Soldo embraces open banking payments with Yapily’s help

By Oliver Smith on Tuesday 12 July 2022

Digital Banking

The partnership has already led to £6m worth of account-to-account payments being processed.

Soldo embraces open banking payments with Yapily’s help
Image source: Carlo Gualandri/Soldo.

Expense management platform Soldo is rolling out open banking-powered account-to-account top-ups for its European customers, with the help of Yapily.

The fintech says the feature will let its SME customers top up their accounts instantly, no more waiting for funds to clear, and no more having to leave the Soldo app just to add funds.

For open banking provider Yapily the news means a major new client win, with Yapily already processing some £6m on behalf of Soldo even before the launch was made public today.

“With Yapily and open banking, we are helping our customers to take back control of their finances,” said Soldo CEO and founder Carlo Gualandri.

“We are particularly excited because the partnership will allow us to continue evolving as we look to  embed more of Yapily’s open banking solutions into our offering.”

Indeed, the duo say that top-ups are just the start of an “exciting roadmap” of open banking features that Soldo plans to add to its app with Yapily’s help.

Soldo has been aggressively expanding across Europe since raising $180m in a Series C round last July, with now more than 26,000 SME customers in over 30 countries, including large corporates like Mercedes Benz, Gymshark and Brooks Running.

“It’s always exciting to see two innovative fintechs coming together to bring the benefits of open banking payments to businesses across Europe,” said Yapily’s CEO and founder Stefano Vaccino, who only recently led his fintech to complete its first acquisition, snapping up its German rival FinAPI.

“I’m personally looking forward to continuing to work with the team at Soldo to deliver a more compelling payment experience to their growing customer base.”

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