TrueLayer | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
TrueLayer is Europe’s leading open banking payments network, providing a platform for smarter, faster, and safer online payments...
TrueLayer is Europe’s leading open banking payments network, providing a platform for smarter, faster, and safer online payments by combining real-time bank payments with financial and identity data. They cater to businesses of all sizes, enabling them to onboard users, accept payments, and make payouts at scale across the UK and Europe.
Website
Headquarters
London, London
Size
201-500 employees
Industry
Software Development
Specialities
Bank API, FinTech, Developer Tools, APIs, Bank Data, OpenBanking, Fintech, Open Finance, Banking, Payments, Payments API
🛍️ TrueLayer Product and Pricing News →
👔 TrueLayer CEO, Management and Leadership Team →
⚔️ TrueLayer Alternatives and Competitors →
💼 TrueLayer Hiring and Layoffs →
🤖 TrueLayer Developer, Integration and Automation News →
📈 TrueLayer Financials, Fundraising and Valuation News →
🛍️ TrueLayer Product and Pricing News
- TrueLayer has updated its Signup+ Service to allow users to identify themselves and make payments on a Merchant's website in one streamlined process, with verification involving account information sharing through either Payment Initiation Service (PIS) or Account Information Service (AIS).
- TrueLayer released a report revealing that nearly 70% of ecommerce merchants experienced card-related outages last year, with reducing costs as their top priority.
- TrueLayer released a report on November 7, 2024, analyzing the challenges and preferences of 300 large merchants and over 1,000 shoppers regarding Pay by bank.
- TrueLayer will join Stripe at the World Travel Market in London to discuss how Pay by bank can enhance conversion in the travel industry.
- TrueLayer released a new report titled 'Change at the checkout 2025'.
- TrueLayer is hosting an iGaming event in Malta on November 7 with networking and discussions on industry innovations.
- TrueLayer's new report reveals that 23% of shoppers have tried Pay by bank online, and 90% of merchants are planning or considering its adoption.
- Robert Kerrigan, Chief Operating Officer of TrueLayer, will give evidence to the Lords Financial Services Regulation Committee.
👔 TrueLayer CEO, Management and Leadership Team
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Chief Commercial Officer på TrueLayer
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Chief of Staff to CEO
[email protected] -
Commercial Chief Of Staff (and Head of Commercial Operations)[email protected]
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CFO[email protected]
⚔️ TrueLayer Alternatives and Competitors
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- Here |
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- Token |
- Tink |
- Belvo |
- Neonomics |
- finAPI |
- Finicity |
- Yapily |
- Galileo |
- Finastra |
- Banked |
- Bond Financial Technologies |
- Plaid |
- Wise |
- Kabbage |
- Affirm |
- Flex |
- Salt Edge |
- Stripe |
- Teller |
- Dwolla
💼 TrueLayer Hiring and Layoffs
- Michael Russell has joined TrueLayer as Director of Communications in Ireland, previously serving as Corporate & Policy Communications Lead, EMEA at Block.
- Leigh-anne Cotter is the vice-president of customer growth at TrueLayer.
- Leela Shanson, Head of Corporate Communications at TrueLayer, announced her departure from the company on September 20.
- Robert Cressey has joined TrueLayer as VP Brand and Design.
- Roberto Villani, VP of iGaming at TrueLayer, shared insights from the iGaming team's off-site in Malaga, emphasizing the importance of building trust, celebrating wins, and having fun.
- Jess Larsen, VP of People at TrueLayer, is seeking efficient variable reward tools that integrate with HiBob.
- ClearBank, which serves TrueLayer, appointed Valerie Romanovskaya as its new UK Chief Financial Officer.
- Vinay Muttineni has left TrueLayer as a Senior Product Manager to join Cleafy as a Lead Product Manager in the United Kingdom.
🤖 TrueLayer Developer, Integration and Automation News
- TrueLayer has launched account-to-account payments on Just Eat Takeaway.com, as announced by Jack Wilson, VP Policy & Research.
- On September 9, 2024, TrueLayer CEO Francesco Simoneschi warned about Europe's heavy reliance on US payment systems and announced partnerships for a 'pay by bank' solution to offer a more resilient alternative.
- TrueLayer integrated with flatfair Deposits to streamline tenancy deposits for over 700 letting agents and their customers.
- TrueLayer successfully migrated their self-hosted Kubernetes cluster to AWS EKS with zero downtime, led by Maisie Sadler and supported by Carlos Magno Rosa and Neil Chambers.
- CCH iFirm Validate uses TrueLayer's Open Banking platform to enable auditors to conduct bank confirmations and account verifications.
- Within a month of launching TrueLayer's Pay by bank on CopyBet’s platform, close to 1 in 3 users opted to use it, including 92% of new players, saving CopyBet up to 500% on operational costs.
- TrueLayer powered the 'Pay by bank' feature for Topps Tiles, allowing customers to complete payments through their mobile banking app.
- TrueLayer provides a secure connection for quick online approvals to BullionVault through easy bank transfers.
📈 TrueLayer Financials, Fundraising and Valuation News
- On October 3, 2024, Stripe, Inc. invested $50M in TrueLayer.
- TrueLayer reported a doubling of payment volume to £21bn in 2023, reaching an annualised £29bn from 120 million transactions, but despite revenue tripling to £12.43m, the company remains far from profitability.
- TrueLayer reported a pre-tax £55.6 million loss for 2023 but saw revenue increase by 200% and gross profit rise from £2.96 million to £7.78 million.
- TrueLayer, a payments platform backed by Stripe, is increasing its losses according to the latest accounts reports.
- TrueLayer's CFO Mo Mirza discussed the company's fundraising experience and growth journey with the All Party Parliamentary Group on Fintech.
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