UK payments firm yetipay secures £3.5m for growth

July 18, 2025

London-based payments company yetipay, known for its fast and low-cost payment processing terminals tailored to the hospitality, retail, and service sectors, has raised £3.5m to fuel the next phase of its growth.

The new funding includes a £1.75m debt facility from Berlin-based FinTech re:cap and a £1.7m equity raise from a group of prominent angel investors. These backers include Paul Statham, Mark Blandford, Ben Whitaker, Lloyd Amsdon, Christian Riener, and Simon Squibb.

Founded in 2017, yetipay has established itself as a trusted provider of all-in-one payments solutions to brands such as Brewdog, Pho, Grasso Soho, Kütchenhaus and Zenith. The platform offers simple, efficient payment tools that help businesses save time and money, allowing them to concentrate on their core services.

The company said the funds will be used to expand its platform and roll out new products for its growing base of enterprise and independent clients.

yetipay is the first UK company to benefit from re:cap’s €125m credit facility, launched in partnership with HSBC Innovation Banking and Avellinia Capital. The company has seen significant traction, with £4.7m in annual recurring revenue and over £450m in transactions processed annually. It is currently active in the UK, Italy, and Spain, with plans to expand into the US, Australia, and New Zealand.

yetipay founder Oliver Pugh said, “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.”

re:cap chief commercial officer Christian Luecke said, “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.”