A couple of weeks back, Yapily, a London-based enterprise API connectivity platform, recently expanded its operation to Germany, to drive open banking adoption.
Yapily partners with BUX
And now, the UK fintech collaborated with BUX, the Dutch fintech to expand its operation in France and Austria. This partnership will enable French and Austrian BUX Zero users, along with German users to seamlessly fund their accounts and quickly build an investment portfolio.
Increase in fintech services
As per the company’s claim, fintech services have increased significantly across both France and Austria since the implementation of PSD2. To reiterate, PSD2 (Payment Services Directive 2) is the EU directive designed to offer more safer and innovative payments services.
Frictionless process
The extension of the BUX and Yapily partnership allows French and Austrian BUX Zero users to begin investing in the brands and companies they care about commission-free, in an easy, and intuitive way.
Previously, the French and Austrian BUX Zero users funded their accounts through bank transfers; taking on average one working day to arrive.
Yapily’s open banking API integration enables BUX Zero customers to speed up the process of making deposits to their BUX Zeroaccounts. This further consolidates Yapily’s position in Europe as the backbone of open banking.
Nick Bortot, Founder & CEO of BUX said, “Efficiency and high usability are the core of BUX Zero, which we clearly prove by integrating the Yapily API. We are constantly looking for innovations to make the investment experience of our digital native customers even easier. This new generation of investors needs an investment experience that fits their mobile lifestyle. BUX Zero is the first choice for these investors because it offers the right solution for this target group.”
Stefano Vaccino, CEO of Yapily said, “We are pleased to announce the extension of our partnership with Bux to France, which is in line with our pan-European strategy. Drawing on our open banking expertise, we have rolled out connectivity in three countries – Germany, France, and Austria – which allows regional Bux Zero users to receive a better in-app experience.”
BUX
Based out of Amsterdam, BUX makes it easy and affordable for people to engage in the financial markets through mobile platforms. The company has raised $35.3M (approx £26.4M) funding, backed by Holtzbrinck Ventures, Velocity Capital, Orange Growth Capital, and Initial Capital.
Yapily
Yapily is an enterprise API connectivity platform, allowing companies to share financial data and access payment infrastructure. Designed and built for Open Finance, Yapily raised $18.4M (approx £13.8M) in funding to date