Five Arrows Growth Capital Team Makes New Investment

Leadership team backs Founder Adam Norris

Move will further strengthen the business’ existing market position and support its continued expansion

Leading growth capital investor, Five Arrows Growth Capital*, today announces a significant investment in UK-based disruptive payments technology provider, Yapily. The investment will support Yapily's continued expansion and follows a breakout year of growth for the business.

Launched in 2017, Yapily has grown revenues by 500% in the last 12 months, and trebled its employee base. The company's technology platform - which makes use of open banking - connects banks, fintechs and corporates and is empowering businesses to create new revenue streams and improve customer experiences.

Yapily’s open banking technology allows businesses to quickly and securely access financial data and initiate payments. It does this by connecting to bank systems via APIs (application programming interfaces) and transforming raw banking data into actionable insights and payment initiation services. The company currently has over 1,100 live connections across the UK and Europe, and has partnered with major banks such as HSBC, Barclays and Lloyds Banking Group.

Alongside the investment, Five Arrows has partnered with Yapily to enhance and further develop the company's products. The partnership with Five Arrows will enable Yapily to continue to invest in its technology and expand into key geographic markets, including the United States and across Europe.

Adam Norris, Founder and CEO of Yapily, said: "With this investment from Five Arrows, we are now able to accelerate our mission to redefine the possibilities of open banking and embedded finance. Their team understands our aspiration for Yapily to be the open banking and payments engine powering a new generation of game-changing financial services. We are thrilled to have them on board as we enter our next phase of growth."

Henry Vaughan, Partner at Five Arrows, added: "We have been incredibly impressed by the Yapily team and their vision for open banking. The business has already achieved remarkable success, and we believe there is the potential for even greater growth as the ecosystem continues to develop."

He continued, "Yapily is not just an open banking provider. It is a disruptive payments company and is driving real change in the payments landscape. We look forward to working closely with the team to support their continued growth and innovation."

The investment in Yapily is the latest in a series of investments made by Five Arrows Growth Capital in the financial services sector. Other investments include Revolut, iZettle, Fidel API, and Mintos.

Yapily was advised by Houlihan Lokey (corporate finance) and Freshfields Bruckhaus Deringer (legal).

Five Arrows was advised by Kirkland & Ellis (legal) and PwC (financial and tax).

* Five Arrows Growth Capital is part of Rothschild & Co, one of the world’s leading independent financial advisory and asset management groups.