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UK Payments Firm Yetipay Secures £3.5M to Expand Platform and Develop New Products
UK payments company Yetipay has secured £3.5 million in new funding to support product development and expand its platform across the retail and hospitality sectors. The total includes £1.75 million in debt financing and £1.7 million in equity raised from a group of private investors.
The company stated that the new capital will be used to develop additional features for its payments platform, which currently serves independent retailers and enterprise clients including Brewdog, Pho, Grasso Soho, Kütchenhaus, and Zenith.
First UK Firm to Access Berlin-Based Re:cap Credit Facility
As part of the raise, Yetipay has entered a debt facility agreement of up to £1.75 million with re:cap, a fintech firm headquartered in Berlin. Re:cap recently launched a €125 million credit program supported by HSBC Innovation Banking and Avellinia Capital.
According to re:cap, Yetipay is the first UK-based business to receive funding under this program. The credit facility is part of re:cap’s Capital Operating System, a financing model tailored to recurring revenue businesses.
Private Investment Supports Development Plans
The remaining £1.7 million was raised through equity funding from a group of investors with backgrounds in software, payments, and e-commerce. Among those contributing to the round are Paul Statham (Condeco), Mark Blandford (Blandford Family Office), Ben Whitaker (Masabi), Lloyd Amsdon (Watchfinder), Christian Riener (PCP Capital), and Simon Squibb (HelpBnk).
Yetipay’s leadership said the investor group was selected for its familiarity with the financial technology sector and its alignment with the company’s operational strategy. The firm did not disclose the valuation or specific investment terms.
Target Market: Retail and Hospitality
Yetipay provides payment processing tools designed for use in high-volume, customer-facing environments. Its platform is used by retail stores, restaurants, and hospitality providers to manage transactions and related financial operations.
The company currently reports £4.7 million in annual recurring revenue and processes approximately £450 million in payments each year. It employs 26 staff members and is based in central London.
The platform's primary users are businesses looking for integrated payment solutions that consolidate processing, reporting, and customer experience tools. The company’s service model focuses on providing bundled financial functions within a single platform.
Focus on Sustainable Growth and Operational Efficiency
The company stated that it aims to remain cost-efficient as it scales. It plans to allocate the new funding toward product development and platform reliability. No acquisitions or international expansion were announced as part of this raise.
According to Yetipay, the company has prioritized a funding strategy that balances operational independence with access to capital. It indicated that debt and equity financing were structured to maintain control while accelerating development cycles.
Broader Interest in Fintech and Alternative Financing
The funding announcement comes at a time of increased interest in alternative financing structures in the fintech sector. Debt products designed for companies with recurring revenue streams are gaining attention across European markets.
Re:cap, which focuses on this model, launched its new credit line last week. HSBC Innovation Banking and Avellinia Capital are the program’s institutional backers, and the fund is targeted toward software and technology firms across the UK and EU.
Yetipay’s participation marks an early UK deployment of the fund, which is expected to continue expanding in the second half of the year.
Platform Development to Continue Through 2025
The company said development of new features is ongoing and will continue through 2025. While it did not specify which functions are in progress, it confirmed that the funding will support updates to transaction tools and merchant-facing interfaces.
Yetipay operates in a competitive segment of the fintech market, with several larger firms offering similar services. Its current strategy involves emphasizing simplicity and usability for retail and hospitality businesses, particularly small and mid-sized operators.
The company has not announced plans for international expansion or additional hiring beyond its current team size.
Conclusion
Yetipay’s £3.5 million funding round includes contributions from both private investors and a credit facility extended by Berlin-based re:cap. The firm intends to use the capital to expand its payments platform and develop new tools for its business customers in the UK retail and hospitality sectors.
As alternative financing continues to attract interest among fintech companies, Yetipay’s approach reflects broader shifts in how early-stage firms balance operational costs with the need for product growth.
