TrueLayer Limited

Founded in 2016 and based in London, UK, TrueLayer Limited develops a platform-as-a-service that builds applications using data API for banking information retrieval and payments API for business transactions. The company was founded by CEO Francesco Simoneschi and CTO Luca Martinetti. In September 2021, TrueLayer Limited raised USD 130 million in a venture funding round led by new investor Tiger Global Management, with participation from another new investor Stripe, Inc. In October 2024, TrueLayer Limited raised USD 50 million in Series E funding from Northzone, with participation from Stripe, Inc.

, Temasek Holdings, Tencent Investment, and Tiger Global Management. TrueLayer provides a fintech platform for enterprises to build financial apps that connect to bank data, verify accounts, and access transactions in real time. The company’s toolkits can be used to develop consumer and server message block applications in the areas of payments, online lending, personal financial management, robot advisors, insurance, investment services, p2p marketplaces, and cryptocurrencies. The company generates revenue by providing its services in three packages: develop, scale, and enterprise.

The develop package is a free service with minimal features having only a sandbox environment and developer support available to its customer and the scale package has more advanced features with a per-transaction fee pricing model. The enterprise package is a premium service that contains all the features for a custom price. TrueLayer plans to accelerate its global expansion, development of premium open banking-based services, and expand its engineering, product, and commercial teams.