Rewiring global finance with open APIs
Our Series D fundraise will help us put finance at the fingertips of digital innovators everywhere.
Over the past decade, digital commerce has exploded. The global pandemic has accelerated this trend, with millions of businesses and consumers transacting online out of necessity. This shift is changing finance as we know it, yet digital payments and banking infrastructure haven’t changed for decades.Open banking has given us the opportunity to rewire global finance using modern APIs and open architecture – opening up access to financial data and creating new ways to pay and verify identity. Our mission at TrueLayer is to open up finance. We’re building an open banking network that brings together payments, data and identity to redefine how people spend, save and transact online. We’re doing this in a way that puts customers at the centre, enabling the creators, the doers and the builders in every industry to reimagine finance and improve the fabric of our society. Today we announced that we have raised $70 million in Series D funding to help us accelerate the roll-out of our flagship open banking network and solve deeper, more complex problems for our customers.This investment round was led by Addition and we welcome onboard Lee Fixel and his team. Several new investors such as Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf (ex-Uber, Google, Twitter) and David Avgi (ex-CEO SafeCharge, CEO UniPaaS) joined the round along with all our major existing investors.