Contacts

Angus Miln

Partner

Read More

Elinor Picton

Senior associate

Read More

Joshua Gertner

Associate

Read More
Contacts

Angus Miln

Partner

Read More

Elinor Picton

Senior associate

Read More

Joshua Gertner

Associate

Read More

10 August 2021

Advising Yapily on its $51 million Series B funding round to revolutionise financial services through Open Finance

We have advised Yapily, the leading Open Banking infrastructure provider, on its $51 million Series B round financing. The first closing was announced on 21 July 2021 (second closing subject to regulatory approvals), taking its total investment to date to $69 million. This investment is led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round.

Yapily is an Open Banking infrastructure provider which allows companies to seamlessly access financial data and initiate payments, enabling better and fairer financial products for everyone. During the pandemic, Yapily has experienced 3.5x customer growth as it has seen a rapid and significant shift towards online shopping. Account-to-account payments have entered the mainstream, creating the perfect opportunity for open banking to become the go-to infrastructure underpinning digital payments globally.

Yapily will use this funding to expand into new markets, with the aim of covering 95% of Europe by the end of the year, while continuing to invest in markets where it has an established presence and a rapidly increasing customer base. In 2022, Yapily will spread to markets beyond Europe as open finance regulation is implemented globally and consumers begin to benefit from an open financial ecosystem.  

Commenting on the deal, lead partner, Angus Miln said: "We work with the most ambitious, groundbreaking companies in the market and Yapily is a true trailblazer in the Open Banking space.  We are excited to be supporting them in their mission to promote open finance globally and create a new generation of financial products accessible by everyone."   

Stefano Vaccino, CEO and founder of Yapily, added: "This is a very exciting step for our business as we look to pursue our global growth plans. Angus and Elinor, and the wider Taylor Wessing team have been exceptional, providing insightful and commercially focused advice throughout this process. Taylor Wessing's reputation as the UK's leading technology law firm is well earned."

The team was led by corporate technology partner, Angus Miln, with support from senior associate, Elinor Picton, and associate, Joshua Gertner. 

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Details of a vibrant yellow ladies handbag with silver colored metal decor on flap
Corporate/M&A & capital markets

Advising Beauty Pie to support its latest USD$100 million Series B fundraising

8 September 2021

by multiple authors

Click here to find out more
Skyline view of traffic
Corporate/M&A & capital markets

Advising leading European 10-minute grocery delivery platform Dija on its exit to Gopuff

26 August 2021

by Angus Miln and Elinor Picton

Click here to find out more
Meeting in conference room
Corporate/M&A & capital markets

Advising Kuda on $55 million Series B funding round

5 August 2021

by Angus Miln and Siobhán Langwade

Click here to find out more