TrueLayer - About the company
TrueLayer is a series E company based in London (United Kingdom), founded in 2016 by Francesco Simoneschi and Luca Martinetti. It operates as a Provider of open banking infrastructure for digital payments and verification. TrueLayer has raised $322M in funding from investors like Northzone, Temasek and Anthemis Group, with a current valuation of $750M. The company has 803 active competitors, including 173 funded and 75 that have exited. Its top competitors include companies like Razorpay, GoCardless and Mollie.
Sectors and market segments that TrueLayer operate in
TrueLayer serves in the FinTech market segments.The primary business model of TrueLayer are:Company Details
Open banking platform enabling secure bank-to-bank payments and payouts. It helps merchants reduce reliance on card networks by offering direct bank payment solutions, improving transaction success rates, lowering processing costs, and supporting seamless checkout and payout experiences across industries such as ecommerce, travel, gaming, and financial services.
- Website
- truelayer.com
- Social
- Email ID
- *****@truelayer.com
- Registered Address
- Part Ground Floor (East), Floors 6 And 7 The Gilbert, 40 Finsbury Square, London, United Kingdom, EC2A 1PX
Key Metrics
Founded Year
2016
Location
London, United Kingdom
Stage
Series E
Total Funding
$322M in 10 rounds
Latest Funding Round
Post Money Valuation
$750M as on Oct 07, 2024
Ranked
3rd among 803 active competitors
Annual Revenue
£10M - £50M as on Dec 31, 2024
Employee Count
290 as on Aug 31, 2026
Legal entities associated with TrueLayer
TrueLayer is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TRUELAYER GROUP HOLDINGS LIMITED CIN: 12500702 , United Kingdom, Active | Mar 04, 2020 | £10M - £50M (As on Dec 31, 2024) | 3 (As on Dec 31, 2024) | |
TrueLayer Limited CIN: 10278251 , United Kingdom, Active | Jul 13, 2016 | £10M - £50M (As on Dec 31, 2024) | 248 (As on Dec 31, 2024) |
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TrueLayer's funding and investors
TrueLayer has raised a total funding of $322M over 10 rounds. Its first funding round was on 2016. Its latest funding round was a Series E round on Feb 19, 2026 for an undisclosed amount. 1 investor participated in its latest round. TrueLayer has 20 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of TrueLayer:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 19, 2026 | Undisclosed | Series E | - | - | - | |
Oct 04, 2024 | $50M | Series E | $700M | 22.2x | ||
Sep 20, 2021 | $130M | Series E | $1B | 272.2x |
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TrueLayer's founders and board of directors
Founder? Claim ProfileThe founders of TrueLayer are Francesco Simoneschi and Luca Martinetti.
Here are the details of TrueLayer's key team members:
- Francesco Simoneschi: Co-Founder & CEO of TrueLayer and founder of 2 other companies, Mission and Market and Staq. They are also an angel investor in 6 startups and serve on the board of 1 company.
- Luca Martinetti: Co-Founder & CTO of TrueLayer. They are also an angel investor in 4 startups and serve on the board of 1 company.
TrueLayer's Board of Directors
TrueLayer's board has 2 active members. Francesco Simoneschi and Luca Martinetti are part of team.Here is the list of TrueLayer's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 2m | |
Team | - | Current | 10y 2m | |
Investor | Connect Ventures | Past | 4y 7m | |
Independent board member | - | Past | 3y 9m | |
Independent board member | - | Past | 1y 8m |
View details of TrueLayer's Founder profiles and Board Members
TrueLayer's employee count trend
TrueLayer has 290 employees as of Aug 26. Here is TrueLayer's employee count trend over the years:
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TrueLayer's Competitors and alternates
Top competitors of TrueLayer include Razorpay, GoCardless and Mollie. Here is the list of Top 10 competitors of TrueLayer, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd |  GoCardless 2011, London (United Kingdom), Acquired | Provider of automated bank payment collection and recurring billing services | $540M | 80/100 | |
3rd | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking infrastructure for digital payments and verification | $322M | 78/100 | |
4th |  Mollie 2004, Amsterdam (Netherlands), Series C | Provider of online and in-person payment processing solutions for businesses | $940M | 75/100 | |
5th |  Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for businesses and individuals | $266M | 74/100 | |
6th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
7th |  Recurly 2009, San Francisco (United States), Series C | Provider of subscription management and recurring billing automation platform | $39.2M | 72/100 | |
8th |  Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
9th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
10th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 71/100 |
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TrueLayer's Investments and acquisitions
TrueLayer has made 1 investment in Stitch and acquired In3 and Zimpler.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 29, 2026 | Acquisition | 2018 | Eindhoven (Netherlands) | |
Oct 21, 2025 | Acquisition | 2012 | Stockholm (Sweden) | |
Jan 26, 2022 | Investments | 2019 | Cape Town (South Africa) |
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Here is the latest report on TrueLayer's sector:
News related to TrueLayer
Filter this listMedia has covered TrueLayer for a total of 13 events in the last 1 year, 3 of them have been about company updates and 3 about partnerships.
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TrueLayer Launches 'Bank on File' to Challenge Card DominanceThe Fintech Times•Jun 08, 2026•TrueLayer
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TrueLayer acquires Dutch fintech In3 to expand into creditOpen Banking Expo•May 29, 2026•In3, TrueLayer, In3
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TrueLayer Appoints Stefano De Lollis as Head of Ecommerce to Accelerate European GrowthFintech Finance•Mar 27, 2026•TrueLayer
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eBay Partners With TrueLayer to Offer Pay by Bank at CheckoutFintech Finance•Feb 19, 2026•TrueLayer, eBay, eBay Ventures
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TrueLayer and Stripe expand Pay by Bank to Finland via Kustom CheckoutElectronic Payments International•Jan 22, 2026•TrueLayer, Stripe
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TrueLayer's COO Joins Board of UK Payments InitiativeCrowdfund Insider•Dec 16, 2025•TrueLayer, Mastercard
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TrueLayer Processes Over $1 Billion in Black Friday Weekend PaymentsFintech Finance•Dec 03, 2025•TrueLayer
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TrueLayer Achieves 20 Million Users as Pay by Bank Adoption Grows Across EuropeFintech Finance•Dec 02, 2025•TrueLayer
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TrueLayer to Acquire Zimpler, Creating a European Pay by Bank PowerhouseEuropa Press•Oct 21, 2025•TrueLayer, Zimpler, White & Case
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