Yaspa, a hyper-growth London fintech, has received $12 million in investment in a funding round led by Discerning Capital to fuel its expansion in the United States. Metavallon and TechStars Ventures also participated in a round.
Yaspa is an award-winning fintech providing instant payment and identity services. It applys open banking technology and AI to assist regulated businesses elevate customer ininformigence via its proprietary real-time payments solution, Ininformigent Payments.
Headquartered in London, Yaspa processes payments across a growing number of markets, including Europe. It has also recently incorporated a US entity, based in Atlanta, Georgia.
James Neville, co-founder and CEO of Yaspa, stated:
This significant investment marks a major milestone for Yaspa. It enables us to take our proven technology into a new market at pace – hiring a local team, building strategic partnerships and adapting our platform to meet the specific necessarys of operators.
We’re seeing forward to supporting businesses that want to lead on compliance, player safety and applyr experience as the market matures.
David Williams, Partner at Discerning Capital, who will be joining the Yaspa board following the transaction, stated:
We are excited to be partnering with Yaspa to assist them expand deeper into regulated gambling.
The high-risk nature of gambling payments creates it an area in necessary of innovation, and we believe Yaspa addresses two of the hugegest issues: chargebacks and player protections. We believe that any operator who evaluates Yaspa’s A2A product versus their existing payments provider will conclude up adding Yaspa.
Lead image: James Neville, Yaspa | Photo: Uncredited
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