Vyne
“Can account-to-account open banking payments displace card rails for UK/European merchants at checkout?”
Founded2021
HQLondon, United Kingdom
Total raised$15.5M
Latest roundSeed, 2021
IndustryFintech / Cross-border payments
The story
Vyne launched in 2021 as a specialist account-to-account (A2A) payments platform targeting merchants in the UK, leveraging open banking rails to offer an alternative to card-based payments. The company secured the largest seed round in the UK open banking market at the time ($15.5M), positioning itself as a challenger payment platform. Its BigCommerce integration ('Vyne Pay with Bank') shows expansion into e-commerce checkout, embedding A2A payment options directly into merchant storefronts.
Last 12 months
—
Product timeline
2021
Vyne raised $15.5M seed round — described as the largest seed round in the UK open banking market to date — to build a challenger account-to-account payments platform for merchants.· banking
The stack
Payments / PSP
Accounting gap: none