Airbank, Yapily to build a financial management solution for SMBs

Money administration option for Europe-based mostly startups and SMBs Airbank has picked Open Banking infrastructure company Yapily to help its users regulate their finances with relieve.

Airbank supplies a easy money administration remedy that aggregates all bank accounts in 1 area and provides far more command, visibility, and automation to fashionable finance teams. Startups and SMBs use Airbank to obtain bank accounts, watch hard cash flow in authentic-time, build dependable forecasts, and make company payments. Airbank matches lender transactions with merchant and classification data to give finance teams finish visibility into revenues and costs, as a result assisting make their lives simpler with hard cash movement budgeting, forecasting, and reporting.

Yapily’s API infrastructure offers Airbank people with a easy, very simple way to link to additional than 1,500 banking institutions across the Uk and Europe together with Deutsche Lender, Commerzbank, Sparkassen, Volksbanken, and neobanks. Airbank selected Yapily for its robust protection in Europe, with a certain emphasis on Germany, France, Spain, and the United kingdom. Yapily’s European bank connectivity allows Airbank’s buyers to scale and mature across Europe, delivering forecast visibility wherever they go.

The partnership with Yapily alleviates Airbank’s buyers from shelling out time and sources taking care of their finances – supplying them direct access to all the monetary and contextual information they want in a single device. Traditionally, most businesses created budgets and hard cash movement forecasts in guide spreadsheets which is time-consuming and error-prone. With Airbank, customers preserve time and costs to emphasis on price-adding business enterprise responsibilities.

The partnership also permits Airbank’s shoppers to use its facts enrichment platform and transaction categorisation motor to convert the raw facts from financial institution accounts into meaningful and actionable insights. Airbank reconciles account balances, forecasts financials, and can help business homeowners make smarter company decisions every single working day. Harnessing Yapily’s top Open up Banking infrastructure, Airbank can speed up its adoption of digital banking companies.

Airbank’s eyesight is to simplify monetary management for SMBs and to make a unified system that allows its end users with the complete cycle of fiscal management from cash flow assessment and forecasting, to accounts receivables and payables management, and additional. Airbank has raised USD 3 million seed funding from leading VCs, and counts hundreds of customers in Germany, Austria, France, Spain, and the Uk.

Minnie Arwood

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