When was TrueLayer founded?

TrueLayer was founded in 2016 and became a unicorn in 2021.

Where is TrueLayer located?

TrueLayer is headquartered in London, United Kingdom. It is registered at Part Ground Floor (East), Floors 6 And 7 The Gilbert, 40 Finsbury Square, London, United Kingdom, EC2A 1PX.

Who is the current CEO of TrueLayer?

Francesco Simoneschi of TrueLayer. They have also founded 1 company and are angel investors in 6 startups, including Mission and Market and Staq.

How many employees does TrueLayer have?

As of May 31, 2026, the latest employee count at TrueLayer is 283.

Is TrueLayer a funded company?

TrueLayer is a funded company, having raised a total of $322M across 10 funding rounds to date. The company's 1st funding round was a $1.3M Seed round, raised on 2016.

How much is TrueLayer worth?

The latest valuation of TrueLayer is $750M as of Oct 07, 2024.

When was the latest funding round of TrueLayer?

TrueLayer's latest funding was a Series E round on Feb 19, 2026, with participation from 1 investor.

What is the annual revenue of TrueLayer?

Annual revenue of TrueLayer is between £10M and £50M as on Dec 31, 2024

Is TrueLayer a Banking Tech company?

The primary sectors of TrueLayer are Banking Tech and Payments.

Where does TrueLayer rank among its competitors?

TrueLayer ranks 2nd amongst 134 active competitors, of which 45 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was TrueLayer, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of TrueLayer?

TrueLayer's top competitors include GoCardless, Mollie and Tink. Among them, TrueLayer secured the most recent funding round in February, 2026.

TrueLayer - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Series E, Feb 19, 2026, Undisclosed

Post Money Valuation

$750M as on Oct 07, 2024

Investors

Northzone & 26 more

Ranked

2^nd among 134 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2024

Employee Count

283 as on May 31, 2026

Investment & Acquisitions

In3 & 2 more

Similar Companies

Razorpay & 624 more

View TrueLayer's full profile

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)

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 19 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of TrueLayer:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 19, 2026	Undisclosed	Series E	-	-	-	eBay
Oct 04, 2024	$50M	Series E	$700M	22.2x	Northzone	Tiger Global Management, Tencent, Stripe, Temasek
Sep 20, 2021	$130M	Series E	$1B	272.2x	Northzone	Tiger Global Management, Stripe, Tencent, Temasek

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View details of TrueLayer's funding rounds and investors

The 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
Francesco Simoneschi	Team	-	Current	9y 10m
Luca Martinetti	Team	-	Current	9y 10m
Pietro Bezza	Investor	Connect Ventures	Past	4y 7m
Yann Ranchere	Independent board member	-	Past	3y 9m
Danying Ma	Independent board member	-	Past	1y 8m

View details of TrueLayer's Founder profiles and Board Members

TrueLayer's employee count trend

TrueLayer has 283 employees as of May 26. Here is TrueLayer's employee count trend over the years:

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Top competitors of TrueLayer include GoCardless, Mollie and Tink. Here is the list of Top 10 competitors of TrueLayer, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Google Ventures, National Grid Partners & 26 others	80/100
2nd	TrueLayer 2016, London (United Kingdom), Series E	Open banking platform enabling secure bank-to-bank payments and payouts	$322M	Temasek, Tiger Global Management & 25 others	78/100
3rd	Mollie 2004, Amsterdam (Netherlands), Series C	Provider of online and in-person payment processing solutions for businesses	$940M	TCV, Blackstone & 8 others	75/100
4th	Tink 2012, Stockholm (Sweden), Acquired	Provider of open banking platform offering payment services and data enrichment	$359M	Sunstone, Creades & 22 others	73/100
5th	Solaris 2016, Berlin (Germany), Acquired	Provider of banking-as-a-service platform offering digital banking and payment solutions	$736M	FinLeap, SBI Investment & 24 others	72/100
6th	Bud 2015, London (United Kingdom), Series B	Developer of open banking API and financial data analysis for businesses	$103M	Goldman Sachs, Banco Sabadell & 41 others	71/100
7th	Yapily 2017, London (United Kingdom), Series B	Provider of open banking platform facilitating payments and financial data access	$70.8M	Sapphire Ventures, Lakestar & 41 others	70/100
8th	Modulr 2016, London (United Kingdom), Series C	Provider of automated payment processing and financial infrastructure software tools	$200M	General Atlantic, PayPal & 23 others	68/100
9th	Griffin 2017, London (United Kingdom), Series A	Provider of banking infrastructure and embedded financial product software interfaces	$67.4M	MassMutual Ventures, Breega & 39 others	67/100
10th	Paddle 2012, London (United Kingdom), Series D	Provider of merchant of record services for digital product businesses	$293M	Notion, KKR & 24 others	67/100

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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	In3	2018	Eindhoven (Netherlands)
Oct 21, 2025	Acquisition	Zimpler	2012	Stockholm (Sweden)
Jan 26, 2022	Investments	Stitch	2019	Cape Town (South Africa)