Yaydoo, a Mexican fintech, raised a $20.4M Series A funding round led by Base10 Partners and Monashees. SoftBank’s Latin America Fund and Leap Global Partners also participated in the round. 

Yaydoo will use the new funding to expand into new countries in Latin America, starting with Colombia and Peru. The startup will also look to make new hires and develop new financial solutions to serve its clients.

Company: Yaydoo, Inc.

Raised: $20.4M

Round: Series A

Funding Month: August 2021

Lead Investors: Base10 Partners and Monashees

Additional Investors: SoftBank’s Latin America Fund and Leap Global Partners 

Company Website: https://yaydoo.com/

Software Category: procurement platform >AI tools for Automated Vendor management

About the Company: Yaydoo is a procurement platform that combines cloud-based procure-to-pay software and AI tools for automated vendor management. It helps companies bring automation to their purchasing process and supply chain with a platform that integrates hundreds of vendor catalogs allowing companies to search and compare through thousands of products and services, many of them with pre-negotiated discounts, and a virtual procurement assistant that streamlines communication between requesters and vendors. 

Source: https://latamlist.com/yaydoo-fintech-raises-20-4m-series-a-for-regional-expansion/