Yaspa, a fast-growing fintech company in London, has secured $12 million in a funding round led by Discerning Capital to support its expansion in the United States. Discerning Capital believes that Yaspa’s payment processing will transform the gambling payments ecosystem by enhancing player protections, and is joined by long-time investor TechStars Ventures.
They are confident that account-to-account (A2A) payments offer global appeal for regulated gambling operators, as they are more cost-effective, reduce chargebacks, and facilitate better player protections.
What Yaspa does:
Yaspa is a fintech company that provides instant payment and identity services using open banking technology and AI. Its proprietary solution, Intelligent Payments, helps regulated businesses enhance customer intelligence and cash flow.
Based in London, Yaspa operates in several markets, including Europe, and has recently established a US entity in Atlanta, Georgia. The company is led by CEO James Neville, who co-founded Yaspa in 2017 after serving as CTO at Worldpay.
KEY QUOTES:
“This significant investment marks a major milestone for Yaspa. It enables us to take our proven technology into a new market at pace – hiring a local team, building strategic partnerships and adapting our platform to meet the specific needs of operators.”
“We’re looking forward to supporting businesses that want to lead on compliance, player safety and user experience as the market matures.”
Yaspa CEO James Neville
“We are excited to be partnering with Yaspa to help them expand deeper into regulated gambling.”
“The high-risk nature of gambling payments makes it an area in need of innovation and we believe Yaspa addresses two of the biggest issues: chargebacks and player protections. We believe that any operator who evaluates Yaspa’s A2A product versus their existing payments provider will end up adding Yaspa.”
David Williams, Partner at Discerning Capital, who will be joining the Yaspa board following the transaction
