Yaydoo

About Yaydoo

Founded in 2017 by Sergio Almaguer, Guillermo Treviño, and Roberto Flores Riveroll, Yaydoo is a fintech company focused on business-to-business (B2B) financial automation. The founding team combined their distinct expertise to address market needs: Almaguer had a background in enterprise sales and digital entrepreneurship, Treviño was a software architect for B2B payments, and Riveroll had experience in procurement planning. Almaguer, the CEO, holds a Master's degree in Management of Technology and Entrepreneurship from École Polytechnique Fédérale de Lausanne (EPFL) in Switzerland and has been involved in technology ventures since a young age.

Yaydoo provides a suite of software-as-a-service (SaaS) products designed to streamline financial workflows for small and medium-sized enterprises (SMEs) as well as large corporations. The company's platform automates accounts payable, accounts receivable, procurement, and spend management processes. Its key offerings include 'VendorPlace' for procurement and vendor management, 'PorCobrar' for automated collections and reconciliation, and 'P-Card' for corporate spend control. By centralizing these functions, Yaydoo helps businesses manage cash flow, control budgets, and reduce the time spent on administrative financial tasks.

The company's business model is based on SaaS subscriptions, with a strategy to offer a freemium version to attract customers and convert them to paid plans as they grow. Headquartered in Mexico City, Yaydoo established a significant presence in Latin America, serving a network of over 50,000 companies by August 2021. A major milestone occurred in August 2022 when Yaydoo was acquired by Paystand, a U.S.-based leader in blockchain-enabled B2B payments. This merger created one of the largest B2B payment networks on a commercial blockchain, processing over $5 billion in payments and connecting more than 500,000 businesses across the Americas. The combined entity integrates with major ERP systems like Oracle NetSuite, Sage Intacct, and Xero.