TrueLayer builds an open-banking payments platform that lets merchants such as eBay, Amazon and Ryanair offer consumers instant, bank-to-bank checkout options instead of traditional card payments. Its API-driven service connects directly to banks to authenticate users and move funds in real time, aiming to reduce friction, fraud and fees for merchants. The company positions itself as a catalyst for a real-time payments ecosystem that better matches modern consumer expectations. In tandem with payments, TrueLayer’s technology suite supports data aggregation and verification services for other fintech use cases. For the fiscal year ending 2024, the firm generated £20.3 million in revenue, up from £12.4 million in 2023, while trimming its pre-tax loss to £38.6 million from the prior year’s £55.6 million. Management continues to focus on scaling merchant integrations and expanding geographic reach while moving toward profitability. The fresh strategic backing from eBay is expected to deepen commercial collaboration and accelerate product rollout at checkout.

Total raised

$322M

Funding rounds

9

Latest round

Series E

Latest activity

Jan 2024