Yapily builds a single, unified open-banking API that lets developers interact directly with third-party bank accounts; the company focuses exclusively on backend API infrastructure and provides no front-end. It emphasizes official bank APIs (PSD2) rather than screen scraping or private APIs, which it says yields faster, more reliable integrations. Yapily supports more than 1,500 banks across eight countries with between 90–99% coverage in the U.K., France, Spain, Germany, Ireland, Austria, Italy and the Netherlands. Its API supports balance checks, account-holder verification, fetching up to two years of transactions, and account-to-account payments including one-time, international, bulk, and recurring payments. The company has around 100 customers, including American Express, QuickBooks, Bux, Vivid Money, Volt and Moneyfarm. With the new funding the startup plans to expand its commercial presence across Europe—hiring for France and Spain—and build integrations in Northern Europe and the Baltics, then look at Latin America (especially Brazil) early next year. Yapily offers an open banking platform and single secure API that enables enterprises and fintechs to retrieve financial data and initiate payments by connecting to banks' open APIs. The platform serves customers ranging from Fortune 500 companies to fast-growth fintechs, including Intuit QuickBooks (used in the U.K., France, and Ireland) and GoCardless. Use cases cited include accountancy firms, payment companies, crypto providers, digital wealth apps, and e-commerce. Yapily was founded in mid 2017 by Stefano Vaccino. The company recently raised $13M in a Series A and plans to use the investment to drive open banking adoption across Europe. Yapily expects to benefit from PSD2-related public API rollouts in 2020 that will affect more than 6,000 banks. Yapily is a London fintech founded in mid 2017 by Stefano Vaccino that provides a single secure Open Banking API to enable financial services providers and other enterprises to connect to banks for data retrieval and payment initiation. The platform manages upfront integrations and ongoing maintenance of bank connections, aiming to remove technical barriers created by disparate bank implementations across jurisdictions. As of the article, Yapily's API supports 35 of the biggest banks in Europe, covering roughly 250 million bank accounts. The company aims to connect to 536 banks by the end of the year as more banks bring open APIs online to comply with PSD2. Customers include accountancy firms, payment companies, cryptocurrency providers, digital wealth applications and e-commerce companies. Yapily plans to use the seed funding to expand its tech team, further develop the platform and build out a sales team to respond to demand.

Total raised

$69M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2021