Paystand buys Yaydoo to pair US receivables with LatAm's payables

Paystand runs blockchain-enabled B2B payments helping businesses get paid faster; Yaydoo manages order procurement and accounts payable for Spanish-speaking LatAm.

Paystand: $50M Series C (2021), $85M total. Yaydoo: $20M Series A (2021).

Paystand built a blockchain-enabled B2B payments network from the US; Yaydoo grew from Mexico City into Spanish-speaking Latin America's procurement and AP niche.

In August 2022 Paystand acquired Yaydoo, announced as an Axios exclusive; the companies described themselves as 'two sides of the same coin' with plans to cross-sell each product into different markets and accounting functions.

The fit is structural — AR and AP are the same transaction seen from opposite sides, so cross-selling is natural rather than forced.

Buying an incumbent LatAm AP player skips the cost and risk of localising a US product into Spanish-speaking markets.

Both companies keep operating independently, preserving their playbooks while the cross-sell opportunity is proven.

The cheapest second market can be a merger: buy the local payables stack rather than localising your receivables product alone.

As of August 2022 the companies continued to operate independently while planning to cross-sell each product into different markets and accounting functions.