TrueLayer - an Open Banking API platform

From EverybodyWiki Bios & Wiki

TrueLayer is a London-based technology company[1], founded[2] in 2016 by founder and CEO Francesco Simoneschi, and co-founder and CTO Luca Martinetti. The company is focused in developing Open Banking APIs (B2B2C) that startups and large companies partner with to operate within the Open Banking regulation. TrueLayer is headquartered in London, with operations in England, Ireland, Scotland, across Europe[3] and Australia[4][5]. The company is lead by Francesco, Luca and the COO and CCO Shefali Roy, and it is currently sized between 70-150 employees. The startup has raised in total US$46,8 million in 4 rounds (Series C) and it is classified as a Late Stage Venture.[6].

Products offered[edit]

The company’s API platform currently offers a Data API (AIS) and a Payments API (PIS)[7][8]

Investors and Funding[edit]

The company has raised US$46.8 million.[9]

Seed: In 2017, US$1.3 million led by Connect Ventures.

Series A: In 2017, US$3 million led by Anthemis Group.[10]

Series B: In 2018, US$7.5 million led by Northzone.

Series C: In 2019, US$35 million led by Tencent Holdings and Temasek[11][12].

Regulatory Compliance and Licenses[edit]

In 2017 TrueLayer[13] became one of the first UK companies to be authorised and registered[14] as a payment institution by the Financial Conduct Authority (FCA) to provide account information (AIS) and payment initiation services (PIS) under Open Banking and PSD2 directory.[15]

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  1. "TrueLayer Company Profile". Bloomberg. Unknown parameter |url-status= ignored (help)
  2. "TrueLayer". The Fintech 50. Unknown parameter |url-status= ignored (help)
  3. "TrueLayer expands across Europe". TechCrunch. Unknown parameter |url-status= ignored (help)
  4. "TrueLayer opens Australia office". Finextra. Unknown parameter |url-status= ignored (help)
  5. "TrueLayer launches hub in APAC and Australia". The Paypers. Unknown parameter |url-status= ignored (help)
  6. "TrueLayer's funding rounds". Crunchbase. Unknown parameter |url-status= ignored (help)
  7. "TrueLayer launches Payments API for Open Banking". TechCrunch. Unknown parameter |url-status= ignored (help)
  8. "TrueLayer". TrueLayer. Unknown parameter |url-status= ignored (help)
  9. "TrueLayer, the open banking API provider, discloses investment and partnership with Visa". TechCrunch. Unknown parameter |url-status= ignored (help)
  10. "TrueLayer Series A round". TechCrunch. Unknown parameter |url-status= ignored (help)
  11. "Temasek Eyes Open Banking Startup". Finews Asia. Unknown parameter |url-status= ignored (help)
  12. "TrueLayer scores 35 million on Series C". Tech.Eu. Unknown parameter |url-status= ignored (help)
  13. "Startup of the month". IBS Intelligence. Unknown parameter |url-status= ignored (help)
  14. "FCA Register TrueLayer". Financial Conduct Authority. Unknown parameter |url-status= ignored (help)
  15. "Open Banking Org. Regulated Providers". Open Banking Org. Unknown parameter |url-status= ignored (help)