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B2B Payments Startup Paystand Acquires Mexican Peer Yaydoo
While the companies will operate independently, there is hope for cross-selling opportunities.
Updated May 11, 2023, 6:52 p.m. Published Aug 3, 2022, 1:07 p.m.
Paystand, a U.S.-based company that uses the Ethereum blockchain to enable business-to-business payments, has acquired Yaydoo, a Mexico-based accounts-payable company.
- Both companies will continue to operate independently, but there are opportunities to cross-sell each product in different markets, Axios reported on Tuesday. Paystand operates in the U.S. and Canada, while Yaydoo does business in Mexico, Colombia, Peru and Chile.
- In July 2021, Paystand raised $50 million in a Series C funding round led by NewView Capital – and including SoftBank’s SB Opportunity Fund as a participant. Yaydoo raised $20 million in a Series A round in August.
- Paystand has its own bank network that allows companies to make zero fee payments using the Ethereum blockchain and cloud technology.
- Yaydoo offers three products – Vendorplace, P-Card and PorCobrar – focused on business-to-business transactions.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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