MEXICO CITY, Aug 3 (Reuters) – Tech startups Paystand and Yaydoo introduced on Wednesday a merger to make manner for a blockchain platform centered on money stream administration and liquidity options to companies in america and Latin America.

U.S.-based Paystand and Mexico’s Yaydoo mentioned in an announcement that the deal types a B2B fintech unicorn, which they mentioned was a primary. They didn’t disclose additional particulars on the deal.

“It would permit blockchain-based enterprise options to be extra accessible throughout the Americas,” the assertion mentioned.

Each corporations provide a variety of B2B options primarily based on know-how for the automation of transactions, fee processes and bill assortment.

The brand new firm may very well be on monitor for an IPO throughout the subsequent two years, the assertion added.

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Reporting by Kylie Madry; Writing by Valentine Hilaire; Modifying by Cynthia Osterman

Our Requirements: The Thomson Reuters Trust Principles.

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