Denario, an integrated payment management platform for European small and medium-sized businesses (SMBs) and startups, has selected leading open banking infrastructure provider Yapily to help its customers harness the power of financial data.

Denario provides an integrated accounts payable and accounts receivable experience, helping European SMBs and startups to automatically capture bills and receipts from various sources, process payments using a number of different methods and modalities, and reconcile the accounting entry across all their bank accounts and financial tools. Teams can use Denario to set up custom roles and approvals and automate their workflows. They also gain more visibility into their cash position and can save time and money when working with an external accountant.

Yapily’s technology allows Denario customers to easily and securely connect to more than 1,600 banks across Europe, a number that continues to grow as the company expands across the continent. Denario selected Yapily to help deliver a more unified payments experience across European markets, offering instant, fee-free account-to-account transactions to its business customers.

The partnership with Yapily allows Denario’s closed beta customers to connect their bank accounts and financial tools, giving them a holistic real-time view on their paid and outstanding invoices. Business owners, finance managers, and accountants can automatically map their connected financial data across accounts and initiate one click payments, leaving more time for growing their businesses.

Philipp Adrian Pohlmann, Co-Founder & CEO at Denario, comments: “At Denario, our vision extends beyond a pure payments platform. We believe in a future where businesses can automate their financial processes more holistically, without ever using traditional banking or financial admin tools. With Yapily’s infrastructure and expertise, we are one step closer to making this a reality and transforming Denario into a community for businesses to connect, transact, and grow together.

Chris Scheuermann, Commercial Lead DACH at Yapily, comments: “Denario is solving payment headaches for SMBs and startups across Europe. We’re delighted to support this vital community and help Denario deliver the benefits of Open Banking to thousands of European businesses as we continue to grow our global footprint.”