FinTech Yapily expands operations with German expansion

By Megha Bhattacharya

Enterprise connectivity platform Yapily announced its launch in Germany. The FinTech aims to offer its API-only platform for companies for enabling them to benefit from open banking, develop new revenue streams and boost product innovation.

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 enables customers to connect and access financial information and payment infrastructure. The FinTech aims to help German businesses scale internationally and provide infrastructure to boost user experience. The company stated that the Germany office will be led by Chris Scheuermann, the newly appointed Commercial Lead for the region.

Chris Scheuermann, Commercial Lead DACH at Yapily, added, “Yapily offers market-leading technology that is ahead of the competition, due to its “Open API first” approach. With no screen scraping or reverse engineering, this ensures all parties are getting the performance, scale, and security expected of such a critical piece of API infrastructure. We are pleased to bring this innovation to the German marketplace and I’m looking forward to building a local team of leading experts”.

Recently, Yapily announced a partnership with European mobile broker BUX. The new partnership will enable German users of BUX Zero to seamlessly fund their accounts and build an investment portfolio in a matter of seconds. BUX Zero customers can make deposits to their BUX Zero accounts from within their bank’s mobile banking app.