Yavrio Secures £1.9m in Seed Funding to Revolutionize ERP Connectivity
Deal News | Jan 29, 2025 | Business Cloud
Yavrio, a London-based FinTech company, has successfully raised £1.9 million in seed funding to enhance its open banking platform. The funding round was spearheaded by Fuel Ventures, alongside other investors, aiming to revolutionize the enterprise resource planning (ERP) industry by eliminating error-prone CSV file imports. Yavrio's platform enables seamless integration between ERPs and banks, delivering real-time financial insights and facilitating swift secure transactions. Currently, Yavrio is connected to over 10,000 banks globally and supports multiple ERP platforms. Their innovative technology promises to automate tedious financial tasks, allowing finance teams to maximize their ERP capabilities. This development signifies a critical evolution in the financial technology landscape, moving towards enhanced embedded banking and payments solutions.
Sectors
- FinTech
- Enterprise Software
- Banking
Geography
- United Kingdom – Yavrio is based in London, UK, and the funding round was led by a UK investor.
- Global – Yavrio's banking platform is connected to over 10,000 banks across the UK, USA, Europe, and the Middle East, indicating its global reach.
Industry
- FinTech – This article discusses a financial technology company innovating with open banking solutions to connect ERP systems and banks.
- Enterprise Software – Yavrio's focus on enhancing enterprise resource planning (ERP) connectivity places it firmly within the enterprise software sector.
- Banking – By integrating banking services with ERP platforms, Yavrio operates at the intersection of FinTech and traditional banking.
Financials
- £1.9m – The amount raised by Yavrio in seed funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yavrio | Target Company | Company | A London-based FinTech company focused on connecting ERPs and banks for seamless financial operations. |
| Fuel Ventures | Lead Investor | Company | A venture capital firm that led the seed funding round for Yavrio. |
| John Lewis | CEO and Founder | Person | Founder and CEO of Yavrio, leading its technological and strategic direction. |
| Oli Hammond | Partner at Fuel Ventures | Person | A partner at Fuel Ventures who commented on Yavrio's market positioning. |