TrueLayer is a European Open Banking payments network. We power 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.
Website
https://truelayer.com/
Head office
London
Core solution
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.
Target market
Merchants (retail, travel, ticketing, food delivery, financial services, remittance, lending, wealth and asset management, trading, igaming), PSP, banks
Contact details
hello@truelayer.com
Geographical presence
The UK and Europe
Year founded
2016
Funding rounds and investors
TrueLayer has completed seven rounds of funding, raising a total of USD 271 million from investors including Connect Ventures, Anthemis Group, Northzone, Tencent and Temasek, Addition, Tiger Global, and Stripe.
Licence type
EMI (Electronic Money Institution)
Member of industry associations and/or initiatives
Open Finance Association, European Fintech Association, Electronic Money Association, UK Finance, Innovate Finance, Merchant Risk Council, British Retail Consortium, SEPA Payment Account Access scheme (SPAA)
Standards and certifications
AISP, PISP, TSP, ISO27001, SOC2, Cyber Essentials, Cyber Essentials Plus
Brand tagline
A payments network built for growth
How do you define your company's primary category or technology market?
Open Banking payments network
Online
Yes
POS/in-store
Hosted pages
White-label solution
Recurring payments
Payment methods supported
Yes (Open Banking payments)
Settlement currencies
Yes, GBP and EUR
Instant settlement
Tokenization
Pay-out/disbursements
Reconciliation and reporting
B2B payments
Consolidated data and reporting dashboard
Virtual IBAN
Client onboarding (KYC/KYB)
Main clients/references
Revolut, Zopa, Topps Tiles, Cazoo, Freetrade, Heytrade, BetCity, Credit Ladder, Coinbase, OakNorth Bank, Penfold, Trading 212, Casumo, Aspire Global, William Hill
Case studies
BetCity (https://truelayer.com/customers/customer-story-betcity/)
Revolut (https://truelayer.com/customers/revolut/)
Cazoo (https://truelayer.com/customers/cazoo/)
Freetrade (https://truelayer.com/customers/freetrade/)
Credit Ladder (https://truelayer.com/customers/creditladder/)
Citizen Ticket (https://truelayer.com/customers/citizen-ticket/)
Awards
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
Transaction value
USD 44 billion