Yapily raises $13mn

FinTech startup Yapily has raised $13mn in its Series A funding.

In Brief:

• Yapily offers an open banking API.

• It allows enterprises (like financial services providers and merchants) to connect to banks.

• The round was led by Lakestar, which also backs Revolut.

What does this mean?

The business was founded in 2017 by an ex Goldman Sachs employee and aims to make it easier to connect to banks. The company will use its funding to “drive open banking adoption across Europe”.

Read more here.