Open banking fintech startup Yapily has raised $51 million in Series B funding round led by Palo Alto based Sapphire Ventures, bringing the total amount of funds raised by the startup to over $69 million. Last year, Yapily had raised $13 million in Series A funding round led by Zurich based VC Lakestar. Other investors in the company include LocalGlobe, HV Capital, Ithaca Investments and a few angel investors.
Founded in 2017 by Stefano Vaccino, Yapily provides a white-label, unified open banking API for several European markets including the U.K., France, Spain, Germany, Ireland, Austria, Italy and the Netherlands. The current funding will enable the company to expand its geographic footprint and strengthen its talent base.