# TrueLayer: Information technology & services, London, United Kingdom > TrueLayer: TrueLayer is a leading open banking payments network based in London, founded in 2016. Based in London, United Kingdom. Founded 2016. Source: https://millionrounds.com/startup/truelayer (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Information technology & services startup](https://millionrounds.com/companies) # TrueLayer TrueLayer is a leading open banking payments network based in London, founded in 2016. Funding reported Last round: Venture (Round not Specified) Information technology & services London, United Kingdom Company summary - **Founded:** 2016 10 years old - **Team:** 250 201 to 1,000 people - **Funding reported:** 321.4M as listed, currency not stated - **Last round:** Venture (Round not Specified) Feb 2026 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for TrueLayer has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About TrueLayer TrueLayer is a leading open banking payments network based in London, founded in 2016. As a regulated Electronic Money Institution under the UK's Financial Conduct Authority, it provides secure, real-time payment infrastructure, identity verification, and financial data access across the UK and Europe. TrueLayer connects developers, businesses, and financial institutions to major banks' API infrastructure, enabling access to customer account balances, transaction history, and identity data. The company offers a range of APIs and payment solutions, including an instant Payments API, a Data API for real-time financial insights, and identity verification services to streamline onboarding. TrueLayer also supports direct bank payments and is involved in developing Variable Recurring Payments for flexible payment automation. With a strong presence in the B2B FinTech market, TrueLayer serves numerous clients, including well-known financial services companies. The company operates in multiple countries and is backed by prominent investors, reflecting its significant role in the evolving financial landscape. ## What company datasets say TrueLayer raised Funding, as reported Reported in all **321.4M** in the source's currency Rounds **8** Last round **Venture (Round not Specified)** Last round date **Feb 2026** Investors listed **5** Valuation **$1.0B, Mar 2026** ## Funding filed with regulators TrueLayer filed 8 raises, $1.9B in all. Filings say how much was sold and to how many investors; they never name the investors. - Jun 2025 **$25M** UK share allotment - Oct 2024 **$405M** UK share allotment - Jul 2024 **$402M** UK share allotment - Apr 2024 **$257M** UK share allotment - May 2023 **$395M** UK share allotment - Apr 2023 **$389M** UK share allotment - Dec 2022 **Amount not stated** UK share allotment - Nov 2021 **$68M** UK share allotment ## On 8 portfolio pages Investors who name them - [Finch Capital](https://millionrounds.com/fund/finch-capital) - [Graph Ventures](https://millionrounds.com/fund/graph-ventures) - [Mouro Capital](https://millionrounds.com/fund/mouro-capital) - [Atom Expeditions](https://millionrounds.com/fund/atom-expeditions) - [Rialto Venture Capital](https://millionrounds.com/fund/rialto-venture-capital) - [CNI](https://millionrounds.com/fund/cni) - [Novirian Capital](https://millionrounds.com/fund/novirian-capital) - [Rerail](https://millionrounds.com/fund/rerail) Each firm lists TrueLayer on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for user data aggregation bank api open banking compliance mobile payments variable recurring payments user experience payment compliance digital payments single payment onboarding open banking consumers merchant account checkout optimization payment fraud prevention financial data apis enterprise api Built with from their website GitHub Actions Docker Wistia Amazon SES Google Tag Manager Google Sheets dbt HREF Lang AWS Trusted Advisor Atlassian +8 more PWA Tailwind CSS Font Awesome Google Workspace Bing Webmaster Tools CloudFlare Viewport Meta LinkedIn Ads - **Sector:** Information technology & services - **Industry code:** NAICS 522320, 541512, SIC 7375, 7374, 7389 - **Region:** England - **Revenue:** 22M a year, as listed ## Information technology & services in United Kingdom Startups like it - [**Wayve** London · founded 2017 *Raised*](https://millionrounds.com/company/wayve) - [**CuspAI** Cambridge · founded 2024 *Raised*](https://millionrounds.com/company/cuspai) - [**PhysicsX** London · founded 2019 *Raised*](https://millionrounds.com/company/physicsx) - [**Synthesia** London · founded 2017 *Raised*](https://millionrounds.com/company/synthesia) - [**Tessl** London · founded 2024 *Raised*](https://millionrounds.com/company/tessl) - [**Fractile** London · founded 2022 *Raised*](https://millionrounds.com/company/fractile) - [**Nothing** London · founded 2020 *Raised*](https://millionrounds.com/company/nothing) - [**Behavox** London · founded 2014 *Raised*](https://millionrounds.com/company/behavox) ## Is this your company? Add your raise, your deck and your story, and put TrueLayer in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)