TrueLayerrevenue, valuation & funding
Financial Services 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.
| 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 its October 2024 Valuation.
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 SimoneschiCo-founder & 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
How much money does TrueLayer make?
The most recent figure is $24.9M in annual revenue, from October 2024.
How much is TrueLayer worth?
Companies don't publish a net worth. The closest figure is TrueLayer's valuation: $700M, set in Oct 2024.
Who owns TrueLayer?
TrueLayer is privately held by its founders, employees and investors.
Is TrueLayer publicly traded?
No. TrueLayer is a private company, so its shares are not listed on a stock exchange.
How much funding has TrueLayer raised?
$236.8M across 6 rounds; the latest was a $130M Series E in September 2021.
Who is the CEO of TrueLayer?
Francesco Simoneschi, a co-founder.
Who founded TrueLayer?
Francesco Simoneschi, in 2016.
How many employees does TrueLayer have?
About 281 as of November 2025 (LinkedIn).
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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 Nov 28, 2025Data disclaimerReport a correctionClaim this profileRun TrueLayer? Join the podcast