Valuation
$700M
2024 Revenue
$24.9M
Funding
$236.8M
Team · 2025
281
Founded
2016
TrueLayer Revenue, Valuation & Funding (2024)
TrueLayer generated $24.9M in revenue in 2024. Source: info.truelayer.com
TrueLayer is a software company that provides open banking APIs for developers and businesses. Their platform enables businesses to access and use financial data from their customers' bank accounts, allowing them to build innovative financial products and services. TrueLayer's APIs provide secure access to banking data, allowing developers to build applications such as payment services, personal finance management tools, and investment platforms. The company was founded in 2016 and is based in London, United Kingdom.
Last updated
TrueLayer Revenue
In 2024, TrueLayer's revenue reached $24.9M. The company previously reported $16.9M in 2020.
| Year | Milestone | Source |
|---|---|---|
| 2024 | TrueLayer Hit $24.9m revenue in October 2024 | info.truelayer.com |
| 2020 | TrueLayer Hit $16.9m revenue in September 2020 | Not recorded |
| 2016 | Launched with $0 revenue |
TrueLayer Valuation, Funding Rounds
TrueLayer reached a $700M valuation in 2024, set during its None round.
TrueLayer has raised $236.8M in total funding across 6 rounds, most recently a $130M Series E round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2024 | None | - | $700M | - | Not recorded |
| 2021 | Series E | $130M | $1B | 13% | pymnts.com |
| 2021 | Series D | $70M | - | - | cnbc.com |
| 2020 | Series C | $25M | - | - | truelayer.com |
| 2018 | Series B | $7.5M | - | - | eu-startups.com |
| 2017 | Series A | $3M | - | - | techcrunch.com |
| 2017 | Seed | $1.3M | - | - | finsmes.com |
Founder / CEO
Customers
We do not have customer count information for TrueLayer yet.
TrueLayer Employees & Team Size
TrueLayer employs approximately 281 people as of 2026, down from 311 in 2024.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 281 employees (November 2025) | Not recorded |
| 2024 | Reached 311 employees (December 2024) | Not recorded |
| 2024 | Reached 338 employees (October 2024) | Not recorded |
| 2023 | Reached 392 employees (December 2023) | Not recorded |
| 2023 | Reached 366 employees (September 2023) | Not recorded |
| 2023 | Reached 384 employees (July 2023) | Not recorded |
| 2023 | Reached 392 employees (January 2023) | Not recorded |
| 2022 | Reached 388 employees (December 2022) | Not recorded |
| 2022 | Reached 432 employees (January 2022) | Not recorded |
| 2021 | Reached 380 employees (December 2021) | Not recorded |
| 2021 | Reached 275 employees (August 2021) | Not recorded |
| 2020 | Reached 188 employees (September 2020) | Not recorded |
Frequently Asked Questions about TrueLayer
What is TrueLayer's revenue?
As of 2024, TrueLayer generated $24.9M in revenue.
Who founded TrueLayer?
TrueLayer was founded by Francesco Simoneschi.
Who is the CEO of TrueLayer?
The CEO of TrueLayer is Francesco Simoneschi.
How much funding does TrueLayer have?
TrueLayer raised $236.8M across 6 rounds.
How many employees does TrueLayer have?
As of 2025, TrueLayer had 281 employees.
Where is TrueLayer headquartered?
TrueLayer is headquartered in London, England, United Kingdom.
Compare TrueLayer to the industry
TrueLayer operates across multiple industries. Browse revenue, funding, and growth data for TrueLayer in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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