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 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.