Open Banking fintech Yavrio has announced a major milestone in its U.S. expansion, now offering direct connectivity to corporate accounts at the country’s five largest banks Wells Fargo, J.P. Morgan, Citi Bank, Bank of America, and U.S. Bank. This strategic integration marks a significant advancement in the company’s mission to revolutionize financial operations for businesses across North America and beyond.
In addition to these high-profile integrations, Yavrio has rolled out embedded ACH, RTP, FedNow, and Wire payment capabilities across a network of over 9,600 banks in the United States. This new offering enables businesses to initiate and manage secure payments directly from their payment journals, streamlining workflows and improving financial accuracy.
Yavrio’s deep integration with core corporate banking systems offers businesses real-time access to banking data, essential infrastructure, and multiple payment rails. As a result, finance teams can consolidate all banking activity within their ERP and finance systems, gaining enhanced visibility and control.
The U.S. Open Banking ecosystem is undergoing rapid transformation, catalyzed by the Consumer Financial Protection Bureau’s (CFPB) finalization of the Personal Financial Data Rights rule in October 2024. The regulatory shift has significantly boosted the adoption of Open Banking, with the domestic market expected to reach $35.79 billion by 2031. Yavrio is well-positioned to capitalize on this growth, delivering a unified financial operating system for modern finance teams.
Over the past decade, many organizations have migrated from outdated software to advanced ERP platforms. However, legacy banking integrations continue to hamper efficiency, requiring manual file downloads and reconciliations. Yavrio’s technology aims to eliminate these inefficiencies by embedding real-time data and payment capabilities directly within ERP systems—allowing businesses to execute payments, access live financial insights, and automate reconciliation with enhanced security and minimal effort.
This expansion follows Yavrio’s recent $2.4 million seed funding round, led by Fuel Ventures. The company’s customer base spans a diverse spectrum of organizations, including government entities, elite sports teams, cultural institutions, nonprofits, and commercial enterprises.
Commenting on the milestone, John Lewis, CEO of Yavrio, said:
“After a slow start, Open Banking is gaining real momentum in the U.S., and we are delighted to see Yavrio at the forefront, delivering powerful solutions that make life easier, more efficient, and more secure for finance teams and the real economy.
“The introduction of embedded payments is a game-changer for businesses, enabling them to send cross-border and domestic payments securely from their payment journal, ready for approvers to authorize as normal within their bank portal, enhancing payment efficiency and accuracy.
“Seamless banking connectivity is at the heart of what we do and connecting to these five key banking institutions in the U.S. marks a significant step forward for our business. It also demonstrates our commitment to offer businesses integrated banking solutions no matter where they are located or who they bank with, redefining financial automation for firms globally.”
