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Founded Year

2016

Stage

Series E | Alive

Total Raised

$271.8M

Valuation

$0000 

Last Raised

$130M | 1 yr ago

Revenue

$0000 

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About TrueLayer

TrueLayer offers developers an easy way to access the bank data they need to build financial apps and services, helping startups and banks alike to drive products in financial services. TrueLayer supports account verification, KYC processes, and transactional data for account aggregation, credit scoring, and risk assessment.

TrueLayer Headquarters Location

1 Hardwick St

London, England, EC1R 4RB,

United Kingdom

ESPs containing TrueLayer

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Digital Lending Tech

These companies offer solutions that verify identities to help banks, payment providers, and fintechs comply with know your customer (KYC), anti-money laundering (AML), and counter-terrorist financing (CTF) regulations. Solutions include customer onboarding, continuous transaction monitoring, and fraud detection.

TrueLayer named as Leader among 11 other companies, including Onfido, Jumio, and Veriff.

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TrueLayer's Products & Differentiation

See TrueLayer's products and how their products differentiate from alternatives and competitors

  • Data API

    Connect an app to any bank account: delivering real-time access to account, balance, transaction, and identity data using open banking AIS.

    Differentiation

    Coverage: 99% for UK, 95%+ for all major European markets. 

    API-based: no screen scraping, just secure, reliable, permissioned access to financial data. 

    Unified view of finances for end customers to manage all of their accounts - retail, business, checking savings and credit cards - from a single view. 

    A single, best-in-class platform to access banking data: we meticulously maintain our APIs so you can focus your efforts on building market-defining products. 

    Fetch real-time data in sync, async, single and batch calls. 

    Ready-made, customisable UX: our authentication flow has been tried and tested by hundreds of thousands of customers. Simply embed ours, or build your own. 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing TrueLayer

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TrueLayer is included in 7 Expert Collections, including Banking.

B

Banking

1,324 items

U

Unicorns- Billion Dollar Startups

1,190 items

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

D

Digital Lending

1,799 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech 250

750 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

D

Digital ID In Fintech

268 items

For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.

Latest TrueLayer News

European fintechs join forces to make open finance a reality

Sep 27, 2022

27th September 2022 A number of fintechs have joined forces to develop and promote an open finance ecosystem in both the UK and EU underpinned by Application Programming Interfaces (APIs). The OFA intends to develop an open finance ecosystem The Open Finance Association (OFA), which counts Plaid, GoCardless and TrueLayer among its members, wants to usher in an era of open finance in much the same way the EU’s 2016 Payment Services Directive (PSD2) did for open banking. As the next step in open banking, the non-profit trade association hopes open finance will give businesses and consumers “greater control and visibility of their economic lives”. Operating out of Brussels and London, the OFA has three key objectives: enable consumers and businesses to access and use their financial data via third-party providers; develop an instant payment method based on open payments; and promote a “well-functioning” open finance ecosystem. The OFA has appointed Nilixa Devlukia as chair of the organisation. She has previously held senior roles at the UK’s Financial Conduct Authority (FCA) and the European Banking Authority. Devlukia says industry, policy makers and regulators must come together to “make open finance a reality”. Devlukia adds: “Through the promotion of an API-focused agenda in both payments and data, OFA aims to promote a healthy and sustainable fintech ecosystem, in which consumers and businesses all benefit from improved, innovative services.” The need for collective efforts to make open finance a reality come as governments, regulators and industry in the UK and EU have begun to think about how such an ecosystem would work. The European Commission has recently completed a public consultation on open finance with a legislative initiative hopefully to follow in 2023. In the UK, open finance has been on the table since the FCA’s Call for Input in 2019 and a new ‘Smart Data’ bill introduced in July that could allow sector authorities to create a new open finance framework. The OFA’s current members are Armalytix, Crezco, finAPI, GoCardless, Nuapay, Ordo, Plaid, Token, TrueLayer, Volt, Worldline, Worldpay and Yapily.

TrueLayer Web Traffic

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Page Views per Million (PVPM)
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TrueLayer Rank

  • When was TrueLayer founded?

    TrueLayer was founded in 2016.

  • Where is TrueLayer's headquarters?

    TrueLayer's headquarters is located at 1 Hardwick St, London.

  • What is TrueLayer's latest funding round?

    TrueLayer's latest funding round is Series E.

  • How much did TrueLayer raise?

    TrueLayer raised a total of $271.8M.

  • Who are the investors of TrueLayer?

    Investors of TrueLayer include Tiger Global Management, Stripe, Connect Ventures, Anthemis, Northzone and 14 more.

  • Who are TrueLayer's competitors?

    Competitors of TrueLayer include Yapily, OpenFin, Bud, Token, Credit Kudos, Banked, Cross River Bank, GoCardless, Plaid, Tink and 18 more.

  • What products does TrueLayer offer?

    TrueLayer's products include Data API and 3 more.

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