U.S. markets close in 3 hours 37 minutes
  • S&P 500

    4,194.95
    +72.48 (+1.76%)
     
  • Dow 30

    33,228.88
    +454.47 (+1.39%)
     
  • Nasdaq

    12,783.36
    +289.43 (+2.32%)
     
  • Russell 2000

    1,962.74
    +49.85 (+2.61%)
     
  • Crude Oil

    90.85
    +0.35 (+0.39%)
     
  • Gold

    1,813.30
    +1.00 (+0.06%)
     
  • Silver

    20.72
    +0.24 (+1.16%)
     
  • EUR/USD

    1.0321
    +0.0103 (+1.01%)
     
  • 10-Yr Bond

    2.7720
    -0.0250 (-0.89%)
     
  • GBP/USD

    1.2235
    +0.0159 (+1.32%)
     
  • USD/JPY

    132.6200
    -2.4960 (-1.85%)
     
  • BTC-USD

    24,037.09
    +960.04 (+4.16%)
     
  • CMC Crypto 200

    566.12
    +34.90 (+6.57%)
     
  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

U.S. Paystand, Mexico's Yaydoo merge, to offer blockchain platform

·1 min read

MEXICO CITY (Reuters) - Tech startups Paystand and Yaydoo announced on Wednesday a merger to make way for a blockchain platform focused on cash flow management and liquidity solutions to businesses in the United States and Latin America.

U.S.-based Paystand and Mexico's Yaydoo said in a statement that the deal forms a B2B fintech unicorn, which they said was a first. They did not disclose further details on the deal.

"It will allow blockchain-based business solutions to be more accessible across the Americas," the statement said.

Both firms offer a wide range of B2B solutions based on technology for the automation of transactions, payment processes and invoice collection.

The new company could be on track for an IPO within the next two years, the statement added.

(Reporting by Kylie Madry; Writing by Valentine Hilaire; Editing by Cynthia Osterman)