Payment orchestration platform Yuno has raised a $45 million Series B led by Global PayTech Ventures, and the direction of travel matters more than the cheque size. Orchestration was sold as a neutral routing layer — one Application Programming Interface (API) above acquirers, payment service providers (PSPs) and alternative payment methods, taking sides with nobody. Yuno now pushes payouts, fraud screening, Know Your Customer and Know Your Business (KYC/KYB) checks and stablecoin rails through that same API. An orchestrator doing all four has stopped being a router and started competing with the layers it was built to sit above.
That inverts the category’s founding pitch. Independent orchestrators win business because merchants will not trust a PSP-owned router to route away from itself; extend far enough into settlement and compliance and that argument cuts the other way. The numbers Yuno published are the ones payments-ops teams actually benchmark against — authorisation rates, recovered failed volume, cost per transaction — unusually concrete for a funding story, and also unaudited.
Over the past year the company says it recovered $5 billion in otherwise-failed transaction volume for merchants on its network, lifted authorisation rates by roughly 5%, saved customers $500 million in processing costs and added 150 integrations, according to its August 12, 2026 announcement. It puts coverage at more than 1,000 payment methods, over 460 integrations and 190 countries, and names McDonald’s, NetEase Games, GoFundMe, inDrive and Rappi as customers. Andreessen Horowitz, Tiger Global, QuantumLight Capital, Monashees, Kaszek, Rasmal Ventures, GrowthX Capital and Further Ventures participated.
Two caveats belong on the record. Yuno describes itself as “on a trajectory to process $100 billion in annual transaction volume within the next 12 months” — a company forecast, not an achieved run-rate, and not current volume. Neither a valuation nor total funding to date was disclosed, which is its own quiet signal at a moment when there is no clean public comparable for what an orchestration layer is worth.
Rivals make structurally identical claims with different arithmetic. Gr4vy, which calls itself a payment orchestration platform and pointedly “not a PSP”, advertises more than 400 payment methods through one integration, an authorisation lift of “3%+” from a multi-PSP strategy and up to 14% revenue recovery on failed payments on its own site. Primer claims billions processed monthly and 99.99% uptime, leading with a named result: crypto payments firm Banxa recovering over $7 million in revenue through its Fallbacks product. Spreedly says it supports “billions of global transactions” for customers including Adidas and Priceline, but publishes no quantified authorisation-rate figure on its homepage. The self-reported uplift band sits in a narrow 3%-to-5% range — close enough that no merchant can choose a vendor on it alone, which is why they now compete on surface area.
Juan Pablo Ortega, Co-Founder and Chief Executive Officer at Yuno, framed the raise as defensive: “Most companies raise a Series B to buy growth. We’re raising ours to meet our customers’ growth, and extend our lead, with a clear line to profitability in the year ahead. AI has changed the economics of building this company. We grow faster and operate leaner than the generation of infrastructure players before us. Being local everywhere is the hardest problem in payments, and anyone starting on it today is at least two years behind. With this round we intend to consolidate that leadership on a truly global scale, with real financial discipline.”
Javier Perez, Managing Partner at Global PayTech Ventures, said: “Since joining Yuno’s board last fall, I’ve seen firsthand how Juan Pablo and his team are redefining payments infrastructure. Yuno combines global reach, local intelligence, and AI-driven execution to help customers increase global presence, authorization rates, reduce costs, and scale faster. I’m proud to support the team as it builds a leading global payments infrastructure company.”
The expansion logic reads more clearly against the pressure the category is under. As The Industry Spread reported in July, PSP consolidation is shrinking the fragmentation orchestration exists to manage, while Stripe, Adyen and Checkout.com build routing in-house. If the number of providers worth routing between falls, the way to keep one integration valuable is to widen what travels across it. The issuer-processor tier is making the same move from the opposite direction, as when Paymentology raised $175 million to add stablecoin and credit capability, and the card networks are converging on the same ground, with Visa launching a stablecoin platform for banks and fintechs and Adyen pushing into agentic checkout. Colombia-founded Yuno arrives at that crowded middle from the merchant side.
Expect the binding constraint to come from compliance, not commerce. An orchestrator running KYB checks and settling in stablecoins is no longer merely a technical integration; it is a party with its own licensing perimeter in every market it claims to be local in. The prediction: within 12 months the differentiator in payment orchestration will not be an authorisation-rate claim, which every vendor pitches within two points of every other, but which vendors hold permissions to screen and settle in their own name. Yuno’s $45 million buys a run at that; Ortega’s “clear line to profitability” caps how fast it can be spent.
Rick Steves
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Steves' work has appeared in a variety of online publications including FX Street, NewsBTC, FinanceFeeds, and The Industry Spread. Rick has great interest in the dynamics of the trading industry. The never-ending clash between technology, economics, regulation, and more importantly, the people.
