Yetipay secures £3.5m in debt and seed investment from re:cap and angel backers.
The UK payments startup raised funds from re:cap and super angel investors to scale its platform.
Yetipay provides all-in-one payment platforms and low-cost terminals for retail and hospitality businesses. Headquartered in London, the company processes hundreds of millions in transactions annually.
Yetipay has secured £3.5m in a combined debt and equity funding round to support its ongoing expansion. The financing comprises a £1.8m debt facility from Berlin-based re:cap alongside £1.7m in equity from a group of high-profile angel investors. The fresh capital will be deployed to scale the company payment platform and introduce new products for its enterprise and independent customers.
From the founder
"We focused on raising the minimum amount required and selecting investors that bring valuable deep payments industry experience, combined with innovative non-dilutive funding from re:cap. We are in a David vs Goliath battle with our larger competitors, where their massive OPEX commitments present a significant opportunity for our nimble, innovative and customer-centric approach. We’ve stayed lean, raised capital in a sustainable non-dilutive way, and delivered products that offer real benefits – there’s more to come in 2025."
Oliver Pugh
Founder and CEO at yetipay
Investor perspective
"We’re thrilled to back yetipay as our first customer in the UK. Their ability to generate significant traction with a lean, focused team – while delivering a very sticky product to a clearly defined market – makes them an exceptional partner and an exciting company to work with."
Christian Luecke
Chief Commercial Officer, re:cap
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Christian Luecke
re:cap
Paul Statham
Mark Blandford
Ben Whitaker
Lloyd Amsdon
Christian Riener
Simon Squibb
