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TrueLayer

A payments network built for growth

201-500 employees
  • Fintech
  • B2B
  • Banking
  • SaaS
  • API
London (HQ), United Kingdom, 1 Hardwick St, Islington

Company mission

Our vision is to create a financial system that works for everyone. We're opening up finance and changing the way the world pays. Empowering businesses in every industry to create first-class financial experiences for their customers.

Rocket List 2021
Top investors

30% female employees

100% employee growth in 12 months

Otta's take

Theo Margolius headshot

Theo Margolius

COO of Otta

Fintech innovation has been pushed further by the introduction of Open Banking standards. Financial institutions are now required to host APIs that allow sharing of your financial data, and you are in control of which third parties have access. It has never been easier for finance products to interact with each other. For example, you may be able to view your Halifax credit card transactions from your Monzo account.

The technologies and partnerships to build this financial layer are complex. TrueLayer saw this problem early, and started years before the standards were enforced.

TrueLayer has made the most out of the London fintech scheme with key partnerships (e.g. Monzo, Revolut) and is now expanding fast in Europe. Their role as the ‘connecting layer’ is incredibly defensible. As TrueLayer's partnerships continue to increase, the value of its platform becomes harder to replicate. Particularly as its offering now has a global reach.

Benefits

  • £1,000 to spend on learning & development each year
  • Private health insurance from the day you start
  • £150 remote-working budget to help you set up your home office
  • 12 fully-paid wellbeing days a year (on top of the holiday allowance)
  • Video therapy sessions through Spill, to support positive mental health
  • Flexible hours and hybrid working — work from home and our incredible offices in London, Milan and Dublin
  • 2 volunteer days, to support causes important to you
  • Flexible Bank holidays

Company values

  • Think big. We have serious. fun making, breaking, inventing. and experimenting
  • Own it. We embrace ambiguity, encourage. independence and apply accountability
  • Value people. We operate as a family, working individually. to elevate each other
  • Open up. We promise an open. environment in. which everyone can

Funding (last 2 of 7 rounds)

Sep 2021

$130m

SERIES E

Apr 2021

$70m

SERIES D

$271.2m

Total funding

This company has top investors

Founders

Serial entrepreneur and previously sold a gaming analytics company

Worked before with Francesco on the business they sold (a good sign of their partnership)

People progressing

Stefan

Joined as Software Engineer, being promoted to Technical Lead after 1 year

Diversity & Inclusion at TrueLayer

Whitney Jackson  headshot

Whitney Jackson (Senior Customer Success Manager )

  • We are committed to fostering an inclusive and diverse culture, both at TrueLayer and within the wider technology community. Over the year, we have rolled out a few different initiatives:
  • TrueLayeristas created 3 Employee Resource Groups - Women, Diversity and Inclusion, and Pride, which have launched a range of initiatives, from film and book clubs, quiz nights, experience surveys, roundtables and networking/educational speaker events
  • From a Talent Acquisition and People Ops perspective, we are ensuring all of our job descriptions are gender neutral in language and we report on diversity and inclusion metrics across the employee lifecycle. Not to mention company wide Inclusion & Diversity training
  • In the wider community, we have partnered with Ada’s List, a global community for women in technology and with Career Accelerator (An ERG initiative), to offer a mentoring programme for students from underrepresented groups
  • This is just the beginning, we know we have just started to scratch the surface, but with our committed and caring people here at TrueLayer, we are excited to continue our journey in 2021

Endorsements

All

Intelligent people (3)

Opportunities to learn (2)

Team energy (2)

Focus on employee wellbeing (2)

Growing fast (2)

Challenging work (1)

Tech & tools (1)

Nice people (1)

Diversity is a priority (1)

People of all backgrounds are welcomed (1)

Joined in May due to, hands down, the best interview experience I've had. A friendly, caring group extremely focused on building a quality product. The first time a start up I've worked at has understood the importance of avoiding burnout for keeping productivity up and the results speak for themselves.

Software Engineering

Nice people

Dec 2020

Extremely proactive on inclusion and diversity with genuine support from the leadership. Actions, words and money all put towards diversity. Regular reviews of where we are v. the industry/population at all hands promoting real accountability. Plenty of interesting opportunities to help out if you're really passionate. Lots of requests for information on specific experiences (e.g. what's it like being a woman/LGBTQ/Black at TrueLayer etc.).

Software Engineering

Diversity is a priority

Dec 2020

Massive growth this year (from <100 in Jan to ~180 now). Expanded into several new countries as well as signing a number of big names as customers. Quadratic growth in data API usage and explosion in volume of payments as we push into WealthTech and iGaming.

Software Engineering

Growing fast

Dec 2020

We work with a very interesting stack, and we're not afraid to make something of our own if the market doesn't offer a good solution. Also, input on decisions in the engineering org can come from everyone and leads to open discussions about the best tools for the job.

Software Engineering

Tech & tools

Dec 2020

The company gives high priority to employees wellbeing; I joined during the lockdown and having personal wellbeing days off and mental support was very helpful to keep up with the work.

Software Engineering

Focus on employee wellbeing

Dec 2020

The company is growing extremely fast. It's incredible to see how far we've come since I joined only 8 months ago. This, of course, opens up a lot of opportunities for career growth and especially makes for a very enriching work experience.

Software Engineering

Growing fast

Dec 2020

My teammates are knowledgeable, nice and always willing to learn and share their knowledge.

Product

Intelligent people

Dec 2020

There is so much going on and you are encouraged to get your hands dirty from day 1, so you are constantly learning and exposed to new things.

Product

Opportunities to learn

Dec 2020

Knowledge sharing and a helpful attitude really makes the team at Truelayer a great place to work at.

Product

Team energy

Dec 2020

I joined TrueLayer six months ago. Energy is high, customer base is growing and the fintech industry is evolving at crazy speed. There's so much to learn and everyone's encourage to hone their skills.

Data

Opportunities to learn

Dec 2020

I was impressed by the calibre of the people in the organisation: there are people who used to run their own companies, have written/are writing books, etc. Everyone at TrueLayer is on a mission and that's really special.

Data

Intelligent people

Dec 2020

TrueLayer wants to open up finance. This could create a new world where financial services work better and are cheaper for everyone. It doesn't get much more inspiring than that!

Data

Inspiring mission

Dec 2020

We are building a financial infrastructure that has the ambition to connect financial institutions and end-users from all over the world. The work is complex, there are security concerns, scalability concerns, compliance concerns, and I am absolutely thrilled to be able to face these challenges in an environment that encourages taking ownership and getting out of one's comfort zone. This alone makes me consider TrueLayer a once in a lifetime opportunity.

Software Engineering

Challenging work

Dec 2020

The people team here is, quite simply, spectacular. There is a great deal of attention to people's wellbeing, and this is evident from the generous policies (we get extra wellbeing days, 3 months off for paternity, and more), we have regular check-ins with people team to assess wellbeing, managers receive training sponsored by the company. I have not seen this level of care in bigger companies and I feel like my voice and point of view is given attention from my manager and from people ops.

Software Engineering

Focus on employee wellbeing

Dec 2020

This is a world class team. Period. Everyone here comes from other big players in startup and corporate world (TransferWise, Amazon etc.) and the level of discourse, the quality of decisions (and processes behind them) has really impressed me so far. I am on a path to strong and fast growth here.

Software Engineering

Intelligent people

Dec 2020

At TrueLayer I feel like diversity and inclusion are key values. Everyone feels included even from distance and there is always a chance to talk to any person in the company. This is very special and it says a lot about company culture.

Operations & Strategy

People of all backgrounds are welcomed

Dec 2020

TrueLayer's principles and values are clear and can be embraced by everyone! In the company we Value People, Take Risks, Think Big, and Enjoy Life. Every week we do an All Hands meeting with our CEO Francesco Simoneschi who shares important drivers, cherishes accomplishments, and welcomes the new joiners. All we do is made in accordance to our company culture!

Operations & Strategy

Clear values

Dec 2020

Great energy with all the teams. Work-life balance is important, everyone is very respectful but also happy to help. Something interesting is that every morning we do a stand-up meeting to discuss the important matters first than to chat for a few mins and check how is everyone doing. Even from distance and during a pandemic, I am able to feel close to all different teams. This is important when delivering great customer service to our customers.

Operations & Strategy

Team energy

Dec 2020