Yapily is the trading name of the UK-registered Yapily Connect Ltd, an FCA-regulated e-Money Institution. Via its Lithuanian subsidiary Safe Connect UAB, Yapily is also authorized by the Bank of Lithuania as a payment institution. The venture was established by the Italian Stefano Vaccino in 2017.
Yapily provides an open banking infrastructure that connects banks and payment processors via a secure open API removing the complexity and enabling seamless access to financial information and payment infrastructure.
In May 2022, Yapily announced the acquisition of the BaFin-regulated German FinTech finAPI making the joint companies the largest open banking payments platform in Europe with a combined total of $39.5 billion processed in payment volumes over the last 12 months and more than 1 million monthly active data users.
Despite its Lithuanian license, Yapily is not a payment processor itself but enables and facilitates other payment processors with its platform. We include Yapily in our “Green Compliance” list.