Details of the startup: Valuation: $1. 1/5 stars with 27 reviews. If you have any questions please create a ticket on our Help Centre and we will be in touch as soon as possible. Learn more. Plaid is funded by 21 investors. European payments are about to get a lot faster. 01B in funding across 202 funding rounds involving 702 investors. Search Engine Optimization (SEO). Please reach out to our Sales team by completing the relevant form: For Payments. from=2019-01-07T10:00:00. TrueLayer has become the first European open banking payment option listed on Stripe’s Payment Element, an embeddable UI component for checkout pages used by thousands of merchants around the. Truelayer. If a payment does not settle into a TrueLayer merchant account, the payment_source object does not include the id field. It received $130 million in funds with a $1 billion valuation as open banking becomes a more viable payment solution compared to traditional card networks. Accept and send instant bank payments in any app or website. Open banking provider TrueLayer has secured a partnership to enable open banking payments in Europe for Airwallex, the global SME payments and financial infrastructure service. TrueLayer, Europe’s leading open banking platform, today announced it has secured a $70m Series D investment round led by new investor Addition. For Variable recurring payments. Streamline onboarding with a single payment. TrueLayer is a software company that provides open banking APIs for developers and businesses. 06-Apr-2017. settled. in funding over 6 rounds. It helps startups and banks to drive products in financial services and supports account. 12 fully-paid wellbeing days a year (on top of the holiday allowance) Open up allowance - A £500/ quarter budget to visit colleagues and work. Last September, TrueLayer raised $130 million in a funding round led by Tiger Global and Stripe at a valuation of over $1 billion. 3M. TrueLayer’s Data API. Please choose the most appropriate form for your enquiry below. Businesses of every size use TrueLayer to power their payments, access financial data, and onboard customers across the UK, Europe, and Australia. It received $130 million in funds with a $1 billion valuation as open banking becomes a more viable payment solution compared to traditional card networks. The news comes a day after Silicon Valley firm Plaid — which competes with TrueLayer in Europe — announced it had raised $425 million in a new investment,. Valuation (pre-money) Valuation rounded from £4,999,992 This is the fully-diluted pre-money valuation of the business (i. “. User starts the checkout process. Follow this guide to test a verified payout in the sandbox environment. TrueLayer, since its inception in 2016, has rapidly gained traction in the fintech space. object shows the status that the payment transitioned to from. Your backend creates a payment or mandate with TrueLayer. Taking the form of a Series E round, the raise sees TrueLayer achieve a post-money valuation of over $1bn for the first time thanks to funding from prolific investor Tiger Global Management and. A valuation for TrueLayer was not disclosed. The following is a list of optional query string parameters to use when calling the Status API. TrueLayer announced it has secured a $70m Series D investment round led by new investor Addition. Fintech platform TrueLayer secured $70 million in Series D funding to build an open banking network, a concept in which banks open up their application programming interfaces for third parties to develop new apps and services. The rapid surge in VRP adoption reflects. TrueLayer offers data aggregation, user authentication, and funds transfer management. Organization Name. Their platform enables businesses to access and use financial data from their customers' bank accounts, allowing them to build innovative financial products and services. When questioned why the startup pursued another funding round so soon, CEO and founder Francesco Simoneschi says that — simply — Tiger Global's offer was too hard to resist. TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The Data API instantly provided us with a seamless and safe way to verify account ownership and transaction history. 88M) in a fresh round of funding. Powered by Crunchbase’s comprehensive data, this unicorn company list is updated as companies are valued at $1 billion or more in a new funding round. Explore our backend libraries in Java, PHP, C# and Javascript/Node. Generating Revenue. 2021 YouGov research revealed that 74% of merchants are planning to offer instant account to account payments as part of their long-term strategy. If you are regulated to provide AIS in the UK or EU, you must collect. The client ID can be found in the settings page of your Console. These are the companies that are building the so-called “plumbing” of banking, allowing customers to share their bank data with fintech apps and to pay directly from their accounts. TrueLayer claims this will make bank onboarding three times faster. By contrast, TrueLayer rates 4. The funding round is a big plus for the fintech startup, TrueLayer, and at the same time, it acts as a vote of confidence. support@toolsmetric. TrueLayer teams up with Cazoo to power open banking payments and refunds. TrueLayer Raises $70m to Build the World’s Most Valuable Open Banking Network Series D round led by new investor, Addition, with participation by existing investors including Anthemis Group,. The endpoint we are. 4. $121. 14 April 2021 at 12:13PM in Savings & investments. Generate an access_tokenyou can use to make requests to our APIs. 5m. Their most recent investment was on Aug 3, 2023, when Knot raised. Like other European fintech players such as open banking specialists Tink and Truelayer, as well as others in the embedded finance space like 10x and Thought Machine — both of which have raised. True Layer Office photos. com in your requests. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments,. . It is not the companies providing the APIs. The company raised $6. It has been a good year for the fintech firm as TrueLayer says it has processed “billions” in payments, experiencing 400% growth in monthly payment volume and 800% growth in monthly. # create a folder for your project. 05. £145. With Payments v3 pay-ins (deposits made into the merchant account), once the payment is created from the backend, there is a following step that consists in taking the end user to authorise the payment. In this context, our classification service enriches financial transactions with information related to their purpose and the relevant counterparty. Truelayer Debuts Open Banking-Powered Digital Onboarding Tool January 31, 2023. See more about connected. TrueLayer is a leader in the open banking and fintech space. Karandeep V . oauth-starling is no longer accepted. Verification. Our mobile SDKs provide pre-built user interfaces for mobile applications that enable in-app payment experiences. Alternative payment methods are also gaining steam. In the report, the crypto exchange said it would be rolling out Easy bank transfers for UK clients. “TrueLayer is carving a new world of payments altogether, which can deliver a fundamentally faster, safer and more user-friendly experience that also improves conversion and delivers higher revenues for. The 5-year-old company has pioneered an API-centric open banking methodology, operating across multiple sectors. Credit card: card network, last four digits, name on card etc. Fintech Narmi, which builds digital banking solutions, has closed a $20. Completed. The firm expanded internationally, hired extensively and achieved unicorn status with a $1bn valuation on their successful September fundraise. 8th April 2021, London (UK). “Tiger is an iconic investor in everything that is digital commerce and technology,” he. Non-Merchant Account If you are not using a merchant account, the payment_source object will only return information for the CMA9 banks (excluding Bank of Ireland) in the UK. Bravi, Francesco Simoneschi and Luca!. London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and payments technology. Requirements: You need to be regulated by the FCA under PSD2 as an Account Information Services Provider or Payment Initiation Service Provider, depending on your use case. The Series D brings TrueLayer’s total investment to date to $142 million, according to Crunchbase data. Maybe I’m being petty, and maybe too nuanced, but I don’t like terms being abused by those too naïve to know. Give your customers instant access to their money instead. 22M over 7 rounds. | TrueLayer is Europe’s leading open banking payments network. 2 billion in 2020. References to your “personal data” will, as the context requires, include “special categories of personal data”, which involves more sensitive information about you. Date. A connection is the term for the relationship between your application and your user’s bank, facilitated by TrueLayer. Details of the startup: Valuation: $1. The use of zebrafish as a model to study the effects of. Get an access token and initiate your payment. mkdir tl_balance_notifier. TrueLayer becomes a unicorn! In a recent development, the company announced that it has secured $130M (approx €110. TrueLayer, which provides technology for developers to enable a range of open-banking-based services has raised $130 million in a funding round that values the. Example: Sort Code Checker. Allow customers to automatically top up their current account when the balance is low to help them avoid overdraft fees. This funding round also gives TrueLayer a valuation of more than £731. Fintech startup TrueLayer raises $130 mln at over $1 bln valuation. How TrueLayer hit $16. The firm, in total, has received investments worth $735 million. Later Stage VC (Series B) 18-Jan-2023: $75. First, create the payment with the Payments API from your backend. The raise reflects TrueLayer’s position as the market leader in open banking payments, and the scale of its ambition to introduce a new global payment network, making instant and recurring payments available everywhere, in a few lines of code. It gives you “easy method to setup a working environment”. 9 million) and takes it into the realm of unicorns. Importing Payouts API File: Open Insomnia Core and go to the Preferences menu, then open the Data tab. Here’s how it works: TrueLayer gives developers technology to access a range of open banking services, such as account holder verification and payment initiation. The hosted payment page, embedded payment page and mobile SDKs support all auth flows by default. 7 million) fundraise for TrueLayer, a fintech company that recently received Central Bank of Ireland authorisation as a. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Does not Disclose Valuation. Marketplace and platform payouts. Permission request. Monzo, Revolut) and are now expanding fast in Europe. And seek potentially outsized returns with same day private market data for private companies like TrueLayer. The raise reflects TrueLayer’s position as the market leader in open banking payments, and the scale of its ambition to introduce a new global payment network, making instant and recurring payments available everywhere, in a few lines of code. Information on valuation, funding, cap tables, investors, and executives for TrueLayer. You need these to authorise your requests to any API. Type: Company - Private. TrueLayer Ltd announced a series C equity round of funding on June 4, 2019 On the same day, the company received $35 million in first tranche co-led by new investors, Tencent Holdings Limited ,. Success rates are over 20% higher than credit bureaus, and results are delivered in seconds. Personetics's latest funding round was a Incubator/Accelerator - II for on May 3, 2023. When TrueLayer send a webhook to the. This status only applies to closed-loop payments (i. With TrueLayer’s API, businesses will be able to connect to select UK banks to take VRP from their customers. Fintech developer platform TrueLayer has just been minted the UK’s newest unicorn after closing a $130m round backed by payment giant Stripe. Success rates are over 20% higher than credit bureaus, and results are. Ensure that you use the same environment for all of your requests to TrueLayer APIs. By using TrueLayer’s open banking API we get the best of both worlds – there’s a simplified in-app deposit flow, but with cost-effective processing. PSD2 requires banks to meet certain criteria for their open banking interfaces. STOCKHOLM, Sept 21 (Reuters) - London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and. Their latest funding was raised on May 18, 2022 from a Series C round. This also meant Revolut could recommend new products to help customers save on things like loans, credit cards,. Since integrating TrueLayer, Cazoo has seen over 25% of customers using open banking payments when buying their car. Trading 212 are asking. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance. in funding over 8 rounds. Last Financing Details. 9M revenue and 366 person team in 2023. Please see our documentation for full steps on implementing the PKCE flow in the Auth Link and when Exchanging Code with Access Token. This is an example of a request to generate an access token: Get a client credentials grant. It made a name for itself by powering payments for online merchants and making it as easy as. Does TrueLayer perform validation on the fields of a payment request? How do I skip TrueLayer's Pay Dialog in the Payments API? Can I see the payer's bank account details? [UK Providers] What are the payment limits? 🇬🇧 How can payment transactions be reconciled? Can I add reference values or soft descriptors to a payment?Store TrueLayer-related data, create an authentication flow and set up your backend. cloud has an estimated worth of US$ 6,732, based on its estimated Ads revenue. Malathion, a common organophosphate insecticide, is a proven acetylcholinesterase inhibitor and is the most. PitchBook notes that as of the end of December, ClearBank’s valuation was just under £274 million, which likely puts the current valuation at $590 million at its most conservative estimate. It also received a valuation of £1B. saved transaction data) is reconciled using the state parameter through subsequent re. Charlie Masters, Product manager. You should now see a TrueLayer Payouts folder folder with the payout endpoints available. 2023. 00. Open banking is a way of giving regulated companies, limited access to your bank account. Please contact us via the forms below and give us a better picture of how you’ll use TrueLayer, so we can set you up with the right pricing plan. TrueLayer’s Verification Engine provides the merchant with one of the following results in real-time: Match (True) No Match (False) No Account Holder Name found . TrueLayer in 2021. These issues are generally related to data quality. Balances: current, available etc. Announced Date Sep 21, 2021. Date. Plaid has raised a total of. While the British fintech unicorn’s API platform. Money Raised. This means that you will only be credited with. K. Use the PitchBook Platform to explore the full profile. £95M. When the dust settled and all of the figures were compiled, TrueLayer emerged with a valuation that is more than $1 billion. 2021 was a big year for TrueLayer. The list is not exhaustive and TrueLayer retains the right to determine at its sole discretion if any other products, services, business models or other are precluded from the use of, or access to, TrueLayer’s tools or regulated services. The latest round mints TrueLayer a unicorn with a valuation. An access_token is an encoded piece of text that contains information about the connection of a user and is used to make data requests. Because of this, several standards bodies were established, including the Berlin Group, STET and PolishAPI. Founded in 2016, TrueLayer is connected to major banks across the world, backed by leading venture capital, and trusted by. The British company develops APIs to securely. TrueLayer's. New York, NY. TrueLayer is a software company that provides open banking APIs for developers and businesses. Reading Time: 3 minutes Latest raise led by Tiger Global Management LLC with participation from global payments technology firm Stripe. Register Modulr, an embedded payments platform for digital businesses, today announced that it has raised $108m (£83m) in series C funding led by General Atlantic, a leading global growth equity firm. Business Identifier Code. Signup+. 7M per year. With Payments v3 pay-ins (deposits into your merchant account), once the payment is created from the backend, there is an additional step in which you take the end user to authorise the payment. Payable is a platform for treasury and payment operations that allows business to track and reconcile funds and make bank payments. TrueLayer, since its inception in 2016, has rapidly gained traction in the fintech space. As a mark of that traction, a startup […]03. “Tiger is an iconic investor in everything that is digital commerce and technology,” he. You can only remove TrueLayer branding if you are independently regulated by the FCA as an AISP or PISP, in which case we act only as a Technical Service Provider. We are also an unrestricted Accredited Data Recipient (ADR) in Australia. Today, the company processes over 1. With these providers, you can send a mock payment that simulates the behaviour of a live payment. The company, which last raised $70 million in April,. cloud Valuation. 7 in 10 UK consumers said they’d be willing to prioritise services like PayPal, with 40% listing them as their first choice when making a purchase. Here's a list of things you can send to TrueLayer to help you get to the bottom of an issue with one of the interfaces: Screenshots; Device and browser; Browser logs. Italy. - May 2020: Became official agents of TrueLayer for use of their Open Banking permissions and API - Jul 2020: Launched beta of our budgeting app to 500 test users. 9. Their most recent investment was on Aug 3, 2023, when Knot raised. The raise gives TrueLayer a valuation of over $1 billion, vaulting the startup to ‘unicorn’ status. Both Plaid and TrueLayer are considered part of a new, disruptive revolution in finance called “open banking,” which seeks to open up banking. Bedrock and American Express Ventures are the most recent investors. Payments in the authorized, executed, and failed states include a payment_source object, including payments not made into a TrueLayer merchant account, if they come from a UK CMA9 bank (except ob-boi). Read the case study. +1 469 277 6848. Now, the financial API provider has launched its global open banking platform in Australia following its accreditation as an unrestricted Accredited Data Recipient under the. What does this mean?Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. com. The layoffs were announced during an all-hands meeting on Thursday and re-iterated in the blog post on Friday for “transparency to our partners, customers and wider TrueLayer. $121. Transactions: description, amount, category, merchant name etc. 37) TrueLayer. Belgium. By Jamie Crawley Sep 21, 2021 at 9:58 a. This puts it over the top to qualify for the exclusive group of startups known as unicorns. TrueLayer provides mobile SDKs for iOS and Android as an optional add-on feature to Payments. TrueLayer’s Verification API instantly verifies account ownership and matches your customer name with bank records, so you can onboard users lightning fast. Follow. Sep 21, 2021. View secondary pricing information, VWAP and distribution waterfall. Minor units are the smallest units of a currency, depending on the number of decimals. Card issuers must implement Strong Customer Authentication (SCA) by the UK’s extended deadline of 14 September 2021. in funding over 7 rounds. Last September, TrueLayer raised $130 million in a funding round led by Tiger Global and Stripe at a valuation of over $1 billion. I have had an account at Trading 212 for a couple of years now, I originally opened it to receive a free share. For example, If you top up your Revolut, Nutmeg, Freetrade or Trading 212 account, you’re using TrueLayer in the background. Signup+. [Optional] Your customer navigates to the TrueLayer UI to select their bank —. 201 to 500 Employees. Very few EU providers support a decoupled flow. Bank of. Continued London-based TrueLayer has raised $130 million in a Series E funding round, tipping its valuation over $1 billion and solidifying its status as a fintech unicorn. €20,000 if using card reader. At a time when payments need to be optimised for digital channels, Bennett notes that cards remain. Their latest funding was raised on Aug 17, 2021 from a Series D round. Developer of cloud-based enterprise software designed to give banks and credit unions the flexibility to innovate using . Stripe’s valuation has increased by 54 times since 2014, the year when it joined the unicorn startups club with a valuation of $1. Payments. Businesses use our open banking network to securely access financial data and enable instant payments. The funding round meant that its valuation leapt to a post-money valuation of more. But the price on that excitement is soaring out of control, investors tell Sifted. 00B (September 2021) State: England; City: London; Started in: 2016; Founders: Francesco Simoneschi, Luca MartinettiThe secure service hosted by TrueLayer that allows users to authenticate with their credentials. 5 million, it is clear that investors see the potential in TrueLayer's vision. TrueLayer Home Blog English (US) Deutsch Español Français (France) Italiano TrueLayer Help Centre; Providers; Known Issues and Workarounds - UK banks and PSPs 🇬🇧 ; Browse Sections. Update July 2022: In Spain, the IBAN requirement is no longer required for the majority of banks, including the biggest ones in terms of coverage (Sabadell, Santander, BBVA, ING Spain and Bankinter). TrueLayer is an England-based open banking platform that provides services including payment processing and payout. According to a TrueLayer analysis, all alternative payment methods are expected to grow in Europe over the next four years — the highest growth being BNPL services, at 70%. Bravi, Francesco Simoneschi and Luca! You’ve done an incredible job. TrueLayer is a lean-in to the future, a modern solution. User’s data (for example. TrueLayer’s Profile, Revenue and Employees. STOCKHOLM, Sept 21 (Reuters) - London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and payments technology provider. Enter the id you received from the List merchant accounts request. Data. Gen Z financial assistant app Cleo raises $80m at $500m valuation Intesa Sanpaolo sells Croatian merchant acquiring business to Nexi Making the most of Banking-as-a-Service TrueLayer valuation earns it unicorn status . Request a free trial. $120K. When questioned why the startup pursued another funding round so soon, CEO and founder Francesco Simoneschi says that — simply — Tiger Global's offer was too hard to resist. TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks Sep 20, 2021 Ingrid Lunden. However, the company’s founders are staying quiet about how much the fintech startup is. Trustly was working with Goldman Sachs, J. On September 21, 2020, TrueLayer Limited closed the transaction. We selected TrueLayer for its coverage and world-class open banking technology to further support our global. At the same time, cards, which represent around 41% of ecommerce payments now, are expected to fall to 33% by 2026. TrueLayer’s Verification API instantly verifies account ownership and matches your customer name with bank records, so you can onboard users lightning fast. Gen Z financial assistant app Cleo raises $80m at $500m valuation. To get an access token, you need your client ID and client secret for the environment you are using (live or sandbox). Trusted by millions of consumers and businesses around the world, our vision. Purely looking at the interview process, it was a pleasant and rewarding experience. Financial Software. You control their level of access to your account. ZEBRAFISH Volume 11, Number 3, 2014 June 16, 2014. Test Drive Latka’s Directories. when the beneficiary account is a merchant account created and held by TrueLayer). Startups News: STOCKHOLM: London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and payments. Follow. Unlock for free. If you are using a merchant account, the payment_source object will return information for all banks in all countries that TrueLayer supports once the payment is settled. In sandbox, you have access to any providers that have a sandbox environment. A global open banking platform based in London, TrueLayer, makes it easy for anyone to build better financial experiences. Fintech developer platform TrueLayer is planning to go global on the back of its new $70m Series D funding round and a boost from the pandemic. If you’re not a software developer, you might have come across TrueLayer while connecting your bank account to another application. TrueLayer raised a Series D earlier this year in April to the tune of $70m. Their latest funding was raised on Jan 5, 2022 from a Series B round. Global open banking platform TrueLayer raised $130 million in a funding round led by new investor Tiger Management with participation from Stripe, giving the startup a post-money valuation topping. We recommend using these, especially if you are. Currently, TrueLayer can initiate payments from Small Business current accounts, but not Corporate accounts. 4 Apr 2023. bluenun Posts: 479 Forumite. Now, business owners can get paid immediately using their ANNA app rather. Funding, Valuation & Revenue. substack. 5 million since its founding. This announcement comes just a few days after TrueLayer’s fifth anniversary. There are four possible statuses: A payment can only transition from payment fails verification based on name or date of birth. STOCKHOLM, Sept 21 (Reuters) - London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and payments. This announcement comes just a few days after TrueLayer’s fifth anniversary. To operate payouts, our clients have to top up a Wallet held with TrueLayer. 5bn. Continue reading. Option 2 to generate a new access_token for the Data API using a refresh_token. The latest investment gives the business a post-money valuation of more than $1 billion. 90 days a year as part of our hybrid work policy. Intesa Sanpaolo sells Croatian merchant acquiring business to Nexi. : "classification": ["Shopping", "Groceries"]The process took 2 weeks. Bank selection. Request a free trial. The open banking company’s new round was led by new investor Tiger Global Management and gave the startup a post-money valuation of more than $1bn. 8M over 7 rounds. finally closing its $100m Series E extension albeit without the rumoured involvement of Visa and at a flat valuation of $5. Learn More. We have implemented the industry standard oAuth 2. The Payments API v3 is the latest version of the TrueLayer payments API. Other investors in the round are. com. Today, TrueLayer announced a $130m fundraising round led by Tiger and Stripe — at a $1B+ valuation. This means that even if you are using the TrueLayer consent page and the TrueLayer Bank Selection Auth Dialog screens, the user will skip those and will be taken directly. m. TrueLayer has designed it this way to ensure that no one can access your data without first exchanging a "key" to decrypt the access token for your details and gain access to the account. Common Payment Issues 3 Min Read. The analytics reports for TrueLayer's website reveal that there has been a high volume of web traffic with significant growth of its number of monthly visitors over the past thirty days. It also comes seven months after the company raised. Gearing up for SCA. 9M). 2M on July 7, 2022. By Supantha Mukherjee. TrueLayer, while being in a position of strength, is not. TrueLayer | 44. pesticides on development is an innovative approach yielding. Introduction. Fast recurring payments. It walks through the process of: generating an auth link to take the user through the auth journey. TrueLayer in 2021. The round that saw TrueLayer reach unicorn status was a £95. This news comes just three months after TrueLayer announced it had processed 1 million VRP transactions in total. Por ejemplo, cuando un usuario intenta conectar su cuenta bancaria a una herramienta de planificación financiera o un sitio de verificación. “. MANTL Valuation & Funding. Enter the amount they want to be paid. TrueLayer is the leading technology company providing secure, global access to financial infrastructure. The use of zebrafish as a model to study the effects of. For Payouts. Increase conversion, engagement and loyalty. Norway. UK-based open banking startup TrueLayer raised $130 million, giving it a $1 billion valuation, per TechCrunch. If you have a customer's sort code and want to know whether you can offer them an option to pay in using TrueLayer or not, you would need to know if the customer sort code maps to one of the supported TrueLayer banks from the /providers endpoint. MANTL Raises $40 Million Series B Led By Alphabet's CapitalG to Take on Legacy Banking Infrastructure Fintech firm's revenue grew 2. g. $120K. On top of enabling the underlying connectivity to the raw transactions, TrueLayer provides additional information and insights into the transactions themselves. Can they get £150 for the refund using PayDirect, when only £50 of those came from. Our coverage is constantly growing across Europe. Tiger Global Management and Xffirmers are the most recent investors. Taking the form of a Series E round, the raise sees TrueLayer achieve a post-money valuation of over $1bn for the first time thanks to funding from prolific. Stripe, the payments firm recently valued at $95 billion, also invested in the round, according to an announcement. TrueLayer, Europe’s leading open banking platform, today announced it has secured a $70m Series D investment round led by new investor Addition. Payments created with oauth-starling will be rejected. TrueLayer has raised $130m in a funding round that saw participation from Stripe and gives the fintech start-up a post-money valuation of over $1bn. TrueLayer sends the bureau user sort code and account number (securely obtained through open banking) and the bureau sends back the identity data (name, address and DOB) linked to that account. Abound is not disclosing valuation, but for some context,. Funding Type Series E. The TrueLayer Payments plugin for WooCommerce launches at a time when demand for instant bank payments are at an all-time high.