TrueLayer acquired in3, a Dutch fintech specialising in consumer credit via bank payments, to bring Buy Now Pay Later to Pay by Bank. For the first time, consumers can pay instantly or over time directly from their bank account, while merchants get more ways to convert at checkout.

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I have some exciting news to share. We've acquired in3, the account-to-account Buy Now Pay Later company. And with it, we are expanding our capabilities to enable credit at checkout.

For the first time, consumers can choose to pay instantly or to pay over time directly from their bank account - all through the same Pay by Bank experience they already know.

In3 brings leading BNPL infrastructure to Truelayer. They already serve millions of consumers and thousands of merchants. The team spent years developing a fair, transparent credit model designed specifically for account-to-account payments.

For a long time, ecommerce has been limited to two options: pay with a card, or borrow from a bank, but still using a card network.

That means merchants pay high card fees, wait days for settlement, and absorb billions in chargeback fraud.

And consumers often pay more than they should, dealing with opaque fees and high interest rates.

Pay by Bank is maturing fast. It’s now available on major eCommerce platforms — finally bringing more competition to the payment space.

Today, we’re building on top of that success. This means more options for merchants and consumers in the UK and Europe.

The TrueLayer network already reaches more than 25 million consumers across 22 countries. We’re one of the largest of its kind in Europe. By tapping into this network, we have access to millions of data points to deliver fast, fair and precise credit decisions in real-time.

And because we are fundamentally a payments network, we are partnering with lenders and credit institutions to scale this impact fast. Collectively, the lenders already on our platform are financing several 100s of millions worth of purchases.

We have designed this product with merchants in mind, meaning more ways to convert at checkout, and fewer abandoned baskets.

It’s all backed by real-time financial data for more accurate credit decisions, without sacrificing any of the hard-earned relationships you’ve built with your customers.

And for those customers, it means pricing that is transparent and fair, as well as more flexibility and choice at checkout.

This is one of the most important steps we've taken since founding TrueLayer. A step closer to being a complete payments network.

So you’ll finally get the credit you deserve.

I’ll see you soon.