Yapily launches in Germany

Its German operations will be headed up by Chris Scheuermann, a former PayPal executive.

Yapily is launching in Germany where it will deploy a local team which it plans to grow as it expands in the region.

The London-based fintech, which helps businesses connect with retail banks through its single API, already works with German businesses, helping them scale. 

It is launching in Germany today (November 12) and will have a multi-office approach once lockdown rules are relaxed.

Its German office will be headed up by former PayPal executive Chris Scheuermann, its commercial lead for Germany.

Yapily, which also has offices in the UK and Italy, says it plans to grow its team and expand in the region.

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."

Chris Scheuermann, commercial leader at Yapily Germany, 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”.  

Yapily says its expansion in the German market will help bolster the Open Banking capabilities of domestic players.