TrueLayer
A payments network built for growth
- 201-500 employees
- Fintech
- B2B
- Banking
- SaaS
- API
- Clerkenwell, London, UK
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Company mission
Our vision is to create a financial system that works for everyone. We're opening up finance and changing the way the world pays. Empowering businesses in every industry to create first-class financial experiences for their customers.
Our take
Fintech innovation has been pushed further by the introduction of Open Banking standards. Financial institutions are now required to host APIs that allow sharing of your financial data, and you are in control of which third parties have access. It has never been easier for finance products to interact with each other. For example, you may be able to view your Halifax credit card transactions from your Monzo account.
The technologies and partnerships to build this financial layer are complex. TrueLayer saw this problem early, and started years before the standards were enforced.
TrueLayer has made the most out of the London fintech scheme with key partnerships (e.g. Monzo, Revolut) and is now expanding fast in Europe. Their role as the ‘connecting layer’ is incredibly defensible. As TrueLayer's partnerships continue to increase, the value of its platform becomes harder to replicate. Particularly as its offering now has a global reach.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 12 fully-paid wellbeing days a year (on top of the holiday allowance)
- Video therapy sessions through Spill, to support positive mental health
- Flexible hours and hybrid working — work from home and our incredible offices in London, Milan and Dublin
- 2 volunteer days, to support causes important to you
- £1,000 to spend on learning & development each year
- Flexible Bank holidays
- Private health insurance from the day you start
- £150 remote-working budget to help you set up your home office
Funding (last 2 of 8 rounds)
Oct 2024
$50m
SERIES E
Sep 2021
$130m
SERIES E
Total funding: $321m
This company has top investors
Leadership
Francesco Simoneschi
(CEO)Serial entrepreneur and previously sold a gaming analytics company
Luca Martinetti
(CTO)Worked before with Francesco on the business they sold (a good sign of their partnership)