TrueLayer is Europe's leading open banking payments network. The company was founded in 2016 and became a unicorn in 2021. TrueLayer's most recent deal was a Merger/Acquisition with In3, made on May 29, 2026.
Cyborg Score Rationale
TrueLayer has raised $322M in funding from investors like Northzone, Temasek and Anthemis Group, with a current valuation of $750M. As of February 28, 2026, the latest employee count at TrueLayer is 278. The company demonstrates strong market position with significant institutional backing and active M&A engagement.
Top Insights
Series E funding round completed in February 2026 demonstrating continued investor confidence in European open banking sector
Processes over $50 billion in total payments volume and 150 million transactions annually, surpassing 1 million variable recurring payment transactions per month
eBay became an investor in the Series E round in February 2026, signaling strategic validation from major e-commerce and payments players
Ranks 3rd amongst 135 active competitors, standing 6th in terms of total funding among its competitors
Named Competitors
Plaid — Open banking API platform for financial connections
GoCardless — Recurring payment and bank debit platform
Tink — Open banking platform for payments and data
Token.io — Open banking network and connectivity layer
Mollie — Payment processing and open banking platform
Recent Developments
(May 2026) Merger/Acquisition with In3 completed
(February 2026) Series E funding round closed with undisclosed amount; eBay Ventures joined as new investor
(2025) Continued 200%+ revenue growth trajectory and geographic expansion of Pay by Bank offerings
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