Yaspa
Founded Year
2017Stage
Grant | AliveTotal Raised
$1.27MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+73 points in the past 30 days
About Yaspa
Yaspa operates as a fintech company specializing in instant payments and identity services within the financial technology sector. The company offers a suite of products that enable payments and deposits, instant payouts, and comprehensive account verification services for regulated businesses. Yaspa primarily serves industries such as iGaming, eCommerce, electronic point-of-sale systems, utilities, charities, and trading. Yaspa was formerly known as Citizen. It was founded in 2017 and is based in London, United Kingdom.
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Yaspa's Product Videos
Yaspa's Products & Differentiators
Payments
Payments (deposits, pay-ins) direct from an individual's bank account to a business account via open banking. Settlement is typically real-time across Faster Payment or SEPA Instant rails, and the transaction takes seconds to make, with no PINs, codes or apps required.
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Expert Collections containing Yaspa
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Yaspa is included in 3 Expert Collections, including Cybersecurity.
Cybersecurity
10,544 items
These companies protect organizations from digital threats.
Payments
3,123 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,661 items
Excludes US-based companies
Latest Yaspa News
Feb 12, 2025
12 Feb 2025 Nearly half of UK adults are unfamiliar with the term ‘Pay by Bank’, despite its growing presence at online checkouts, according to new research by real-time payment provider Yaspa. While 55% reported familiarity with the term ‘Pay by Bank’, 45% of those polled remained unaware of the definition, with familiarity higher among males (57%) than females (53%). The inaugural Yaspa Index surveyed more than 2,000 adults in the UK and found that familiarity with the payment method Pay by Bank differed across generations, as well as gender. Among Baby Boomers – which is the generation born between 1946 and 1964 – 48% reported familiarity with the term, versus 52% who are unfamiliar. Those born between 1965 and 1980, commonly known as Gen X, reported similar levels of familiarity, with 51% recognising the term ‘Pay by Bank’ and 49% who are not aware of it. Familiarity with Pay by Bank rises among Millennials and Gen Z, however, at 60% and 69%, respectively. The Yaspa Index also asked consumers about their awareness of other payment terms, including account-to-account payments, Open Banking, Bacs and Faster Payments. Fully half of UK adults are familiar with the term ‘account-to-account payments’, with males more familiar with this payment method than females, at 54% versus 47%, respectively. Only 28% of UK adults reported being familiar with ‘Open Banking’, rising to 36% among male respondents versus 21% of female respondents. The majority of respondents are familiar with the payment methods ‘Bacs’ (83%) and ‘Faster Payments’ (55%). The Yaspa Index also revealed that security (72%) and ease of use (66%) are the top priorities for consumers choosing a payment method. It found that, while QR code payments are on the rise, only 27% of respondents used them for transactions in the past year. Kate Marsden, chief marketing officer at Yaspa Kate Marsden, chief marketing officer at Yaspa, said: “Open Banking has the potential to revolutionise payments, offering faster, more secure, and cost-effective transactions. “However, our research highlights a key challenge: naming conventions matter. ‘Pay by Bank’ is gaining traction, but its meaning remains ambiguous to many consumers.” She added: “The Yaspa Index 2025 serves as a benchmark for industry awareness and provides valuable insights for businesses looking to optimise their payment offerings.” Earlier this month, Yaspa entered a strategic partnership with Playbook Engineering, a UK-based company that provides a global betting platform for the gaming industry, to bring instant bank payment solutions to Playbook’s online betting sites.
Yaspa Frequently Asked Questions (FAQ)
When was Yaspa founded?
Yaspa was founded in 2017.
Where is Yaspa's headquarters?
Yaspa's headquarters is located at 2-20 Scrutton Street, London.
What is Yaspa's latest funding round?
Yaspa's latest funding round is Grant.
How much did Yaspa raise?
Yaspa raised a total of $1.27M.
Who are the investors of Yaspa?
Investors of Yaspa include Innovate UK, Techstars Ventures, Metavallon VC, Rise Accelerator, Barclays Accelerator and 3 more.
Who are Yaspa's competitors?
Competitors of Yaspa include Nilus, Payaut, TrueLayer, Volt, Vyne and 7 more.
What products does Yaspa offer?
Yaspa's products include Payments and 4 more.
Who are Yaspa's customers?
Customers of Yaspa include OKTO, MetroPrepaid, VCL Vintners and Casino Lugano.
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Compare Yaspa to Competitors
TrueLayer is an open banking platform that specializes in the financial services industry. The company offers a suite of products that enable instant bank payments, fast and verified payouts, streamlined user onboarding, and variable recurring payments, all designed to facilitate safer and more efficient financial transactions. TrueLayer primarily serves sectors such as e-commerce, gaming, financial services, travel, and cryptocurrency markets. TrueLayer was formerly known as Finport. It was founded in 2016 and is based in London, United Kingdom.
Volt provides payment solutions within the financial technology sector. It offers a network for account-to-account payments, allowing businesses to send and receive money. Volt's services are available for sectors including retail, travel, wealth, gaming, and crypto. It was founded in 2019 and is based in London, United Kingdom.
Banked is a financial technology company that specializes in real-time payments for consumers, businesses, and banks within the fintech sector. The company offers a suite of products that facilitate fast, secure, and simple account-to-account payments, including a modular checkout solution, payment links, and QR codes, as well as services for payouts, refunds, and fraud management. Banked's solutions are designed to improve payment security, enhance business efficiency, and reduce costs associated with traditional payment methods. Banked was formerly known as StudioH67. It was founded in 2018 and is based in London, United Kingdom.
Boodil is a payments platform that provides access to funds and checkout experiences across various business sectors. The company offers a payment solution that enables merchants to send payment links, facilitate payments via Open Banking or card, and access a merchant dashboard for payment management. Boodil serves eCommerce businesses, the travel industry, automotive sector, professional services, and collections functions. It was founded in 2022 and is based in Manchester, England.
Trustly Group focuses on open banking solutions in the financial services and payment processing sectors. The company provides products that facilitate payments, consumer onboarding, and risk assessment using bank-validated financial data. Trustly Group serves sectors including billers, eCommerce, financial services, and gaming. It was founded in 2008 and is based in Stockholm, Sweden.
Token.io specializes in A2A payment infrastructure within the financial technology sector. The company offers solutions for initiating instant bank payments, managing recurring payments, and handling virtual accounts, all designed to facilitate smoother and more secure financial transactions. Token.io primarily serves payment providers, banks, and merchants looking to integrate advanced payment methods into their services. Token.io was formerly known as Token. It was founded in 2016 and is based in London, United Kingdom.
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