- Financial technology company Yapily announced it raised $13 million in Series A funding. These are the details.
Financial technology company Yapily announced it raised $13 million in Series A funding, according to TechCrunch. Lakestar led the funding round. And existing investors HV Holtzbrinck Ventures and LocalGlobe also participated.
Last year, Yapily raised $5.4 million in seed funding. The investors in that round included Taavet Hinrikus, Ott Kaukver, Roberto Nicastro, and Frank Strauss. Yapily launched in 2017 by former Goldman Sachs executive Stefano Vaccino.
Yapily’s open banking platform is known for making it easier for service providers to connect to banks. And it provides a way to process financial data and initiate payments through a single secure API.
A number of Yapily customers are Fortune 500 companies and rapidly growing financial technology companies. For example, Intuit reportedly uses Yapily’s API for helping small businesses access insights from bank accounts in the UK, France, and Ireland.
