TrueLayer is Europe’s leading Open Banking payments network. We power smarter, safer, and faster online payments by combining real-time bank payments with financial and identity data. Businesses big and small use our products to onboard new users, accept money and make payouts in seconds, and at scale.
2016
40 Finsbury Square, London EC2A 1AE, UK
UK, Italy, Ireland
Francesco Simoneschi & Luca Martinetti
TrueLayer has completed seven rounds of funding raising a total of USD 271 mln from investors including: Connect Ventures, Anthemis Group, Northzone, Tencent and Temasek, Addition, Tiger Global, and Stripe.
330
Open Finance Association, European Fintech Association, Electronic Money Association, UK Finance, Innovate Finance, Merchant Risk Council, British Retail Consortium
Open Banking product or service of the year, FStech Awards, 2022
Best Open Banking solution Europe, Fintech Futures, 2022
Most flexible finance and insurance companies, Flexa Industry Awards, 2022
Top 50 tech companies in London, Business Cloud, 2020
Best innovation in payments, FData award, 2019
hello@truelayer.com
The company`s core solutions We are an Open Banking payments network.
We give businesses and people the power to better manage, move, and make more of their money. We do this by simplifying every aspect of paying, shopping, investing, and saving. Whether that’s instantly initiating a single payment, enabling smarter account sweeping, or streamlining the whole process from signup to reconciliation.
We are the UK’s only Open Banking unicorn and an e-money institution. Our focus on innovation means we build products that go beyond basic Open Banking capabilities: Payouts, Verification, and Signup+. We lead the market, processing 30%+ of Open Banking payments and built the first sweeping and non-sweeping VRP API.
We enable connections to all bank APIs across Europe, regardless of the standards or protocols used (STET, Berlin Group, OBIE). Geographical coverage UK and Europe Connected banks Coverage extends over 5,000 institutions with 95% bank coverage across the UK and major European markets.
We support consumer, business, and corporate accounts. Coverage varies per country. Account coverage (%) across countries/regions TrueLayer covers more than 95% of bank accounts in major European markets. We cover 99% in the UK, 99% in Spain, 96% in Ireland, 95% in Germany, 98% in the Netherlands, and 95% in France. Our coverage is constantly growing across Europe.
Do you offer a developer portal? What tooling do you provide for developers? Do you provide sandboxes and a testing environment?"
We offer: • out-of-the-box, prebuilt user flows for web and mobile payments • low-code plugins for ecommerce checkouts • collections and libraries for testing our products • sandbox environments for the UK and EU Edit settings, get keys, view dashboards, customise UIs, and more in our developer Console. Read more in our documentation.
Our developer community is 35,000 strong, with around 2,000 actively building on our platform each month. Number of total end users 14M and growing.
Ecommerce, Financial Services, iGaming
Revolut, Zopa, Topps Tiles, Cazoo, Freetrade, Heytrade, BetCity, Credit Ladder, Coinbase, OakNorth Bank, Penfold, Trading 212, Casumo, Aspire Global
Cloud native
C#, Python, Golang, Rust.
Our EMI and CBI licenses cover AIS (Account information services) and PIS (Payment initiation services) across the UK and Europe.
Direct: customers can access our products via our APIs and integration tools. Partners: we partner with PSPs (Stripe, Nuvei) and with platforms (Magento, Shopify, WooCommerce) to maximise distribution. This enables easy and fast integration for merchants. For a full list of partners see our partner page.
We offer pricing based on transaction volumes. For more details, please contact our sales team. Revenue streams Primarily driven by usage-based transaction fees.
BetCity
Revolut
Cazoo
Freetrade
CreditLadder
Citizen Ticket