Yapily, the European open banking infrastructure provider, has launched in Spain to drive innovation, growth and international expansion for domestic banks and the country’s thriving fintech sector.
The Spanish launch comes on the heels of Yapily raising $51m in its Series-B fundraising round and will see the appointment of an experienced local team.
Yapily has already developed substantial capabilities in the Spanish market. With 100% PSD2 connectivity, Yapily covers more than 95% of Spanish bank accounts – both retail and corporate – at 52 banks. This represents near total market coverage for the deployment of open banking-enabled products and services.
Angel Salamanca, Yapily’s Country Lead for Spain, said:
“With a focus on rapid growth, Spain’s fintech firms are looking for scalability, innovation and opportunities for international expansion. Yapily’s open banking infrastructure can provide them with all of these as well as the tools to build better products and services. Our infrastructure is API-first, secure, reliable and delivers a great developer experience. Yapily is content to remain in the background – invisible to end users and putting our customers in control and at the forefront in creating better user journeys and experiences.”
