Yapily to acquire a 75% stake in finAPI from SCHUFA.

Yapily, a software company, agreed to acquire a 75% stake in finAPI, a provider of open banking solutions, from SCHUFA. Financial terms were not disclosed. “This is a hugely exciting milestone for Yapily on our journey from disruptive start-up to ambitious scale-up. Within three years from launch, we have commercialised our platform, grown our customer base, and now have the largest open banking payments volumes in Europe. Working with finAPI, we can gain more speed, agility, and depth to accelerate innovation and shape the future of open finance in Europe and beyond," Stefano Vaccino, Yapily Founder and CEO.