Hodge invests in award-winning Welsh fintech Yoello

 

We are pleased to announce our investment in Yoello, a multi-award winning FinTech company.

Yoello offers a simple, affordable, and secure way to help any business to accept mobile payments, and their Open Banking mobile payment technology has saved businesses thousands in fees whilst increasing their revenues significantly.

Our investment will help Yoello continue its accelerated growth of their mobile payments and banking platform, making further headway in UK markets and international expansion too.

After launching its mobile payments platform into the UK hospitality and retail market last year, thousands of businesses are now trading through Yoello not only in the UK but also in Australia, USA and Ireland too.

Our businesses share a vision to innovate in the finance sector and this investment means we can leverage our heritage and combine it with Yoello’s cutting-edge technology to enable both companies to revolutionise the sector.

Talking about the investment, David Landen, our CEO commented:

“Innovation is at the heart of what we do here at Hodge. Although we have a long history in financial services, we know that modernisation and technology are key to progressing the sector and our business. We hope this is the first of many investments Hodge will make to help support tech start-ups and cement our reputation for developing financial services businesses in Wales for the good of the economy and our customers.”

Sina Yamani, Founder and CEO of Yoello, said of Hodge’s investment:

“This has come at a fantastic time for Yoello. We have recently been recognised as one of the top growing fintechs in the UK by Tech Nation and have successfully launched in international markets. This investment is a real boost for the company as we continue to grow and support the hospitality and retail industries with our technology across the globe.

“To get this investment from an institution such as Hodge is a testament to the hard work our team has put in since we started. It is a privilege to work so closely with the Hodge team to innovate our offering in the coming months and years. Hodge has played a significant role in the development of the financial sector across Wales and is well known for its tremendous culture and philosophy.

“This partnership will accelerate Yoello’s international expansion whilst enabling disruptive financial products for our customers. Both companies share the same vision of innovating in the finance sector through technology and I am really looking forward to some of the cutting-edge projects that we will be developing together over the coming years.”