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London fintech TrueLayer secures $27M led by CDP Venture Capital as it expands in Milan. The funding aims to enhance payment rails outside US card networks.
TrueLayer has raised $27 million in a round led by Italy’s CDP Venture Capital. The round includes a consortium of existing and new investors. TrueLayer aims to push payment infrastructure using European open banking. More than 30 million consumers use its Pay by Bank network across 22 countries.
Company Information
Company
TrueLayer
Location
40 Finsbury Square
London, England, United Kingdom
About
TrueLayer is an open banking payments network focused on expanding into new markets, driving consumer engagement, and accelerating the adoption of innovative open banking solutions.
Fundz sees it the moment TrueLayer raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.