London-Based Yapily Raises €4.8M

London-based Yapily has raised €4.8m in seed funding from HV Holtzbrinck Ventures and LocalGlobe to develop its API platform for fintechs and enterprises to connect seamlessly to banks.

Yapily helps enterprises of all sizes connect with retail banks through its single API, which allows businesses to connect to all retail banks’ open APIs to retrieve financial data and initiate payments. Its customers include accountancy firms, companies in the payment space, cryptocurrency providers, digital wealth applications, and e-commerce companies.

Yapily is currently connected via its API to 35 of the biggest banks in Europe, both for data retrieval and payments initiation, representing 250 million bank accounts. By year end, Yapily expects to have connected to 536 banks.