Yaspa, a hyper-growth London fintech, has received investment in a funding round led by Discerning Capital to fuel its expansion in the United States.
Yaspa is an award-winning fintech providing instant payment and identity services, using open banking technology and AI to help regulated businesses elevate customer intelligence, and cashflow, via its proprietary real-time payments solution, Intelligent Payments.
Discerning Capital is investing over £7m as it believes Yaspa’s payments process will disrupt the gambling payments ecosystem while adding native player protections. Discerning has been accompanied in this round with participation from longstanding Yaspa investor TechStars Ventures.
Yaspa is headquartered in London and it processes payments across a growing number of markets including Europe. It has also recently incorporated a US entity, based in Atlanta, Georgia.
The United States’ open banking market is projected to witness a CAGR of 22.5% during the forecast period 2024-2031, growing from £5bn in 2023 to £26bn in 2031, according to a 2024 Markets and Data industry report.
Discerning Capital invests in companies that operate at the intersection of online gambling, sports, media, and technology. It focuses on businesses that have proven their model works and need scale capital to further their success. While Yaspa is in hyper-growth mode in its existing markets, Discerning Capital believes that account-to-account (A2A) payments has global appeal for regulated gambling operators, given it is cheaper, reduces chargebacks and allows for seamless integration of player protections.
Yaspa is led by CEO James Neville, who co-founded the company in 2017 after having previously served as a CTO at Worldpay.
