April 19, 2023
Amsterdam, Netherlands and Bogota, Colombia - 18/04/2023 - Fraudio, a leading provider of next-generation fraud detection solutions, and Yuno, a leading orchestration platform and white-label gateway, today announced their strategic partnership aimed at bringing cutting-edge fraud detection solutions to businesses in Colombia and beyond.
"We are thrilled to announce our partnership with Yuno," said João Moura, CEO of Fraudio. "By joining forces, we can now provide our cutting-edge fraud detection products to a wider audience, helping businesses in the region to protect themselves against financial losses and reputational damage. This partnership demonstrates our commitment to expanding our reach and delivering top-notch solutions to companies of all sizes. We look forward to working closely with Yuno and their clients to create a safer and more secure business environment."
Fraudio's advanced fraud detection solutions, which utilize machine learning and artificial intelligence to identify and prevent fraudulent activity, will be integrated into Yuno's payment orchestration platform and white-label gateway. This integration will enable Yuno's customers to access Fraudio's cutting-edge fraud detection capabilities, providing them with a comprehensive, end-to-end solution for secure and compliant payment processing.
"Since our beginnings, it has been a priority to include anti-fraud systems in our product, in fact it is one of the central points of our value offer. Now, the alliance with Fraudio will allow us to go further, by placing an additional layer of security, with all the advantages of artificial intelligence, which provides greater peace of mind to our users”, commented Julián Núñez, co-founder and COO of Yuno.
The partnership is expected to deliver significant benefits for Yuno customers, including increased payment security, reduced fraud and financial losses, improved operational efficiency, and more. Both companies are committed to working together to achieve their shared goals and deliver exceptional results.
A pioneering cloud-based SaaS solution, Fraudio connects payment service providers, merchant acquirers, issuers, and other players in the payments chain to a powerful, centralised, AI / smart brain. Using this Plug & Protect technology platform, designed to fight complex payment fraud and financial crime, Fraudio protects clients from payment fraud, merchant-initiated fraud and money laundering.
Yuno was founded to revolutionise online payment orchestration in Latin America. Their Ultimate Checkout enables merchants to manage multiple payment methods with only one integration. Their solution also allows online businesses to customize their checkout, monitor acceptance rates, access reporting tools, and utilize multiple fraud managing features and smart routing. All this with one integration. The startup has been building the ultimate payment ecosystem, with presence in Argentina, Peru, Brazil, Colombia, Mexico, and the United States. The startup is backed by big players in the venture capital industry, such as Andreessen Horowitz, Monashees, and Kaszek, and other investors, including Nazca, Latitud, OneVC, Opera Ventures, Saurabh Gupta. Angel investors including Simon Borrero, Co-founder and CEO of Rappi, Ricardo Weder of Justo, Sujay Tile of Merama, Gerry Giacomán Colyer of Clara, Enrique Villamarin of Tul, Maria Echeverri of Muni and the Bilbao brothers also invest in the company.
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