London based API platform for open banking raised $130m in new funding led by Tiger Global.
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TrueLayer raises $130m in new funding
“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 merchants,” Simoneschi said. He added that the company is building “account on file services” on top of its open banking system after “merging Variable Recurring Payments (VPRs)” and direct debit.
