TrueLayer receives $7.5m funding from Northzone
TrueLayer, the London-based API developer platform start-up, has raised $7.5 million in funding.
The funding was led by Northzone, an investment firm that gives its thoughts regarding the nature of this investment, citing the importance that PSD2 and open banking will have – and is having – in the banking industry.
According to TrueLayer’s tweet, Anthemis and Connect Ventures are returning investors.
Thrilled to announce our $7.5m raise with @northzoneVC leading the round. Huge thanks to them, and our existing investors @anthemis and @Connect_V for believing in us, our products and our vision. Europe, here we come! 👋🏽☺️ https://t.co/6JqPxLnEBd
— TrueLayer (@TrueLayer) July 19, 2018
“We have followed TrueLayer since they raised their seed round from Connect Ventures in 2017,” the blog post reads, highlighting the UK partnerships with Monzo, Starling Bank, ClearScore, Plum, BitBond, Emma, Zopa and MarketInvoice.
TrueLayer is Francesco Simoneschi’s, CEO, and Luca Martinetti’s, CTO, third start-up, having already built and exited two companies together: DomainsBot, acquired by Sedo in 2008, and staq, acquired by Upsight in 2013.
This investment follows last year’s $3 million Series A.
More recently, FinTech Futures reported on the integration of Plum within Starling Bank and Monzo, which was enabled by TrueLayer.
