8 years ago

TrueLayer Secures $1.3 Million to Connect Fintech with Banking Data

  • TrueLayer, a UK-based platform for connecting app developers and fintech companies with banks and financial services institutions, has raised $1.3 million in seed funding

  • The round was led by Connect Ventures with participation from Graph Ventures, Tony Jamous, Eric Nadalin, and other angels with banking and enterprise software backgrounds

  • The funding will be used to continue developing the service, which is currently available in the UK with plans to expand to other European countries later this year

  • TrueLayer's API platform provides developers with tools to easily access bank data for building new financial services, such as payment apps, online lenders, robot advisors, and personal finance management tools

  • The company aims to provide a secure and compliant way to connect customer bank information and transactions while maintaining compliance with industry regulations.

      • ProblemTechnology Infrastructure

      "Building financial services apps is difficult and time-consuming because developers need to connect with each bank individually, making it hard to scale."

      Solution

      "TrueLayer provides a platform that lets developers easily connect to banks and financial institutions, making it easier to build financial services apps."

      Covered on