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 uses an open API, powering applications behind the scenes, to seamlessly connect and securely access financial information.
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 is backed by Lakestar, HV Holtzbrinck Ventures, LocalGlobe; Taavet Hinrikus (TransferWise chairman and co-founder) and others. The company raised $13M in a Series A round on Apr 06, 2020. This brings Yapily's total funding to $18.4M to date.