Red Herring

THE BUSINESS OF TECHNOLOGY

  • Startups
  • Mobile
  • Enterprise
  • Consumer
  • Social
  • Events

London Fintech Firm Yoyo Wins $30m Funding Round

October 25, 2018

Yoyo, a British mobile payments and loyalty platform, has won $30 million from fintech investor Hard Yaka. The London-based startup, founded in 2013 by Michael Rolphe, David Nicholson and Alain Falys, will use the cash to increase its global footprint with users and financial institutions.

Since its formation in 2010 by seasoned tech investor Greg Kidd, Hard Yaka has grown to become one of the Bay Area’s leading backers of highly-rated fintech firms. Its portfolio includes well-known brands like Coinbase, GlobalID and Gatehub, and it has over 65 investments in 15 countries.

Yoyo, which grew from an academic project at the University of London, aims to “disrupt the cosy world of payment, taking the transaction and turning it into a delightful, rewarding experience for shoppers and an insightful and meaningful engagement channel for retailers.” Yoyo currently processes over 2m transactions each month from more than 1.25m users, almost half of whom are active.

Despite the specter of Brexit looming over Britain’s financial sector, its tech startups have cemented London’s position as the number-one European destination for benchmark fintech. The mobile bank Monzo, remitter TransferWise, loan platform Funding Circle and analytics solution OpenGamma have all emerged from the British capital in recent years.

  • 
  • 
  • 
  • 

Filed Under: Finance, Top Story

Related Articles

  • Alphabet Shares Jump After AI-Focused Developer Conference 
  • Twitter to Limit Recommended Timeline to Verified Users 
  • Meta Adds Nearly $100bn to Market Cap After Encouraging Q4 Earnings 

Widget Spacer

Top 100

The Red Herring Top 100 awards highlights the most exciting startups from Asia, Europe and the Americas.

Learn More

Upcoming Events

  • Top 100 Asia

  • Top 100 North America

  • Top 100 Europe

Widget Spacer

Guest Column

What is a Learning Management System?

Rouben David, of CourseForMe.com, outlines the features and benefits of

Widget Spacer

Subscribe

Subscribe now to get event news and updates delivered right to your inbox:

Widget Spacer

#DigitalHerring Tweet

My Tweets
  • About
  • Press & Media
  • Contact Us
Red Herring LinkedInRed Herring Facebook

Copyright © · Red Herring, Inc.

Copyright © 2025 · Red Herring Theme on Genesis Framework · WordPress · Log in