TrueLayer, the open banking API provider, discloses investment and partnership with Visa

INSUBCONTINENT EXCLUSIVE:
agreed to a strategic and commercial relationship with Visa
June.The round was led by Tencent and Temasek, with participation from previous investors Northzone and Anthemis, while we now know that
Visa was on-board too
TrueLayer has raised $47 million to date.Francesco Simoneschi, CEO and co-founder of TrueLayer, tells me the Visa partnership will enable
The fintech is already open for business in the U.K., Germany, France, Italy and Spain, and recently expanded to Australia
and for the Visa network
for open banking which enabled us to develop our solution in line with the needs of our clients and subsequently quickly grow our customer
base
We now are responsible for about 65% of all open banking traffic in the U.K
Australia
early-stage startups