TrueLayerrevenue, valuation & funding
Payment Processing SoftwareLondon, England, United KingdomFounded 2016CEO Francesco Simoneschi
TrueLayer is a software company that provides open banking APIs for developers and businesses.
TrueLayer revenue
TrueLayer's annual revenue was $24.9M in October 2024 (info.truelayer.com), the most recent figure on record.
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Sep 2020 | $16.9M | – |
| Oct 2024 | $24.9M | info.truelayer.com |
– source not recorded
TrueLayer valuation
TrueLayer is privately held, so there is no TrueLayer stock to buy. Investors valued it at $700M in October 2024.
Valuation history$700M Valuation 2024$1B Series E 2021
TrueLayer funding rounds & investors
TrueLayer has raised $236.8M across six rounds since 2017. The latest was a $130M Series E in September 2021.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| Sep 2021 | Series E | $130M | $1B | pymnts.com |
| Apr 2021 | Series D | $70M | – | CNBC |
| Sep 2020 | Series C | $25M | – | truelayer.com |
| Jul 2018 | Series B | $7.5M | – | eu-startups.com |
| Jun 2017 | Series A | $3M | – | TechCrunch |
| Feb 2017 | Seed | $1.3M | – | finsmes.com |
| Total raised | $236.8M |
TrueLayer CEO, founders & employees
Francesco Simoneschi founded TrueLayer in 2016 and runs it as CEO. TrueLayer has 281 employees (November 2025, LinkedIn), down from 311 a year earlier.
- Francesco SimoneschiFounder & CEO
All 12 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 281 | |
| Dec 2024 | 311 | |
| Oct 2024 | 338 | |
| Dec 2023 | 392 | |
| Sep 2023 | 366 | – |
| Jul 2023 | 384 | – |
| 2023 | 392 | – |
| Dec 2022 | 388 | |
| 2022 | 432 | – |
| Dec 2021 | 380 | |
| Aug 2021 | 275 | – |
| Sep 2020 | 188 | – |
TrueLayer FAQ
What is TrueLayer's revenue?
TrueLayer's annual revenue was $24.9M in October 2024, according to info.truelayer.com. No later figure is on record.
What is TrueLayer's valuation?
Investors valued TrueLayer at $700M in October 2024.
How much funding has TrueLayer raised?
TrueLayer has raised $236.8M across six funding rounds. The latest was a $130M Series E in September 2021.
Is TrueLayer publicly traded?
No. TrueLayer is a private company, so its shares aren't traded on a stock exchange.
How many employees does TrueLayer have?
TrueLayer has 281 employees as of November 2025, according to LinkedIn.
Who is the CEO of TrueLayer?
Francesco Simoneschi is the CEO of TrueLayer and founded the company in 2016.
Who founded TrueLayer?
Francesco Simoneschi founded TrueLayer in 2016.
Browse Payment Processing Software
How this page is sourced
13 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun TrueLayer? Join the podcast