Member Article

FinTech platform connecting app developers with financial firms closes $1.3m funding round

London-based FinTech firm, TrueLayer, has closed a $1.3m seed funding round led by a pair of venture capital houses along with a line-up of angels.

The investment round in the business, which has developed a platform to encourage other FinTech firms and developers to link up with banks and financial institutions, was led by London’s Connect Ventures with participation from US-based Graph Ventures.

Investment has also come from angels including Nexmo Co-Founders, Tony Jamous and Eric Nadalin, amongst others.

Located out of Fleet Place House on Holborn Viaduct, TrueLayer is working on a platform which makes it easier for FinTech startups and developers to access banking data and details from mainstream financial services and banks.

Recently launched in beta, the technology could prove a key part of the new generation of financial apps, such as money management and payment services, which pull data from their user’s different accounts and banking services.

Founded in July last year, the FinTech startup is headed up by Francesco Simoneschi with this seven-figure seed round being the first significant investment in the FinTech firm thus far.

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