TrueLayer

TrueLayer is a leading provider of financial APIs that will power a new era of financial innovation. It provides an interface between financial institutions and third-party applications over an API. By using TrueLayer, businesses save a significant amount of time and resources, which enables a much broader range of companies to develop products that take advantage of PSD2 and Open Banking. Businesses can easily verify identity and account ownership using existing customer data; view accounts, check balances, and access transaction history; query bank accounts and cards to build powerful applications; and mitigate fraud and enhance credit scoring modelling using detailed income and expenses data from users' bank account. For example, Zopa uses TrueLayer for faster income verification, Canopy to automatically update its customers’ rental information, Plum to connect its chatbot with Monzo and Starling Bank accounts, and Anorak to provide more accurate and timely insurance quotes. TrueLayer was founded in 2016 by serial entrepreneurs, Francesco Simoneschi and Luca Martinetti. They received $11.9M across multiple round of investments from top-tier VC firms operating in Financial Services and SaaS business, including Northzone, Anthemis Group and Connect Ventures.



Company Members



Articles Featuring TrueLayer

Freetrade preparing to take the plunge Down Under

12th February 2021 | Aisling Finn

Sync. picks Railsbank to help power its app

28th January 2021 | Aisling Finn

2020 in Fintech and Alternative Finance: Part 2

30th December 2020 | Oliver Smith

Open Banking: The firms battling to win in 2021

14th December 2020 | Oliver Smith

Under lockdown open banking payments surged 800%

25th August 2020 | Aisling Finn

Revolut launches Open Banking in Italy

4th August 2020 | Daniel Lanyon

Monzo tests open banking payment function

9th July 2020 | Daniel Lanyon

Truelayer launches Open Banking charity tool

15th May 2020 | Daniel Lanyon

TrueLayer and Stake announce API integration

11th March 2020 | Aisling Finn

2019 In Fintech And Alternative Finance: Part 1

23rd December 2019 | Oliver Smith

Open Banking – predictably unpredictable disruption?

19th August 2019 | Francesco Simoneschi

TrueLayer and Anna in Open Banking tie-up

24th April 2019 | Oliver Smith

TrueLayer expands Data API platform to Germany

8th January 2019 | George Geddes

Banked banks £1.5m in seed funding

19th November 2018 | Ryan Weeks

TrueLayer launches Data API

2nd November 2018 | George Geddes

TrueLayer and Zopa join forces for PSD2

9th February 2018 | Emily Nicolle

Fintech start-up TrueLayer closes $1.3m funding round

17th February 2017 | Lisa Walls-Hester