TrueLayer Completes $27 Million Funding Round
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On October 9, 2026, Fintech News Switzerland reported that payments company TrueLayer completed a $27 million funding round, led by Italy’s CDP Venture Capital, with the participation of both new and existing investors. TrueLayer operates the Pay by Bank network, allowing users to pay directly from their bank accounts. Its payment services are based on Europe’s open banking payment rails rather than the U.S. card network. As of the time of publication, TrueLayer’s services covered 22 countries and had more than 30 million users. The report did not disclose the specific use of the funds raised in this round or the contribution amounts of individual investors.
AI-written from reports · updated 8 days ago
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- Fintech News SwitzerlandTrueLayer raises US$27M, led by Italy's CDP Venture Capital
Pay by Bank network TrueLayer has completed a US$27M funding round led by Italy's CDP Venture Capital, with participation from new and existing investors. Its service allows users to pay directly from their bank accounts, using European open banking payment rails rather than the US card networks, and now covers 22 countries with more than 30 million users.