Yoello scores a undisclosed investment from Hodge

Yoello, which helps businesses accept mobile payments, has received an undisclosed investment from Welsh Bank Hodge.

The aim of the investment is to help Yoello continue its growth rate. The FinTech launched its mobile payments platform into the UK hospitality and retail market last year and has already had thousands of businesses use its services.

Its services are now used in the UK, Australia, the US and Ireland.

Yoello founder and CEO Sina Yamani said, “This has come at a fantastic time for Yoello. We have recently been recognised as one of the top growing FinTechs in the UK by Tech Nation and have successfully launched in international markets.

“This investment is a real boost for the company as we continue to grow and support the hospitality and retail industries with our technology across the globe.”

Hodge CEO David Landen said, “Innovation is at the heart of what we do here at Hodge. Although we have a long history in financial services, we know that modernisation and technology are key to progressing the sector and our business. We hope this is the first of many investments Hodge will make to help support tech start-ups and cement our reputation for developing financial services businesses in Wales for the good of the economy and our customers.”

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