Yaspa receives $12M investment to fuel US expansion

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 uses open banking technology and AI to help regulated businesses elevate customer intelligence via its proprietary real-time payments solution, Intelligent 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, said:

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 needs of operators.

We’re looking forward to supporting businesses that want to lead on compliance, player safety and user experience as the market matures.

David Williams, Partner at Discerning Capital, who will be joining the Yaspa board following the transaction, said:

We are excited to be partnering with Yaspa to help them expand deeper into regulated gambling. 

The high-risk nature of gambling payments makes it an area in need of innovation, and we believe Yaspa addresses two of the biggest issues: chargebacks and player protections. We believe that any operator who evaluates Yaspa’s A2A product versus their existing payments provider will end up adding Yaspa.

Lead image: James Neville, Yaspa | Photo: Uncredited