Full-Time
Open banking platform for financial data integration
No salary listed
Mid
Company Does Not Provide H1B Sponsorship
London, UK
Hybrid working — work from home 3 days a week and in the office 2 days a week in London.
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TrueLayer provides an open banking platform that allows businesses to integrate financial data and facilitate payments easily. Its main product is an API that securely connects clients with their customers' bank accounts, enabling features like instant bank payments and account verification. This approach is faster and more cost-effective than traditional payment methods. TrueLayer stands out from competitors by focusing on the seamless integration of financial services, which enhances user experience and reduces operational costs for businesses. The company's goal is to support the growth of digital financial services by making financial data access simpler and more efficient.
Company Size
201-500
Company Stage
Series E
Total Funding
$321.4M
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, Europe’s fastest growing payments network, has announced its biggest month ever, processing over $10 billion in total payment volume (TPV) in April – equivalent to more than $100 billion on an annualised basis.TrueLayer is rapidly becoming the go-to choice for instant, secure and low-cost payments across sectors, including eCommerce, food and beverage. During Q1 alone, the platform gained over 500k new users per month, reaching 13 million users in April – reinforcing its position as the clear category leader in Pay by Bank.“Consumers and merchants are moving en masse to Pay by Bank – and they’re choosing TrueLayer”, said Francesco Simoneschi, CEO and Co-Founder of TrueLayer. “This isn’t just about volume. It’s about velocity. We’re building the real-time payment network for Europe and the momentum that we’re seeing proves that we’re solving a real problem for both sides of the market.”TrueLayer’s rapid growth is being driven by consumer demand for simple, instant payments and instant refunds, and by merchant demand for instant, low cost, secure payment methods that eliminate the possibility of card fraudBy embedding these payments into checkout flows, merchants like Ryanair, Revolut and Just Eat are not only enhancing their customer experience, but they are increasing their checkout conversion and decreasing their payment costs – all while driving industry-wide adoption and educating millions of consumers in the process
Pizza brand Papa Johns partners with TrueLayer to offer Pay by Bank.
TrueLayer, Europe’s leading Pay by Bank network, has today announced a partnership with Papa Johns, one of the world’s most beloved pizza brands to introduce Pay by Bank, a seamless and secure payment method that enables customers to pay directly from their bank accounts.With TrueLayer’s open banking technology, Papa Johns customers can now enjoy an even smoother checkout experience, eliminating the need for card details. Leveraging open banking, Pay by Bank enables direct payments from a customer’s bank account, bypassing traditional card networks. Transactions are securely authenticated in real time, often using biometrics verification through users’ banking apps. This not only reduces fraud risk but also offers a faster, more secure way to pay.“We’re always looking for ways to enhance our customers’ experience, from better ingredients to better technology,” said Eamon Lindsell, Senior Product Manager for Digital Technology at Papa Johns. “By integrating TrueLayer’s Pay by Bank solution, we’re improving our customers’ digital experience and increasing customer retention, all while reducing fraud, eliminating chargebacks and lowering our cost of payments by more than 40%.”TrueLayer’s Pay by Bank feature also improves payment efficiency for merchants like Papa Johns by reducing transaction costs and ensuring quicker fund settlement. Other benefits for F&B merchants using TrueLayer’s Pay by Bank include;Cost: More than a 40% reduction in cost of payments when compared with all forms of card-based payments
TrueLayer, the UK's largest Pay by Bank network, has appointed Basil Bailey as CEO of TrueLayer Ireland and General Manager of its European business.
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