London-based enterprise connectivity platform Yapily has launched in Germany as it turns its attention to “driving open banking adoption for organisations across Europe”.

Yapily will provide its API-only platform for companies to take advantage of open banking, unlocking new revenue streams and product innovation.

The startup enables customers to seamlessly connect; securely access financial information and payment infrastructure, accelerating local fintech players.

Through its technologies and services, Yapily is helping German businesses scale internationally, while also supporting international businesses entering the German market.

Accordingly, Yapily is providing its partners with powerful infrastructure to boost their user experience, while remaining invisible behind the scenes, giving customers complete control.

Scheuermann will lead German office

The Germany office will be led by Chris Scheuermann, the newly appointed Commercial Lead for the region. Scheuermann has long-standing experience in the sector, having worked for PayPal and finleap.

Going forward, Yapily plans to expand its presence in the region and grow its local team.

Stefano Vaccino, Founder and CEO of Yapily, said:

“Germany is a source of innovation and has always been a key hub for banking and financial services. We are looking forward to starting operations in this market, bringing our first-class API infrastructure to the region. With this strategic market entry we will further drive open banking adoption and its benefits to financial sectors including payments, lending and accounting software.”

Yapily has its heart set one’s heart on growing in Europe

The startup uniquely facilitates connectivity with European banks to access open banking data, with more than 80% bank coverage.

Using a single open API, Yapily’s clients in Germany can now access the financial data they need to enrich the end-user experience.

From aggregating, categorising and enriching account information, to initiating payments and transactions, businesses gain the visibility to offer personalised financial products and services.

Yapily enables companies to connect and access financial information in payments, lending, and accounting software. It boasts Fortune 500 companies and fast growth fintechs across Europe including American Express, IBM, BUX and GoCardless.