What is TrueLayer?
Founded in London, England, in 2016, TrueLayer operates as a sophisticated platform providing essential access to financial data and facilitating instant payments. The company has established itself as a key player in the fintech landscape, offering a robust API-driven infrastructure that empowers businesses to connect with financial institutions and streamline payment processes. TrueLayer's technology is pivotal for companies seeking to leverage open banking for enhanced customer experiences and operational efficiencies.
How much funding has TrueLayer raised?
TrueLayer has raised a total of $321.8M across 7 funding rounds:
Angel/Seed
$1.3M
Series A
$3M
Series B
$7.5M
Other Financing Round
$35M
Series C
$25M
Series D
$70M
Series E
$180M
Angel/Seed (2017): $1.3M with participation from Connect Ventures
Series A (2017): $3M led by Anthemis and Connect Ventures
Series B (2018): $7.5M supported by Anthemis Group and Northzone
Other Financing Round (2019): $35M featuring Tencent, Temasek, Anthemis, and Northzone
Series C (2020): $25M backed by Connect Ventures, Northzone, Anthemis Group SA, and Temasek
Series D (2021): $70M with participation from Surojit Chatterjee, Mouro Capital, David Avgi, Temasek, Zack Kanter, Connect Ventures, Anthemis Group, Addition, Daniel Graf, Visionaries Club, and Northzone
Series E (2024): $180M led by Tiger Global Management and Stripe
Key Investors in TrueLayer
Temasek
Temasek is a global investment company headquartered in Singapore, known for its generational investment approach and focus on making a difference with tomorrow in mind.
Connect Ventures
Connect Ventures is a venture firm based in London that focuses on investing in pre-seed and seed stage product companies, providing support and capital to exceptional founders driving innovative change.
Northzone
Northzone is a multi-stage venture capital fund with a team spread across New York, London, and Stockholm, investing in over 150 companies including category-defining businesses.
What's next for TrueLayer?
With its substantial funding rounds, TrueLayer is strategically positioned for accelerated growth and innovation. The recent major strategic investment suggests a focus on expanding its market share, potentially through new product development, strategic partnerships, or further international expansion. The company's trajectory indicates a move towards solidifying its role as a leader in the global financial technology ecosystem, driving the adoption of open banking and real-time payment solutions.
See full TrueLayer company page
