Yaspa wins award for real-time payment & KYC innovation
Yaspa has received the Real-Time Payments Innovation award at the 2025 Payments Awards, recognising the company's work in streamlining real-time bank payments and advancing identity verification for financial transactions.
Payment technology
The company's Intelligent Payments platform combines open banking and artificial intelligence to support instant bank transfers. The offering provides verified customer insights, payment and account verification services, and aims to reduce manual checking in financial workflows.
The solution is seeing increasing adoption by merchants and operators in the UK and Europe. Yaspa states that its platform enables quick customer checks and automated Know Your Customer (KYC) processes. These features are particularly used by gambling operators who seek to lower friction for users while remaining compliant with regulations.
Growth and expansion
Yaspa has undergone rapid expansion, growing from 15 to 70 employees in 18 months. In July, the company completed a USD $12 million investment round, led by Discerning Capital. The business has also set up a US entity in Atlanta, Georgia, and opened a technology hub in Leeds, UK.
The company was named one of CB Insights' Top 100 Fintechs, a global list that highlights firms shaping the financial services sector. Yaspa says these developments align with a period of increasing interest in real-time payment solutions across sectors that prioritise customer experience and compliance.
Market drivers
Payment platforms that offer account-to-account transactions, automate identity verification, and minimise transaction delays are seeking to enhance the customer experience. Merchants and operators are using Yaspa's platform to decrease operational costs and manage regulatory requirements more efficiently.
The award coincides with Safer Gambling Week, a period dedicated to promoting player protection in the gambling industry. Yaspa's payments solution supports enhanced safeguards at the transaction stage for gambling operators looking to comply with updated guidelines.
Recognition
"We're incredibly proud to receive the Payments Award for Real-Time Payments Innovation. It reflects the hard work of our team and the value our partners see in reliable, real-time money movement." said James Neville, Chief Executive Officer, Yaspa.
"This has been a milestone year for Yaspa, from being named a CB Insights Top 100 Fintech to gaining recognition at the EGR B2B Awards. Each achievement reinforces the momentum behind real-time payments and the impact it can have on both merchants and their customers," said Neville.
