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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
In 2024, TrueLayer's revenue reached $24.9M. The company previously reported $16.9M in 2020. Since its launch in 2016, TrueLayer has shown consistent revenue growth.
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 | - |
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We do not have customer count information for TrueLayer yet.
TrueLayer employs approximately 281 people as of 2026, down from 311 in 2024.
TrueLayer generates $24.9M in revenue.
TrueLayer was founded by Francesco Simoneschi.
The CEO of TrueLayer is Francesco Simoneschi.
TrueLayer raised $236.8M across 6 rounds.
TrueLayer has 281 employees.
TrueLayer is headquartered in London, England, United Kingdom.
TrueLayer operates across multiple industries. Browse revenue, funding, and growth data for TrueLayer in each sector below.
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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Valuation
$700M
2024 Revenue
$24.9M
Funding
$236.8M
Team · 2025
281
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | TrueLayer Hit $24.9m revenue in October 2024 | info.truelayer.com |
| 2020 | TrueLayer Hit $16.9m revenue in September 2020 | |
| 2016 | Launched with $0 revenue |
| 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 Round | $1.3M | - | - | finsmes.com |
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 281 employees (November 2025) | |
| 2024 | Reached 311 employees (December 2024) | |
| 2024 | Reached 338 employees (October 2024) | |
| 2023 | Reached 392 employees (December 2023) | |
| 2023 | Reached 366 employees (September 2023) | |
| 2023 | Reached 384 employees (July 2023) | |
| 2023 | Reached 392 employees (January 2023) | |
| 2022 | Reached 388 employees (December 2022) | |
| 2022 | Reached 432 employees (January 2022) | |
| 2021 | Reached 380 employees (December 2021) | |
| 2021 | Reached 275 employees (August 2021) | |
| 2020 | Reached 188 employees (September 2020) |
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