back Back

Uncapped teams up with Yapily to scale funding for businesses

By Gloria Methri

February 28, 2024

  • Business loan
  • Europe
  • FinTech
Share

Yapily Yapily, Uncapped, Open, Banking, Open Finance, Cross Border Payments, Europe, FinTechhas partnered with Uncapped, a FinTech that provides working capital funding to scaling brands retailers and merchants across the UK, EU, and the US.

Uncapped will leverage Yapily’s open banking technology to gain a clearer understanding of client finances, thereby providing cash more quickly. This enhanced capability benefits the end customers, granting them quicker access to capital and thus bolstering their competitive edge.

Yapily’s query response is also faster than Uncapped were previously able to access, regularly receiving thorough and detailed responses within a day. This resulted in response time doubling in speed, which meant a much quicker experience for Uncapped end users.

Yapily’s extensive banking coverage and geographical reach have been crucial in supporting Uncapped’s expansion plans.

“Yapily has enabled us to further our penetration in existing markets. For example, in the UK, we can connect with far more banks than our previous provider allowing us greater coverage in our domestic market,” said Piotr Pisarz, Uncapped CEO and Founder. “In addition to existing markets, the outlook is promising for new territories as Uncapped looks to launch new markets soon.”

Stefano Vaccino, CEO and Founder of Yapily, added “This partnership portrays the power of our open banking platform coming to life to drive better and faster funding to businesses, enabling them to grow globally. Yapily is designed to empower our clients with speed, efficiency, and expansive bank connectivity across Europe. We are excited to see how this partnership evolves and continues to break new ground in the lending sector.”

The shift to Yapily was a strategic move by Uncapped to embrace a more advanced technological infrastructure and proactive problem-solving capabilities. “The transition to Yapily reflects our commitment to leveraging the most effective solutions in the market. Their superior technology and responsive support are pivotal in enhancing our operational efficiency and adaptability,” said Pisarz.

Previous Article

February 28, 2024

3 UAE-based money transfer apps facilitating remittances

Read More
Next Article

February 28, 2024

Froda and Visa expand partnership to enhance SME lending

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Business loan

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinbotsAI set to boost credit risk management for Myanmar’s KBZ Bank

Read More

Today

Leeds Building Society taps Mambu for core banking modernization

Read More

Today

India’s Veefin expands Supply Chain Finance & Digital Lending in Africa with Computech Limited

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023