INSUBCONTINENT EXCLUSIVE:
Yapily, 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, has raised $13 million in Series A funding
Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut.Existing investors HV Holtzbrinck Ventures, and LocalGlobe
Yapily last disclosed $5.4 million in seed funding in May 2019, and counts the likes of Taavet Hinrikus (TransferWise chairman and
for various service providers to connect to banks
U.K., France, and Ireland
Another customer of Yapily is GoCardless, the London fintech that makes it easy to offer customers the option to pay by direct debit.More
This means that most European countries are set to release open banking-style APIs publicly in 2020, which Yapily hopes to benefit from.
