Oyster Financial

Oyster Financial, Inc.Founded in 2018 and headquartered in Mexico City, Mexico, Oyster Financial, Inc. operates in the digital payments and collections sector. In October 2022, the company was acquired by Yaydoo, S. A. P. I. de C., which supports its strategy to expand into small and medium-sized business markets. The acquisition allowed for enhanced distribution channels and customer reach. The founder's history and other details about previous companies are not available.Following its merger with Yaydoo in 2022, Oyster has positioned itself as a key player in Mexico's digital payments landscape. It offers an integrated platform that supports businesses in managing digital payments and collections effectively. Its services cater primarily to small and medium-sized enterprises (SMEs), enabling them to streamline invoicing, automate payment reminders, and improve the customer experience through a reliable payment solution.Oyster operates on a transactional revenue model, servicing its clients through a B2B framework that facilitates digital payments and collections. Clients engage with Oyster via subscription plans based on transaction volumes, ensuring scalability to meet diverse business needs.The acquisition by Yaydoo in October 2022 will enable Oyster to broaden its distribution channels and reach more SMBs. The company aims to launch new product features that enhance its digital payments platform, although specific release dates have not been disclosed. Future expansion plans include targeting additional urban markets within Mexico to capture the growing demand for digital financial solutions.

1. Seed

   Sep 10, 2020

   Amount

   $14M

   Investors

   Locked

2. Seed

   Jul 4, 2019

   Amount

   Undisclosed

   Investors

   Locked