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London-based open banking fintech Yavrio has secured $2.4 million in seed funding to transform enterprise resource planning (ERP) systems by embedding seamless banking solutions. The funding round was led by Fuel Ventures, which contributed $1.9 million, with participation from notable angel investors, including former UK Chancellor Sajid Javid, ex-Deutsche Bank president Garth Ritchie, and ClearScore co-founder Dan Cobley.
As businesses continue to embrace digital transformation, ERP systems remain central to managing financial operations. However, many enterprises still rely on outdated methods such as CSV files—a decades-old data transfer format lacking security measures like encryption and data validation. Yavrio aims to eliminate these inefficiencies by enabling businesses to integrate their ERPs directly with banks, removing the need for manual file transfers and providing real-time financial insights alongside secure, fast transactions.
Already linked to over 10,000 banks across the UK, USA, Europe, and the Middle East, Yavrio is gaining traction among a diverse range of clients, including governmental institutions, elite sports teams, cultural organizations, and commercial enterprises.
“Over the past decade, finance teams have embraced ERP systems to enhance productivity and automation. However, many still struggle with manual CSV file downloads, which pose risks of errors and fraud while increasing reconciliation workloads,” said John Lewis, CEO of Yavrio.
“Yavrio is the next step in financial automation. By streamlining bank account reconciliations—automatically pulling statements, matching them against ledgers, and posting transactions—we help finance teams maximize their ERP capabilities without spreadsheet-related inefficiencies.”
With this fresh funding, Yavrio is poised to drive further adoption of open banking solutions, redefining financial workflows and enhancing security for enterprises worldwide.
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