London, UK, 27 January 2021: Leading enterprise connectivity platform Yapily has today announced that Iain McDougall has joined the executive team as Chief Commercial Officer (CCO).
Iain brings over two decades of experience in leading the global expansion of high-growth technology companies, most recently at Stripe and Google, and will help drive Yapily’s mission to become the leading infrastructure platform for Open Banking across Europe and beyond.
Yapily has a unique position in the Open Banking market, focussed solely on pure infrastructure to enable its clients - businesses from scaleups to enterprise - to build Open Banking enabled products.
Prior to joining Yapily, Iain was the Country Manager and Executive Director at Stripe, where he led the UK and Ireland as Stripe’s first and largest region outside the US. Playing a key role in defining Stripe’s strategy across Europe, Iain scaled and shaped teams to lead the business through periods of significant year-on-year growth. Prior to Stripe, Iain was the Head of Sales at Google Cloud in both the UK and Australia/New Zealand, where he played a key role in the early definition of the business before leading through periods of hyper-growth.
Iain joins the team with significant board level experience and demonstrative success in shaping culture and building teams. The appointment comes one month after the company announced its Chief Operating Officer (COO), Martin Threakall, to lead Yapily’s European expansion. Prior to joining Yapily, Martin was Co-Founder and COO at Modulr, the leading Payments-as-a-Service platform.
Speaking about his appointment Iain McDougall, Chief Commercial Officer for Yapily says, “I am incredibly excited to join Yapily at this pivotal moment for both the company and the industry. The opportunity for Open Banking is immense. I see it very much, as where we were ten years ago with public cloud services - a generational change to the way an essential industry operates. And banking is just the start. The coming years will see similar transformations in terms of openness and transparency to many other industries.
“Yapily is uniquely positioned to drive this change and capitalise on the opportunity through the purity of its technological approach. This is genuinely unique in the market and I could not be more delighted to be here.”
Stefano Vaccino, Chief Executive Officer for Yapily says, “We are delighted to welcome Iain to the team. We are bringing together leading experts to supercharge Yapily’s growth and Iain’s experience in global expansion and building strong like-minded teams, will help Yapily scale to new heights this year.”
The announcement comes as Yapily consolidates its position as the backbone of Open Banking across Europe, having recently launched its third European office in Lithuania. As well as announcing a number of strategic partnerships in 2020, including American Express, Moneyfarm and BUX.
Yapily is an enterprise API connectivity platform, allowing companies to share financial data and access payment infrastructure. Designed and built for Open Finance, Yapily enables fairer and better financial products for everyone.
The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 75 people and continues to scale rapidly.