TrueLayer Overview
- Year Founded
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2016
- Status
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Private
- Employees
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343
- Latest Deal Type
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Series E
- Latest Deal Amount
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$180M
- Investors
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26
TrueLayer General Information
Description
Developer of an open banking platform designed to connect with banks, neobanks and digital wallets. The company's platform helps companies to securely and efficiently access their customer's bank accounts to share financial data, make payments and validate their identity, enabling companies to initiate payments directly from the user's bank account and offer frictionless payments without interrupting the user experience.
Contact Information
Website
www.truelayer.comCorporate Office
- Part Ground Floor East, Floors 6 and 7
- The Gilbert, 40 Finsbury Square
- London EC2A 1PX
- England, United Kingdom
Corporate Office
- Part Ground Floor East, Floors 6 and 7
- The Gilbert, 40 Finsbury Square
- London EC2A 1PX
- England, United Kingdom
TrueLayer Timeline
TrueLayer Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series E) | 21-Sep-2021 | $180M | Completed | Generating Revenue | ||
| 5. Later Stage VC (Series D) | 08-Apr-2021 | Completed | Generating Revenue | |||
| 4. Later Stage VC (Series C) | 21-Sep-2020 | Completed | Generating Revenue | |||
| 3. Early Stage VC | 19-Jul-2018 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 22-May-2017 | $3.1M | $4.39M | Completed | Generating Revenue | |
| 1. Seed Round | 14-Feb-2017 | $1.29M | $1.29M | Completed | Generating Revenue |
TrueLayer Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| C Preference | ||||||||
| B Preference | ||||||||
| A Ordinary | ||||||||
| A Preference | 364,269 | $0.000001 | $8.34 | $8.34 | 1x | $8.34 | 11.83% | |
| Seed Preference | 296,135 | $0.000001 | $4.37 | $4.37 | 1x | $4.37 | 9.61% |
TrueLayer Comparisons
Industry
Financing
Details
TrueLayer Competitors (54)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Teller( Financial Software) | Venture Capital-Backed | San Francisco, CA | ||||
| Verrency | Venture Capital-Backed | Melbourne, Australia | ||||
| Self-Custody | Venture Capital-Backed | Zug, Switzerland | ||||
| Yapily | Venture Capital-Backed | London, United Kingdom | ||||
| Bnext | Venture Capital-Backed | Madrid, Spain |
TrueLayer Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
TrueLayer Executive Team (7)
| Name | Title | Board Seat |
|---|---|---|
| Francesco Simoneschi | Co-Founder, Chief Executive Officer & Board Member | |
| Mo Mirza | Chief Financial Officer | |
| Lisa Scott | Chief Strategy Officer | |
| Luca Martinetti | Co-Founder, Chief Technology Officer & Board Member | |
| Max Emilson | Chief Revenue Officer & Chief Commercial Officer |
TrueLayer Board Members (7)
| Name | Representing | Role | Since |
|---|---|---|---|
| Camilla Richardson | Self | Board Member & Advisor | |
| Francesco Simoneschi | TrueLayer | Co-Founder, Chief Executive Officer & Board Member | |
| Jeppe Zink | Northzone Ventures | Board Member | |
| Luca Martinetti | TrueLayer | Co-Founder, Chief Technology Officer & Board Member | |
| Pietro Bezza | Connect Ventures (UK) | Board Member |
TrueLayer Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
TrueLayer Investors (26)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Atom Expeditions | Venture Capital | Minority | ||
| Coinbase Ventures | Corporate Venture Capital | Minority | ||
| ENDRA Capital | Venture Capital | Minority | ||
| Stripe | VC-Backed Company | Minority | ||
| Tiger Global Management | Venture Capital | Minority |
TrueLayer Investments (3)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| CFX Labs | 15-Nov-2023 | Financial Software | |||
| Stitch (Financial Software) | 26-Jan-2022 | Financial Software | |||
| Cledara | 30-Nov-2020 | Seed Round | Business/Productivity Software |
TrueLayer FAQs
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When was TrueLayer founded?
TrueLayer was founded in 2016.
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Who is the founder of TrueLayer?
Francesco Simoneschi and Luca Martinetti are the founders of TrueLayer.
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Who is the CEO of TrueLayer?
Francesco Simoneschi is the CEO of TrueLayer.
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Where is TrueLayer headquartered?
TrueLayer is headquartered in London, United Kingdom.
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What is the size of TrueLayer?
TrueLayer has 343 total employees.
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What industry is TrueLayer in?
TrueLayer’s primary industry is Financial Software.
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Is TrueLayer a private or public company?
TrueLayer is a Private company.
-
What is the current valuation of TrueLayer?
The current valuation of TrueLayer is .
-
What is TrueLayer’s current revenue?
The current revenue for TrueLayer is .
-
How much funding has TrueLayer raised over time?
TrueLayer has raised $322M.
-
Who are TrueLayer’s investors?
Atom Expeditions, Coinbase Ventures, ENDRA Capital, Stripe, and Tiger Global Management are 5 of 26 investors who have invested in TrueLayer.
-
Who are TrueLayer’s competitors?
Teller( Financial Software), Verrency, Self-Custody, Yapily, and Bnext are some of the 54 competitors of TrueLayer.
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