Yapily swings to a £355,000 profit on £16.7M revenue and says it prefers the sidelines of open banking consolidation

Yapily's turnover rose from £6.7 million to £16.7 million in 2025, and the company swung from a £16.2 million loss to a £355,000 profit, according to new filings reported by tech.eu. Founder and CEO Stefano Vaccino attributed the result to a lean organisation and more revenue from existing customers, which include Revolut, Intuit, Adyen and Google. Yapily employed 102 people at year end.

The London-based open banking infrastructure company lets businesses access bank data and initiate open banking payments. Its last round was a $51 million Series B in 2021 led by Sapphire Ventures, with Lakestar, HV Capital and Latitude; Vaccino said it has not raised since because it wanted to prove open banking is viable.

With PayPoint buying obconnect and TrueLayer buying in3 and Zimpler, Vaccino expects more consolidation but said Yapily prefers to remain on the sidelines and focus on organic growth. He points to commercial variable recurring payments and the EU's FiDA framework as the drivers for 2027 and 2028.

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