for multi-channel shopping. Tabby card is a new-age in-store service building a decent shopping journey for consumers who want to tap and pay. The solution also enables retailers with flexible payment option within the existing payment system.

Shahebaz Khan, Visa’s General Manager, UAE, Bahrain and Oman, commented, “The Tabby Visa Card allows cardholders to evenly distribute the cost of goods at participating merchants, thereby reducing the burden on their budget. For merchants, this will mean increased sales and better conversion rates, reinforcing the principle that greater digitization of commerce brings growth opportunities for businesses. We’re delighted to partner with Tabby in bringing this innovative instalment solution that will help extend the benefits of digital commerce to more consumers and businesses in the UAE.”

Read: ZoodPay Partners with Network International for BNPL