Open Banking API provider TrueLayer raises $7.5m for European expansion

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Financial API platform TrueLayer has raised $7.5 million to take its company across Europe, starting with Germany and France.

The Series A funding round was led by Northzone, which has previously invested in Spotify, Klarna, Zopa and iZettle and also existing investors Anthemis and Connect Ventures.

Francesco Simoneschi, co-Founder and CEO of TrueLayer, says, “In the coming months, we will be busy expanding to more and more countries as well as releasing a wealth of new functionalities and products to our Bank API platform. We want TrueLayer to be the key player in the creation of a secure infrastructure that underpins Open Banking and this investment is a big step forward on this journey.”

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