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July 2, 2025 – Yaspa, a hyper-growth London-based fintech, has announced a $12 million (£9 million) funding round led by Discerning Capital, aimed at fueling the company’s expansion into the United States.
Yaspa is an award-winning provider of instant payment and identity services. Leveraging open banking technology and artificial intelligence, its proprietary real-time payments solution – Intelligent Payments – empowers regulated businesses to enhance both customer intelligence and cashflow.
Discerning Capital led the investment round, with participation from Metavallon and TechStars Ventures. The firm sees Yaspa’s offering as a disruptive force in the gambling payments space, particularly for its ability to embed native player protections.
Headquartered in London, Yaspa already processes payments across an increasing number of European markets and recently established a U.S. entity based in Atlanta, Georgia.
According to a 2024 Markets and Data industry report, the U.S. open banking sector is projected to grow from USD 7.08 billion in 2023 to USD 35.79 billion by 2031, at a compound annual growth rate (CAGR) of 22.5%.
Discerning Capital focuses its investments on businesses operating at the crossroads of online gambling, sports, media, and technology. With Yaspa already in hyper-growth mode in its current markets, the firm sees global potential in account-to-account (A2A) payments for regulated gambling operators. These payments are not only cost-effective and resistant to chargebacks but also support seamless integration of player protections.
Yaspa CEO James Neville, who co-founded the company in 2017 after serving as CTO at Worldpay, commented:
“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, will be joining Yaspa’s board as part of the deal. He added:
“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.”
