TrueLayer

London, United Kingdom Founded: 2016 • Age: 10 yrs
Provider of open banking API solutions for payment institutions
Annual revenue - Latest available
Total funding $322.5M 10 rounds
Employees - Tracked headcount
Investors 21 Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

About TrueLayer

TrueLayer is a company based in London (United Kingdom) founded in 2016. TrueLayer has raised $322.5 million across 10 funding rounds from investors including Stripe, Tencent and Visa. TrueLayer has completed 2 acquisitions, including In3 and 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
  • Sectors
    Financial Services
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Truelayer Limited
  • Date of Incorporation 14 Jul, 2016
  • Jurisdiction LONDON, UNITED KINGDOM
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $322.5 M (USD)

    in 10 rounds

  • Latest Funding Round
    Not available
  • Investors
    Stripe

    & 20 more

  • Employee Count
    Not available
  • Investments & Acquisitions
    In3

    & 1 more

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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.

Product name locked
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Primary

Enables instant bank payments for apps and websites securely.

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Facilitates fast and verified payouts to users efficiently.

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Handles flexible payment plans for ongoing transactions reliably.

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Streamlines user onboarding with secure account connections quickly.

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Provides user incentives and verification for enhanced security.

People of TrueLayer

Headcount 200-500
Employee Profiles 87
Employee Profiles
People
Jelaxshan Jehanathan
Senior Software Engineer (frontend)
People
Francesco Simoneschi
CEO & Co-Founder
People
Thomas Pearson
Senior Software Engineer
People
Mingrui Huang
Senior Software Engineer

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Funding Insights of TrueLayer

TrueLayer has successfully raised a total of $322.5M across 10 strategic funding rounds. 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.

Investors in TrueLayer

TrueLayer has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Stripe, Tencent and Visa.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
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 details for TrueLayer

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by TrueLayer

TrueLayer has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include In3 and Zimpler.

Investments
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Investment portfolio details for TrueLayer

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
App-based marketplace multi-category products on point of sale finance
Locked Locked 2018 Locked
Mobile payment solutions are provided for businesses via phone-linked verification.
Locked Locked 2012 Locked
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Complete acquisition details for TrueLayer

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - TrueLayer

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Detailed financials for TrueLayer

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  • Profit trends
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Truelayer Comparisons

TrueLayer Primary company
Description
Provider of open banking API solutions for payment instituti...
Location
London, United Kingdom
Founded Year
2016
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for TrueLayer

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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.

Company Name Domain Founded year HQ Location Description
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Payment and banking solutions are provided to users and banks.
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Tink is recognized as a leading European open banking platform.
Locked Locked Locked
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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Detailed competitors of TrueLayer

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Truelayer

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Complete news archive for TrueLayer

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about TrueLayer

TrueLayer was founded in 2016.

TrueLayer is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

TrueLayer is a funded company, having raised a total of $322.5M across 10 funding rounds to date.

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.

TrueLayer's top competitors include Zeta, Tink and Modulr Finance.

TrueLayer offers Payments, Payouts, Recurring Payments, Signup+, and Data Verification.

TrueLayer has made 2 acquisitions, including In3, and Zimpler.

TrueLayer has 21 investors. Key investors include Stripe, Tencent, Visa, Temasek, and Anthemis Group.

The valuation of TrueLayer is $1B as of Sep 2021.

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