TrueLayer Raises $130M Series E Backed by Tiger Global and Stripe

TrueLayer, a London-based open banking payments platform, secured $130 million in Series E funding led by Tiger Global Management with participation from Stripe, achieving a valuation exceeding $1 billion. The funding round gives TrueLayer unicorn status and validates the growing demand for open banking-powered payment infrastructure. In 2021 the company launched several new products including PayDirect for instant account-to-account payments, a Verification API, and a Payouts solution, broadening its embedded finance capabilities.

Stripe's participation as an investor is notable as it signals strategic alignment between two major payments infrastructure players. TrueLayer positions its platform as an alternative to traditional card networks, enabling merchants and fintechs to process payments directly via bank APIs at lower cost. The raise reflects broader momentum in open banking infrastructure across Europe and beyond.

The company's product suite addresses key use cases in embedded payments, identity verification, and fund disbursement for fintech and banking partners.