Funding of £3.5M secured by yetipay from Re:Cap and Super Angel investors, propelling the next stage of expansion and advancement.
Yetipay Secures €4 Million Funding Round for Expansion
The UK fintech startup, Yetipay, has announced that it has raised approximately €4 million (£3.5 million) in a recent funding round, primarily structured as a debt facility, led by Berlin-based fintech investor re:cap. This latest capital injection brings Yetipay’s total funding to around £6.6 million (€6.9 million).
The funding is designed to support the development and expansion of Yetipay’s all-in-one payments platform, focused on the hospitality, retail, and service sectors. The platform, which is headquartered in David Bowie's former Soho studio, offers features typically found only in much larger players, simplifying payments for businesses and offering reliable tools that save time and money.
Key details about Yetipay’s funding and investors include:
- Lead investor: Berlin’s re:cap, backing Yetipay as their first UK company. Re:cap has provided a £1.75 million (€2 million) debt facility as part of a larger €125 million credit facility it manages, backed by HSBC Innovation Banking and Avellinia Capital.
- This strategic partnership and alternative funding model reflect a growing trend in European fintech and SaaS ecosystems, combining debt and equity to promote capital-efficient scaling.
- The funding will enable Yetipay to introduce new tools for clients primarily in hospitality and retail, enhancing payment speed, simplicity, and cost-efficiency.
- Clients include notable brands like Brewdog, Pho, Grasso Soho, Kütchenhaus, and Zenith.
- Yetipay currently processes approximately €520 million per year in transactions and has an Annual Recurring Revenue (ARR) of around €5.4 million.
- The company operates in the UK, Italy, and Spain, with plans to expand into the US, Australia, and New Zealand.
Regarding growth strategy:
- Yetipay aims to compete with major payment processors in transaction volume while maintaining a lean operational model focused on efficiency rather than aggressive scaling.
- This lean approach is seen as a way to manage costs and sustain growth without the overhead usually required by larger competitors.
- The success of their model could become an example for other fintech startups balancing growth and capital efficiency.
Yetipay's Chief Commercial Officer, Christian Luecke, expresses excitement about working with re:cap. The yetipay team consists of 26 people, and the company has also raised £1.7 million in equity from super angel investors, including Paul Statham, Condeco, Thoma Bravo, Mark Blandford, Blandford Family Office, Ben Whitaker, Masabi, Lloyd Amsdon, Watchfinder, Christian Riener, PCP Capital, Simon Squibb, HelpBnk, and others.
Yetipay's goal is to compete with the biggest players in transaction volume while keeping operations lean. The company stays lean and raises capital in a sustainable non-dilutive way, positioning itself for broader international expansion.
Technology plays a significant role in Yetipay's all-in-one payments platform, offering features usually found in much larger players, streamlining payments for businesses and saving time and money. This platform, which is based in David Bowie's former Soho studio, also aims to adopt technology efficiently to enhance payment speed, simplicity, and cost-effectiveness.
The funding secured by Yetipay, led by Berlin-based fintech investor re:cap, will not only support the expansion of the platform but also foster the integration of advanced technological solutions to provide cutting-edge payment solutions for clients, primarily in the hospitality and retail sectors.
