About TrueLayer
TrueLayer is a company based in London (United Kingdom) founded in 2016.. TrueLayer has raised $322.5 million across 9 funding rounds from investors including Stripe, Tencent and Visa. TrueLayer has completed 1 acquisition, including Zimpler. TrueLayer offers products and services including Payments, Payouts, Recurring Payments, Signup+, and Data Verification. TrueLayer operates in a competitive market with competitors including Zeta, Tink, Banked, Weavr and Finastra, among others.
- Headquarter London, United Kingdom
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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- Legal Name Truelayer Limited
- Date of Incorporation 14 Jul, 2016
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of TrueLayer
TrueLayer offers a comprehensive portfolio of products and services, including Payments, Payouts, Recurring Payments, Signup+, and Data Verification. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables instant bank payments for apps and websites securely.
Facilitates fast and verified payouts to users efficiently.
Handles flexible payment plans for ongoing transactions reliably.
Streamlines user onboarding with secure account connections quickly.
Provides user incentives and verification for enhanced security.
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Funding Insights of TrueLayer
TrueLayer has successfully raised a total of $322.5M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $50.0M
- First Round First Round
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Series E - TrueLayer | Valuation | Northzone | |
| Sep, 2021 | Amount | Series E - TrueLayer | Valuation | Northzone | |
| Apr, 2021 | Amount | Series D - TrueLayer | Valuation | Addition |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in TrueLayer
TrueLayer has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Stripe, Tencent and Visa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are funded by Northzone venture capital.
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Venture and private equity investments are managed with global diversification.
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An investment platform is provided for diverse sectors and geographies.
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| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by TrueLayer
TrueLayer has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zimpler. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Mobile payment solutions are provided for businesses via phone-linked verification.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - TrueLayer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Truelayer Comparisons
Competitors of TrueLayer
TrueLayer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Banked, Weavr and Finastra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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Tink is recognized as a leading European open banking platform.
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Open banking APIs for payments and data access are provided.
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SaaS-based financial software is provided for digital businesses.
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Financial software solutions for lending, payments, and banking are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truelayer
Frequently Asked Questions about TrueLayer
When was TrueLayer founded?
TrueLayer was founded in 2016.
Where is TrueLayer located?
TrueLayer is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is TrueLayer a funded company?
TrueLayer is a funded company, having raised a total of $322.5M across 9 funding rounds to date. The company's 1st funding round was a Series D of $70M, raised on Jun 01, 2016.
What does TrueLayer do?
TrueLayer was established in 2016 in London, United Kingdom, within the fintech sector. Open banking API solutions are offered to link third-party providers with banking infrastructures. Access to customer account balances, transaction histories, and credit card details is facilitated. These capabilities support development of applications for payments, online lending, personal financial management, robo-advisors, customer onboarding, insurance, investment services, peer-to-peer marketplaces, and cryptocurrencies.
Who are the top competitors of TrueLayer?
TrueLayer's top competitors include Zeta, Tink and Modulr Finance.
What products or services does TrueLayer offer?
TrueLayer offers Payments, Payouts, Recurring Payments, Signup+, and Data Verification.
How many acquisitions has TrueLayer made?
TrueLayer has made 1 acquisition, including Zimpler.
Who are TrueLayer's investors?
TrueLayer has 20 investors. Key investors include Stripe, Tencent, Visa, Temasek, and Anthemis Group.
What is TrueLayer's valuation?
The valuation of TrueLayer is $1B as of Sep 2021.
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