.png)
.png)
Total amount raised
$322M
Latest funding date
2026-02-19
Location
TrueLayer has successfully raised funding through 9 rounds, with the latest being a Series E. The company is backed by 25 investors, including notable names like Mouro Capital and Tencent.
TrueLayer's platform offers a range of open banking solutions designed to modernize payment systems and reduce costs for merchants. Keep reading to explore the intricacies of TrueLayer's fundraising journey and the investors backing this innovative platform.
TrueLayer has raised funding across 10 rounds, backed by 26 investors including Northzone, Tiger Global Management, Addition, Temasek Holdings, and Tencent.
Keep reading to explore TrueLayer's full fundraising journey, from its earliest seed round to its most recent strategic investment led by eBay Ventures in February 2026.
What Is TrueLayer?
TrueLayer is a London-based open banking and payments platform founded in 2016 by Francesco Simoneschi and Luca Martinetti. The company enables businesses to accept real-time bank payments, access financial data, and verify user identities through a single API. TrueLayer is regulated by the FCA as an Electronic Money Institution and currently processes more than 40% of all open banking payments in the UK, with a strong presence across key EU markets. Its client base spans e-commerce, gaming, financial services, and crypto. Industries: Banking, Developer Tools, Financial Services, FinTech, Payments.
How Much Funding Has TrueLayer Raised?
TrueLayer has raised at least $321,800,000 in disclosed funding across 10 rounds, with the most recent being a strategic investment from eBay Ventures in February 2026 for an undisclosed amount.
- Seed (Angel) – December 2016
- Amount Raised: Undisclosed
- Date: December 2016
- Lead Investors: Connect Ventures
- Seed – February 2017
- Amount Raised: USD 1,300,000
- Date: February 2017
- Lead Investors: Connect Ventures
- Other Investors: Tony Jamous, Graph Ventures, Eric Nadalin
- Series A – June 2017
- Amount Raised: USD 3,000,000
- Date: June 2017
- Lead Investors: Anthemis Group
- Other Investors: Connect Ventures
- Series B – July 2018
- Amount Raised: USD 7,500,000
- Date: July 2018
- Lead Investors: Northzone
- Other Investors: Anthemis Group, Connect Ventures
- Series C – June 2019
- Amount Raised: USD 35,000,000
- Date: June 2019
- Lead Investors: Temasek Holdings, Tencent
- Other Investors: Northzone, Anthemis Group, Visa
- Series C Extension – September 2020
- Amount Raised: USD 25,000,000
- Date: September 2020
- Lead Investors: Undisclosed
- Other Investors: Tencent, Temasek Holdings, Northzone, Anthemis Group, Connect Ventures
- Series D – April 2021
- Amount Raised: USD 70,000,000
- Date: April 8, 2021
- Lead Investors: Addition
- Other Investors: Anthemis Group, Connect Ventures, Mouro Capital, Northzone, Temasek Holdings, Visionaries Club
- Series E – September 2021
- Amount Raised: USD 130,000,000
- Date: September 21, 2021
- Lead Investors: Tiger Global Management
- Other Investors: Stripe, Tencent, Temasek Holdings, Northzone
- Post-Money Valuation: ~$1 billion (unicorn status)
- Series E Extension – October 2024
- Amount Raised: USD 50,000,000
- Date: October 4, 2024
- Lead Investors: Northzone
- Other Investors: Tiger Global Management, Tencent, Stripe, Temasek Holdings
- Post-Money Valuation: ~$700 million
- Strategic Investment – February 2026
- Amount Raised: Undisclosed
- Date: February 19, 2026
- Lead Investors: eBay Ventures
Total Amount Raised: At least USD 321,800,000 based on disclosed funding (February 2026 round amount undisclosed).
Key Investors
- Northzone
- Details: Northzone is a multi-stage venture capital fund based in Europe, operating since 1996. It focuses on technology companies across consumer internet, SaaS, e-commerce, marketplaces, and fintech. Notable portfolio companies include Spotify, Klarna, and Trustpilot. Northzone led TrueLayer's Series B (2018) and Series E Extension (2024).
- Tiger Global Management
- Details: Tiger Global Management is a New York-based investment firm focused on global internet, software, consumer, and fintech companies. Notable investments include Facebook, LinkedIn, and Stripe. Tiger Global led TrueLayer's Series E round in September 2021.
- Addition
- Details: Addition is a technology and fintech-focused venture capital firm founded by Lee Fixel, former partner at Tiger Global. Addition led TrueLayer's Series D in April 2021.
- Temasek Holdings
- Details: Temasek Holdings is a Singapore-based global investment company with a diversified portfolio spanning financial services, technology, and life sciences. Temasek co-led TrueLayer's Series C (2019) and has participated in subsequent rounds.
- Tencent
- Details: Tencent is a Chinese multinational technology and investment conglomerate. It co-led TrueLayer's Series C in 2019 and has been a participant in subsequent rounds.
- eBay Ventures
- Details: eBay Ventures is the corporate venture arm of eBay. It made a strategic investment in TrueLayer in February 2026 as part of a partnership to bring TrueLayer's Pay by Bank solution to UK buyers at eBay checkout. The investment amount was not publicly disclosed.
What's Next for TrueLayer?
TrueLayer is focused on expanding its open banking payments network and deepening its market presence across the UK and Europe. With the eBay Ventures strategic investment in February 2026, TrueLayer is bringing its Pay by Bank solution to eBay's UK checkout, marking a major step in mainstream open banking adoption. After achieving 63% revenue growth in 2024 and charting a path to profitability, the company is positioned to capitalise on increasing regulatory support for open banking in the UK and EU. Expanding Variable Recurring Payments (VRP) capabilities and growing enterprise partnerships remain key priorities.
Use Clay to Get Funding Data
Sales professionals, use Clay to access comprehensive, up-to-date funding data on companies like TrueLayer — including round types, amounts, investors, and dates. Sign up for free and start building smarter, data-driven outreach today.
