Full-Time
Confirmed live in the last 24 hours
Open banking platform for financial data integration
Junior, Mid
Company Does Not Provide H1B Sponsorship
London, UK
The role involves managing daily operations in the London office and requires in-office presence.
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TrueLayer provides an open banking platform that allows businesses to integrate financial data and facilitate payments. Its services enable clients, such as financial institutions and technology companies, to access secure financial data and offer features like instant bank payments and account verification. TrueLayer's API-based solutions allow for secure connections to customers' bank accounts, making transactions faster and more cost-effective than traditional methods. The company stands out in the fintech sector by focusing on simplifying financial data integration and payments, which enhances user experience and reduces operational costs for its clients. TrueLayer's goal is to support the growing demand for digital financial services by enabling businesses to innovate and improve their offerings.
Company Size
201-500
Company Stage
Series E
Total Funding
$312.7M
Headquarters
London, United Kingdom
Founded
2016
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Flexible Work Hours
Hybrid Work Options
Home Office Stipend
Paid Vacation
Paid Sick Leave
Parental Leave
401(k) Company Match
Health Insurance
Mental Health Support
Professional Development Budget
Company Equity
TrueLayer, the UK’s largest Pay by Bank network, has announced the appointment of Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayer’s European business.In his dual role, Basil Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution (PI) license and is regulated by the Central Bank of Ireland. He will also manage TrueLayer’s European operations. Additionally, Basil has been appointed as an Executive Director of the TrueLayer Ireland board.Basil brings a wealth of leadership experience within the payments industry. He has held the role of Managing Director of JPMorgan’s Acquiring business in EMEA and served as CEO and Director of the company’s two European Acquiring and Issuing entities.Basil has also held senior roles at Fiserv as well as PayPal where he was Global Director of Financial Services, and at Borderfree as Director of Global Consumer and Commercial Payments. Prior to this Basil was the Chief Commercial Officer of Orbiscom which was subsequently acquired by MasterCard where he then worked for many years holding a number of key senior positions most recently as VP of Global Strategic Alliances. Prior to entering payments Basil had an extensive career in IT and Telecoms where he held many senior marketing and commercial positions including being Marketing Director of Horizon Technology Group and also Esat Telecom where he was MD of their SME business.Basil Bailey joins TrueLayer at a time of significant growth, as the company’s leading Pay by Bank solution is gaining rapid adoption among e-commerce merchants and consumers
"The past few months have been a tipping point for the adoption of Pay by Bank by merchants and consumers…", said Francesco Simoneschi , Co-Founder and CEO of TrueLayer.said , Co-Founder and CEO of TrueLayer. TrueLayer processes almost half (40%) of all Pay by Bank payments in the UK, making it the largest Pay by Bank network in the UK.Ecommerce is the fastest growing sector for adoption of Pay by Bank, with TrueLayer experiencing a 5X year-on-year increase in ecommerce transaction volume.Some of Europe's most successful brands, including Ryanair, JustEat and Lastminute.com, have added TrueLayer's Pay by Bank method into their checkouts recently.LONDON, Feb. 12, 2025 /PRNewswire/ -- TrueLayer, Europe's leading Pay by Bank provider, is proud to announce that its consumer network has now surpassed 10 million active users, with a new user now joining every 3 seconds. This rapid growth highlights the accelerating demand for seamless, secure and cost-effective digital payments, with TrueLayer's Pay by Bank solution leading the charge.To date, TrueLayer has processed over $72 billion in payments and currently processes 40% of all UK Pay by Bank transactions[1], making TrueLayer the largest Pay by Bank network in the UK. These milestones underscore the growing consumer preference for Pay by Bank – a payment method that offers consumers an easy, fast and secure way to pay online without the need for card details.Consumer Adoption Trends:In the UK alone, Pay by Bank transactions have more than tripled over the past three years, reaching 23 million monthly payments in 2024[2]. Consumers are increasingly choosing to Pay by Bank because it eliminates the need for card details, reduces the risk of fraud and provides instant payment confirmation
TrueLayer, a European Open Banking payments network, has partnered with payments orchestration platform BR-DGE to bring Pay by Bank to enterprise businesses across the globe. This collaboration simplifies connectivity, expands payment options, and allows BR-DGE to grow interconnected networks. Interoperability within the payments sector
TrueLayer, Europe’s leading open banking payments network, today announces a partnership with payments orchestration platform BR-DGE, to bring Pay by Bank to enterprise businesses across the globe.BR-DGE is a category leader in payment orchestration, working with enterprise businesses worldwide, across sectors like transport, travel, igaming, digital goods and online retail. BR-DGE’s platform offers seamless access to multiple banks, payment methods and other key payment-related services via a single integration.aRecognising the growth in open-banking powered Pay by Bank, particularly in the UK, but increasingly across Europe and further afield, BR-DGE has partnered with open banking payment provider — and Pay by Bank leader — TrueLayer, to add this seamless, secure and cost-effective payment method to its suite of payment options.Advancing interoperability within the payments ecosystemA best-in-class, high-performing checkout experience is one that blends customer preference with the best business outcomes, namely reducing cost inefficiencies and driving sales. To do this effectively, merchants need to be able to access, operate and add new payment methods to their checkout quickly and efficiently. That’s where BR-DGE comes in: a single integration connecting merchants with an entire ecosystem of payment methods, fraud solutions, PSPs and more, challenging outdated processes and legacy technology, which so often hold businesses back.By adding TrueLayer to its growing ecosystem, BR-DGE will offer its merchants a payment method — in Pay by Bank — that sees over 20 million payments a month in the UK alone, and two-thirds of online shoppers comfortable in trying Pay by Bank if offered.Mariko Beising, VP Financial Services & Payment Partnerships at TrueLayer, commented: “Pay by Bank — and open banking more generally — is no longer an idea on the distant horizon, it’s right in front of us. Consumer adoption is growing rapidly, and merchants increasingly recognise the benefits, namely its real-time settlement, high-converting user experience and bank-grade security. BR-DGE is leading the way in payment orchestration and we’re delighted to partner with them to offer Pay by Bank to its merchants.”Tom Voaden, VP Commercial at BR-DGE, said: “At BR-DGE, we’re really excited about this new partnership with TrueLayer, so we can further advance interoperability in the payments ecosystem with the addition of Pay by Bank
TrueLayer teams up with BR-DGE to boost enterprise payments through Pay by Bank.