Fox Williams advised award-winning, ‘API Only’ technology provider Yapily Ltd on its latest funding round, co-led by LocalGlobe and HV Holtzbrinck Ventures, following which the London based fintech start-up has raised a total of $5.4 million in seed funding.
Other investors in the round included Taavet Hinrikus (TransferWise chairman and co-founder), Ott Kaukver (Twillio’s CTO) and Roberto Nicastro (UniCredit’s former deputy CEO).
Yapily’s mission is to enable innovative products, such as its Open Banking API platform, to connect to banks, empowering a new generation of financial services.
The Fox Williams team principally comprised corporate partner Andrew Woolf, corporate associate Bethany Silkin and head of FinTech Jonathan Segal.
Jonathan Segal said: “Open Banking is starting to have a real effect on the UK’s financial services sector, creating a more level playing field between the incumbent financial services providers and FinTechs. We are proud to have supported founder Stefano Vaccino and his outstanding team at Yapily on this fundraise from major VCs and angel investors, allowing them to enter their next phase of growth and take advantage of the opportunities that Open Banking has made possible”.