TrueLayer Raises $130M in Funding
- TrueLayer, a London, UK-based global payments company, raised $130m in funding
- Backers included Tiger Global and Stripe
- The company intends to use the funds to charge the mainstream adoption of open banking payments through industries like ecommerce and subscriptions
- The company is a global payments network, making instant and recurring payments available everywhere, in a few lines of code. Products include PayDirect, Payments API and Payouts
- Millions of consumers and businesses across Europe, the UK, and Australia already use it to pay for goods and services
