British company Yapily set up in Vilnius



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London fintech startup Yapily announces plans to set up in Vilnius. This will be the company’s third office in Europe. Yapily will join UK (UK) fintech companies such as Revolut and Curve, which Lithuania has chosen for its hubs in Europe.

Stefano Vaccino, founder and CEO of Yapily, says that the company has chosen from several countries, including Portugal and Germany, to find space for its new headquarters in Europe (where the company already has offices). Lithuania was chosen for its innovative and supportive regulatory system, developed fintech ecosystem, and practical experience from Lithuania’s IT sector.

Lithuania has the second largest fintech center in Europe. The local regulator ensures the efficient development of the fintech ecosystem that Yapily can join, says S. Vaccino.

The startup plans to hire up to 30 employees over the next few months. At present, a specialist for compliance and engineering, product design and operations has been established in Vilnius.

Yapily Crimeaned in 2017. The Second EU Payment Services Directive was adopted in 2006, giving third parties access to customer data of financial institutions.

The company uses the API to allow companies to connect to more than 600 banks in 15 European countries. Financial institutions using the platform can access their clients’ account information and get a complete picture. Yapily manages and facilitates access to data, allowing payments to be made.

Tarp startuolio klient American Express, IBM, Intuit Quickbooks, GoCardless ir BUX.

Since the establishment of the company, Yapily has attracted 18.4 million. USD i venture capital fund. The company’s investors include Holtzbrinck Ventures, LocalGlobe and Lakestar. The latter were among the first investors in Skype, Spotify, Airbnb, Facebook, Klarna and Revolut.

The number of Yapily employees has tripled in the last 12 months and now stands at 72.

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