Yapily Raises $51M Series B for Open Banking API Expansion

Yapily, a London-based open banking infrastructure provider, closed a $51 million Series B funding round on July 21, 2021, led by Sapphire Ventures with participation from existing investors Lakestar, HV Capital, and Latitude. The round brings Yapily's total funding to $69 million, following a $13 million Series A the previous year. Yapily offers a unified open banking API that connects directly to official bank APIs across Europe under PSD2 regulations, focusing exclusively on infrastructure without front-end interfaces.

Unlike competitors such as Tink or TrueLayer, Yapily avoids screen scraping for more reliable integrations. The company serves clients including American Express, QuickBooks, and Vivid Money. Proceeds will fund European expansion targeting France, Spain, Northern Europe, and the Baltics, aiming to cover 95% of the continent by year-end, with future plans to enter Latin American markets such as Brazil.

CEO Stefano Vaccino emphasized the company's role in building open finance infrastructure for data and payments.