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The company sells its open banking API into Fortune 500 companies as well as high growth fintech companies in the UK like GoCardless. \"Doing a funding round in normal situation is stressful and challenging but at this time it's even more so;;\" Stefano Vaccino CEO of Yapily. \"Lakestar understand this market well and have been following us for a while.\" Click here for more BI Prime stories.", "slideCount": 12, "companyName": "Yapily", "description": "London-based fintech Yapily has raised $13 million from Lakestar to help the company continue its personnel and geographic growth. The company sells its open banking API into Fortune 500 companies as well as high growth fintech companies in the UK like GoCardless. \"Doing a funding round in normal situation is stressful and challenging but at this time it's even more so;;\" Stefano Vaccino CEO of Yapily. \"Lakestar understand this market well and have been following us for a while.\" Click here for more BI Prime stories. London-based fintech Yapily has raised $13 million from Lakestar to help the company continue its personnel and geographic growth. The company sells its open banking API (application program interface) into Fortune 500 companies as well as high growth fintech companies in the UK like GoCardless. Founded in 2017;; Yapily claims that in the last six months its monthly recurring revenue has grown by over 500%. Lakestar led the round alongside existing investors HV Holtzbrinck Ventures and LocalGlobe which takes Yapily's total funding to $18 million. \"Doing a funding round in normal situation is stressful and challenging but at this time it's even more so;;\" Stefano Vaccino CEO of Yapily said. \"Lakestar understand this market well and have been following us for a while.\" Vaccino told Business Insider that the company had considered waiting until later in the year to fundraise. 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