What is TrueLayer?
Headquartered in London, TrueLayer operates a leading open banking payments platform that serves as a vital bridge between traditional banking infrastructure and modern digital-first businesses. The organization specializes in enabling secure financial data sharing, payment initiation, and user identity verification. By eliminating the need for traditional intermediaries, TrueLayer provides a seamless, efficient, and secure environment for businesses to integrate directly with banking systems. Its technology is instrumental for companies seeking to enhance user experience, automate financial workflows, and achieve greater operational agility in an increasingly digital economy.
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 Connect Ventures and Anthemis
Series B (2018): $7.5M supported by Anthemis Group and Northzone
Other Financing Round (2019): $35M featuring Temasek, Anthemis, Northzone, and Tencent
Series C (2020): $25M backed by Connect Ventures, Northzone, Anthemis Group SA, and Temasek
Series D (2021): $70M with participation from Connect Ventures, Northzone, Surojit Chatterjee, David Avgi, Temasek, Daniel Graf, Visionaries Club, Zack Kanter, Mouro Capital, Anthemis Group, and Addition
Series E (2024): $180M led by Tiger Global Management and Stripe
Key Investors in TrueLayer
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
Northzone
Northzone is a multi-stage venture capital fund built on experience spanning multiple economic and disruptive technology cycles, with a strong track record of backing category-defining businesses.
Anthemis
Founded in 2010 and headquartered in London, UK, Anthemis cultivates change in financial services by investing in, growing, and sustaining businesses.
What's next for TrueLayer?
With the successful completion of its latest financing round, TrueLayer is well-positioned to accelerate its expansion and deepen its technological capabilities. The company is expected to focus on scaling its payment infrastructure across new markets while further refining its suite of financial data aggregation and verification tools. As the open banking landscape matures, TrueLayer's strategic focus will likely remain on maintaining its competitive edge through innovation, fostering deeper partnerships with global financial institutions, and supporting the growing demand for high-performance, developer-friendly financial APIs. This capital provides the necessary runway to solidify its leadership in the fintech sector and drive the next phase of its enterprise-level growth.
See full TrueLayer company page
