# UK Payments Startup yetipay Raises £3.5M to Accelerate Growth, Backed by re:cap and Leading Angels

_yetipay, the UK-based payments platform, has raised £3.5 million to fuel its next phase of growth and expand its product offering for the hospitality and re..._

**Published:** 2025-07-17
**Source:** https://www.startuphub.ai/ai-news/funding-round/2025/uk-payments-startup-yetipay-raises-3-5m-to-accelerate-growth-backed-by-recap-and-leading-angels

---

[yetipay](https://yetipay.me/about), the UK-based payments platform, has raised £3.5 million to fuel its next phase of growth and expand its product offering for the hospitality and retail sectors. The round combines £1.75 million in non-dilutive funding from Berlin-based fintech re:cap and £1.7 million in equity from a group of prominent super angel investors.

yetipay serves a growing list of enterprise and independent brands including Brewdog, Pho, Grasso Soho, Kütchenhaus, and Zenith. The company has grown revenue 7x over the past 12 months and now processes £450 million in transactions annually.

The £1.75 million debt facility comes from re:cap’s newly launched €125 million credit line, supported by HSBC Innovation Banking and Avellinia Capital. yetipay is the first UK startup to tap into the facility, marking re:cap’s entry into the UK market.

The equity portion of the raise was led by a group of high-profile angels, including:

- **Paul Statham** (Condeco, Thoma Bravo)
- **Mark Blandford** (Blandford Family Office)
- **Ben Whitaker** (Masabi)
- **Lloyd Amsdon** (Watchfinder)
- **Christian Riener** (PCP Capital)
- **Simon Squibb** (HelpBnk)

“We intentionally kept this round lean, raising just what we needed while bringing on board investors with deep payments expertise,” said **Oliver Pugh**, founder of yetipay. “Our bigger rivals are weighed down by bloated OPEX. We’re playing the David to their Goliath, agile, capital-efficient, and relentlessly focused on building tools that solve real problems. There’s much more to come in 2025.”

yetipay’s ARR now stands at £4.7 million. With this round, total funding to date reaches £6.6 million.

“yetipay is a textbook example of what we look for: strong fundamentals, real traction, and a product customers love,” said **Christian Luecke**, Chief Commercial Officer at re:cap. “We’re excited to support their journey as our first UK partner.”

Designed to simplify payments for businesses, yetipay’s platform helps merchants reduce operational overhead and deliver a better customer experience. The company continues to roll out new tools tailored for fast-moving, service-led businesses.

---

Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.

© StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.