Yapily is a London-based open banking infrastructure platform that provides secure APIs enabling businesses to connect to thousands of banks across 19 European countries for accessing financial data and initiating payments.[3][5][6] It serves fintechs, enterprises, and industries like payment services, iGaming, accounting, lending, crypto, PropTech, investing, and digital banking, solving the problem of fragmented bank connectivity by offering a single, frictionless API that powers onboarding, credit assessments, personalization, and low-cost Pay by Bank payments.[1][3][5] With over 200 employees, $69.4 million in total funding, and customers including Intuit QuickBooks, GoCardless, Adyen, Pleo, and Zilch, Yapily demonstrates strong growth momentum through expanding bank coverage (from 35 banks in 2019 to thousands today) and enabling innovations like instant payments and fraud reduction.[1][3][4][5][6]
Yapily was founded in mid-2017 by Stefano Vaccino, a former Goldman Sachs employee, initially under the name Acacia Connect.[1][2][3][4] Inspired by the revolutionary potential of open banking—likened to Skype's disruption of telecom—Vaccino aimed to lower technical barriers for fintechs and enterprises to access bank data and payments without disrupting customer relationships.[4] The company secured $5.4 million in seed funding from HV Holtzbrinck Ventures and LocalGlobe to build its API platform, expand its tech and sales teams, and connect to 35 banks (covering 250 million accounts) by year-end 2019.[4] Early traction came from clients in accountancy, payments, crypto, wealth apps, and e-commerce, with a pivotal $13 million Series A in 2020 led by Lakestar to drive European adoption amid PSD2 regulations.[1][2]
Yapily rides the open banking trend accelerated by PSD2 regulations, which mandated APIs from over 6,000 European banks by 2020, enabling data sharing and payments innovation.[1][2] Its timing capitalized on this shift, positioning it as Europe's leading infrastructure player amid rising demand for embedded finance, where fintechs and enterprises need seamless bank access without building direct integrations.[3][5][8] Market forces like digital transformation, crypto growth, and low-cost Pay by Bank alternatives to cards favor Yapily, influencing the ecosystem by powering competitors like Plaid and TrueLayer while enabling startups in iGaming, lending, and PropTech to innovate faster.[3][5] As one of the top 10 open banking companies, it challenges legacy infrastructure, fostering a more open, efficient financial landscape.[8]
Yapily is poised to expand its European dominance with deeper integrations in emerging products like VRP for recurring payments and further bank coverage, leveraging its $69.4 million funding war chest.[3][5][6] Trends like AI-driven personalization, real-time payments, and regulatory pushes for open finance (post-PSD2 evolutions) will shape its path, potentially unlocking new revenue in underserved markets like commercial banking and cross-border flows.[5] Its influence may evolve from infrastructure enabler to ecosystem orchestrator, partnering with more disruptors to redefine value movement—echoing Vaccino's vision of a frictionless financial world without outdated barriers.[4][7]
Yapily has raised $69.0M in total across 3 funding rounds.
Yapily's investors include Boost Capital Partners, Entrée Capital Ventures, Finch Capital, FINTOP Capital, HV Capital, Prosus Ventures, Sapphire Ventures, Stride VC, Anne Wojcicki, Errol Damelin, Antler, Hoxton Ventures.
Yapily has raised $69.0M across 3 funding rounds. Most recently, it raised $51.0M Series B in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $51.0M Series B | Boost Capital Partners, Entrée Capital Ventures, Finch Capital, FINTOP Capital, HV Capital, Prosus Ventures, Sapphire Ventures, Stride VC, Anne Wojcicki, Errol Damelin | |
| Apr 1, 2020 | $13.0M Series A | Antler, Boost Capital Partners, Finch Capital, Hoxton Ventures, HV Capital, Lakestar, Prosus Ventures, Sapphire Ventures, Maximilian Tayenthal, Ott Kaukver, Taavi Kotka | |
| May 1, 2019 | $5.0M Seed | Antler, Boost Capital Partners, Finch Capital, Hoxton Ventures, HV Capital, Lakestar, Prosus Ventures, Sapphire Ventures, Maximilian Tayenthal, Ott Kaukver, Taavi Kotka |
