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 enhanced its variable recurring payments by allowing adjustments based on fund availability and introduced tools for instant user verification and optimized user experiences for mobile and browser payments.
- TrueLayer has enhanced its Payout API to offer instant payouts with improved fraud prevention through biometric security checks and real-time access to financial data.
- 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's SecOps team introduced a delegated alerts model to enhance response times and reduce mental overload.
- TrueLayer will participate in ICE Barcelona 2025 with their team available for meetings.
- 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 CEO, Management and Leadership Team
-
Chief Commercial Officer på TrueLayer
-
Chief of Staff to CEO
[email protected] -
Commercial Chief Of Staff (and Head of Commercial Operations)[email protected]
-
CFO[email protected]
⚔️ TrueLayer Alternatives and Competitors
- Bud |
- Yaspa |
- Here |
- Kontomatik |
- 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
- Rosheen Fischer has joined TrueLayer as Deputy General Counsel in the United Kingdom, previously holding a position at another company.
- 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.
- Stephanie Smith has left TrueLayer as a Compliance and Risk Associate to join PayPal as a Compliance Manager in the United Kingdom.
- Michael Steele has started a new position as Software Engineering Manager at TrueLayer.
- Francesco Simoneschi, CEO at TrueLayer, praised Mirta Rotondo for her exceptional communication and inspiring design products.
- 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.
- 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.
- 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, led by CEO Francesco Simoneschi, has seen its Pay by Bank transactions in the UK triple over the past three years, reaching 21 million in 2024, with over 9 million customers and a new customer joining every 3 seconds.
- 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.
People also viewed
- Brendon Burchard |
- PayJoy |
- Qualtrics |
- Ruffalo Noel Levitz |
- Panorama Education |
- EAB |
- ThoughtExchange
