Yapily Closes $51m Series B Funding Round to Revolutionise Financial Services

The Opening Banking infrastructure provider Yapily has closed its $51m Series B funding round led by Sapphire Ventures, a leading venture capital firm, taking its total investment to date to $69m.

Yapily will use the funding to enter new market, while continuing to invest in existing markets (UK, Italy and Germany) where it has already established a strong presence with a rapidly increasing customer base. Besides, the fintech plans to extend footprints beyond Europe in 2022, and continue to invest heavily in its product and people, with a focus on significantly growing the size of its engineering capabilities over the next 12 months.

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As the invisible backbone for open banking, Yapily covers more than 90% of accounts in major European countries with deep open banking knowledge and expertise.

Stefano Vaccino, CEO and Founder of Yapily said, “We are delighted with this strategic investment, demonstrating Yapily’s position at the heart of disrupting global financial infrastructure. As we got to know Sapphire Ventures, it was clear that they are hugely supportive of our strategic approach and share our vision of open finance. Open Banking infrastructure is fundamental to how data and payments move between organisations worldwide, and it will shift the power to consumers for years to come. We are only starting to scratch the surface of what’s possible.”

Shortly before, Fazzaco reported that Yapily and Emma Partnered​ to launch P2P payment feature.