Yapily is one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks.
Yapily is the API middleware allowing your turnkey solutions to thrive in the age of open data and open banking.
Yapily was founded in 2017 by Stefano Vaccino. The company is headquartered in London, United Kingdom.
Yapily’s open banking platform makes it easier for various service providers to connect to banks. Specifically, it provides a way to retrieve financial data and initiate payments via a “single secure API” that in turn connects to each supported bank’s open API.
Yapily’s platform can be used by anything from accountancy firms, companies in the payment space, to crypto currency providers, digital wealth applications and e-commerce companies.
Yapily supports more than 1,500 banks across eight countries. The company currently has around 100 customers, such as American Express, QuickBooks, Bux, Vivid Money, Volt and Moneyfarm.
Yapily is backed by Sapphire Ventures, Lakestar, HV Holtzbrinck Ventures, LocalGlobe, Taavet Hinrikus (TransferWise chairman and co-founder) and others. The company raised $51M in Series B round on Jul 21, 2021. This brings Yapily's total funding to $69.4M to date.