Open banking platform Yapily has partnered with B2B Buy Now Pay Later (BNPL) start-up Two, enabling merchants to offer BNPL services to their business customers instantly at checkout.
SMEs are the backbone of Europe’s economy. They account for almost two thirds of European jobs and contributed approximately €3.5 trillion to the European economy in 2020. Yet, as reported by Allianz, industry research estimates that a €400bn SME finance gap still exists in Europe.
Together, Yapily and Two are easing the burden for these SMEs by offering alternative ways to access credit via BNPL and open banking.
