Why We Invested · Sapphire Ventures
Why the firm invested
Sapphire Ventures led Yapily's Series B funding round alongside co-investors LocalGlobe, Lakestar, and HV Capital.
Yapily is helping companies create better financial services for everyone, which is why we are thrilled to back Yapily, and lead their Series B, joining our friends at LocalGlobe, Lakestar and HV Capital.
Problem
Without Yapily, companies must individually integrate with and maintain connections to every bank, which is time- and resource-intensive.
Without Yapily, those companies would have to integrate with, and maintain connections to, each individual bank – a significant resource and time intensive task.
Product
Yapily offers a single API covering over 90% of bank accounts in major European countries to embed open banking features into products and services.
Covering more than 90% of accounts in major European countries, Yapily provides a single API for companies to embed the power of open banking within their products and services.
Yapily operates as an infrastructure-only, API-first player that provides APIs and tooling rather than building application-layer products.
Yapily is unique in its product positioning as an infrastructure-only player. This means, Yapily provides only the API and tooling features to their customers, unlike other open banking providers that are building applications.
Yapily offers two core products covering both the data and payments segments of open banking.
Yapily offers two core products across the data and payments segments of open banking, and the company is already seeing the benefit of the strong market tailwinds across both.
What founders can learn
- What actually moved the decision: Sapphire Ventures wrote that Sapphire Ventures led Yapily's Series B funding round alongside co-investors LocalGlobe, Lakestar, and HV Capital.
Source and provenance
Why We Invested published by Sapphire Ventures on sapphireventures.com (first-party source). Read the original
