Yapily

A London open banking company whose technology lets other firms connect to banks to see account data and make payments.

About Yapily

Yapily is a London company that builds open banking technology. Open banking lets you give a company permission to see your bank data or make a payment directly from your account. Yapily provides the connections that let other businesses do this without having to link to every bank themselves. It says it has integrated around 2,000 banks and institutions across 19 countries, mostly in the UK and Germany.

We could not find a founding date or the founders on the pages we read, so we have not stated them. What we can say is that Yapily Ltd is registered in England and Wales at 66 Paul Street, London, and that its UK subsidiary, Yapily Connect Ltd, is regulated by the Financial Conduct Authority. Yapily has also announced expansion in Vilnius, Lithuania.

Its products fall into three groups: payments, such as pay by bank and variable recurring payments, data access and enrichment, and Yapily Connect, which offers a regulated licence to other firms. Customers shown on its site include Allica Bank, Pleo, Moneyfarm, Revolut, Adyen and QuickBooks.

We did not find a formal mission statement.

For young people, Yapily is an example of a small, specialist business serving the fintech world, with roles in engineering, sales and compliance. We did not find a graduate scheme, so check its careers page.

What they do

• {'desc': "Payments straight from customers' bank accounts.", 'title': 'Pay by bank'}
• {'desc': 'Account data with customer consent.', 'title': 'Data access'}
• {'desc': 'Categorised and cleaned transaction data.', 'title': 'Data enrichment'}
• {'desc': 'A regulated open banking licence for other firms.', 'title': 'Yapily Connect'}

Key facts

• Based in: London (66 Paul Street, EC2A 4NA)
• UK subsidiary Yapily Connect Ltd is FCA-regulated
• About 2,000 banks and institutions integrated (company statement)
• Expanded to Vilnius, Lithuania

Website: www.yapily.com