Yavrio expands open banking in the U.S., integrates with top 5 banks

By Gloria Methri

Open Banking FinTech Yavrio has expanded its services by connecting to corporate accounts at the five largest U.S. banks—Wells Fargo, J.P. Morgan, Citi Bank, Bank of America, and U.S. Bank—as it grows internationally.

The company has also introduced embedded ACH, RTP, FedNow, and Wire payments across 9,600+ banks, allowing businesses to transfer funds securely from their bank accounts to vendors, streamlining transactions.

Yavrio’s integration with corporate banking systems provides businesses with real-time financial data and access to multiple payment methods. With the CFPB’s Personal Financial Data Rights rule finalised in October 2024, Open Banking is gaining traction in the U.S., with the market expected to reach $35.79 billion by 2031.

Many finance teams still rely on manual reconciliations and CSV file downloads, which can be inefficient and error-prone. Yavrio aims to solve this by integrating real-time banking data and payments directly into ERP systems, enabling automated transactions and financial insights.

The company recently secured $2.4 million in seed funding from Fuel Ventures and serves a diverse range of clients, including government bodies, sports teams, cultural institutions, charities, and businesses.

John Lewis, CEO of Yavrio, said, “After a slow start, Open Banking is gaining real momentum in the U.S., and we are delighted to see Yavrio at the forefront, delivering powerful solutions that make life easier, more efficient, and more secure for finance teams and the real economy.

“The introduction of embedded payments is a game-changer for businesses, enabling them to send cross-border and domestic payments securely from their embedded journal, ready for approvers to authorise as normal within their bank portal, enhancing payment efficiency and accuracy.

“Seamless banking connectivity is at the heart of what we do and connecting to these five key banking institutions in the US marks a significant step forward for our business. It also demonstrates our commitment to offer businesses integrated banking solutions no matter where they are located or who they bank with, redefining financial automation for firms globally.”