Hale has left RAB to join UK open banking specialist TrueLayer, which launched officially in Australia in September.
Many new data-driven fintechs are drawing significant attention from venture capitalists even if they are invisible to consumers.
The consumer data right (CDR) that could allow those accredited under open banking to create brand new digital offerings.
“We are, I think, at the very beginning, but this is a really meaningful start,” he says, pointing to the changing attitudes towards open banking that the payme
TrueLayer will enable account-to-account payments, allowing merchants to receive payments without paying hefty bank fees for accepting cards.
Francesco Simoneschi is the CEO of the UK’s latest unicorn, TrueLayer. The startup boss believes the open banking revolution is just getting started.
The raise reflects TrueLayer’s position as the market leader in open banking payments, and the scale of its ambition to introduce a new global payment network.
TrueLayer, an open banking startup that works with Revolut, Cazoo and Nutmeg, is now valued at more than $1bn after closing a $130m funding round.
Big Tech has joined the fray in recent years and smaller startups are set to follow. The market is only set to grow more crowded.
Luca Martinetti is the CTO at TrueLayer, a fintech dev platform designed to power the open banking revolution.