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Yuno’s Payout feature streamlines global payments, enabling businesses to efficiently send funds with ease
Yuno, the payment orchestrator, has announced the launch of a new feature called Payout that streamlines global payment workflows for businesses. This innovation allows businesses to send money globally to their suppliers and clients in one connection with the API, thereby eliminating the complexity associated with the engagement of numerous payout providers.
This allows for the easy release of funds from US-based businesses to Asian-Pacific sellers, and Europe-based businesses easily access clients based in Latin America and the Middle East. Payout is, according to Yuno Co-founder and CEO Juan Pablo Ortega, "the game-changer for any company with a cross-region operation because it streamlines all payment procedures and addresses both global transfer and disbursements."
James Stack, product lead at Yuno, said the functional benefits of Payout include easing one of the biggest hassles merchants had faced: the need to integrate multiple payout and pay-in providers. "We've solved this with Payout by offering one integration that does all the heavy lifting for outgoing and incoming payments,”. By having a single API that merchants can hook into to interact with a multitude of providers, merchants thereby optimize their operational efficiency and cut their costs.
In order to assist with payout, Yuno brings integration directly into its platform. Payout is managed in an easy manner, from accepting payments, processing them, and holding everything together in a singular, cohesive system. This allows online marketplaces and the gig economy platforms to run smoothly by making international vendor payouts while boosting administrative efficiency.
The latest investment for its Series A round totaled $25 million from prominent investors in the name of DST Global Partners and Andreessen Horowitz, with funding earmarked to drive Yuno expansion in all three continents of Europe, Asia, and the Middle East. For this, through Payout, Yuno will enrich the payment experiences for any business worldwide.
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