TrueLayers secures USD 70 mln in funding round

Thursday 8 April 2021 11:20 CET | News

TrueLayer, an Open Banking platform, has secured a USD 70 million Series D investment round led by new investor Addition.

The new funding will be used to fuel global expansion and accelerate the development of premium Open Banking-based services. It will also be used to expand TrueLayer’s engineering, product, and commercial teams to meet the demand for its Open Banking platform.

Over the past 12 months, TrueLayer has expanded its services across 12 European markets, growing payment volumes by 600x, and adding new customers across digital banking, ecommerce, trading and investment, wealth management, crypto and iGaming. 

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Keywords: TrueLayer, Open Banking, expansion, funding, digital banking, ecommerce, cryptocurrency
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United Kingdom
This article is part of category

Banking & Fintech