Yuno, a payment orchestration company, provides businesses with access to over 300 payment methods through a single platform.
Its technology simplifies payment integration and helps companies improve transaction efficiency and customer experience.
One example is Rappi, a Latin American super app that needed a way to integrate alternative payment methods (APMs) without lengthy development processes.
Consumer preferences for APMs vary by region, making it difficult for businesses to keep up.
Yuno allowed Rappi to access multiple payment options through a single interface, reducing integration time from months to minutes and enabling it to serve a wider customer base, including the underbanked.
Yuno also helped Rappi improve payment reliability. Its Monitors feature alerts Rappi when one of its 20 payment providers experiences issues, while Smart Routing technology redirects transactions to the most efficient alternative.
Previously, it could take five to ten minutes to manually address these failures, resulting in lost transactions. With Yuno, response time was reduced to a millisecond, cutting the workload for analysts by nearly 80% and increasing successful transactions.
Juan Pablo Ortega, CEO and Co-founder of Yuno, said:
“By offering access to over 300 payment methods through a single integration and utilising our advanced Smart Routing technology, we have enabled Rappi to dramatically cut down on development time, enhance sales, and boost operational efficiency. What would have taken Rappi 12 to 18 months to develop internally was achieved in just a few months with Yuno.”
Yuno works with companies such as McDonald’s, InDrive, and Viva in more than 80 countries. In 2023, it raised $25 million in Series A funding from DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees to expand into Europe, Asia, the Middle East, and Africa.
Featured image credit: edited from Rappi
