Yapily in a $51 million Series B funding round led by Sapphire Ventures.

Yapily, a London, UK-based software developer of a single, unified open banking API for the European market, announced the completion of a $51 million series B.

The money was raised from investors led by Sapphire Ventures, joined by existing investors Lakestar, HV Capital and Latitude.

Proceeds will be used to enter new markets including France and Spain, while continuing to invest in existing markets (UK, Italy and Germany) where it has already established a strong presence with a rapidly increasing customer base.

Yapily, founded in 2017 bY CEO Stefano Vaccino, is an open banking infrastructure developer, providing a single, unified open banking API for several European markets. Developers can leverage that programming interface to interact with third-party bank accounts directly from their own products.

Customers include Intuit QuickBooks, GoCardless, American Express, BUX, Volt, Moneyfarm and Vivid Money. As the invisible backbone for open banking, Yapily covers more than 90% of accounts in major European countries with deep open banking knowledge and expertise.  

Yapily previously raised about $18 million.