Latka logo

How TrueLayer CEO Francesco Simoneschi grew TrueLayer to $24.9M revenue with a 281 person team in 2024.

TrueLayer is a software company that provides open banking APIs for developers and businesses. Their platform enables businesses to access and use financial data from their customers' bank accounts, allowing them to build innovative financial products and services. TrueLayer's APIs provide secure access to banking data, allowing developers to build applications such as payment services, personal finance management tools, and investment platforms. The company was founded in 2016 and is based in London, United Kingdom.

Last updated

TrueLayer Revenue

In 2024, TrueLayer's revenue reached $24.9M. The company previously reported $16.9M in 2020. Since its launch in 2016, TrueLayer has shown consistent revenue growth.

TrueLayer Revenue GrowthReported revenue / ARR by year$0$6M$12M$18M$24M$30M201620172018201920202021202220232024$0$17M$25MSource: GetLatka.com
YearMilestone
2024TrueLayer Hit $24.9m revenue in October 2024Source
2020TrueLayer Hit $16.9m revenue in September 2020
2016Launched with $0 revenue

TrueLayer Valuation, Funding Rounds

TrueLayer reached a $700M valuation in 2021, set during its Series E round.

TrueLayer has raised $236.8M in total funding across 6 rounds, most recently a $130M Series E round in 2021.

TrueLayer Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$250M$500M$750M$1B$1B2016201720182019202020212016 cumulative: $0 • 2016 Founded: $02017 cumulative: $1M • 2016 Founded: $0 • 2017 Seed Round: $1M2017 cumulative: $4M • 2016 Founded: $0 • 2017 Seed Round: $1M • 2017 Series A: $3M2018 cumulative: $12M • 2016 Founded: $0 • 2017 Seed Round: $1M • 2017 Series A: $3M • 2018 Series B: $8M2020 cumulative: $37M • 2016 Founded: $0 • 2017 Seed Round: $1M • 2017 Series A: $3M • 2018 Series B: $8M • 2020 Series C: $25M2021 cumulative: $107M • 2016 Founded: $0 • 2017 Seed Round: $1M • 2017 Series A: $3M • 2018 Series B: $8M • 2020 Series C: $25M • 2021 Series D: $70M2021 cumulative: $237M • 2016 Founded: $0 • 2017 Seed Round: $1M • 2017 Series A: $3M • 2018 Series B: $8M • 2020 Series C: $25M • 2021 Series D: $70M • 2021 Series E: $130M @ $1B valuation$237M2016 Founded: $0 valuation2021 Series E: $1B valuation$1BSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Series E$130M$1B13%
2021Series D$70M--
2020Series C$25M--
2018Series B$7.5M--
2017Series A$3M--
2017Seed Round$1.3M--

TrueLayer Employees & Team Size

TrueLayer employs approximately 281 people as of 2026, down from 311 in 2024.

TrueLayer has 281 total employees in different roles and functions.

TrueLayer Team GrowthReported headcount over time010020030040050020162018202020222024202500281281Source: GetLatka.com
YearMilestone
2025Reached 281 employees (November 2025)
2024Reached 311 employees (December 2024)
2024Reached 338 employees (October 2024)
2023Reached 392 employees (December 2023)
2023Reached 366 employees (September 2023)
2023Reached 384 employees (July 2023)
2023Reached 392 employees (January 2023)
2022Reached 388 employees (December 2022)
2022Reached 432 employees (January 2022)
2021Reached 380 employees (December 2021)
2021Reached 275 employees (August 2021)
2020Reached 188 employees (September 2020)

Founder / CEO

Francesco Simoneschi

Francesco Simoneschi is listed as Founder / CEO at TrueLayer.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

We do not have customer count information for TrueLayer yet.

Frequently Asked Questions about TrueLayer

What is TrueLayer's revenue?

TrueLayer generates $24.9M in revenue.

Who founded TrueLayer?

TrueLayer was founded by Francesco Simoneschi.

Who is the CEO of TrueLayer?

The CEO of TrueLayer is Francesco Simoneschi.

How much funding does TrueLayer have?

TrueLayer raised $236.8M.

How many employees does TrueLayer have?

TrueLayer has 281 employees.

Where is TrueLayer headquarters?

TrueLayer is headquartered in London, England, United Kingdom.

People Also Viewed

Network Data Systems, Inc. logo

Network Data Systems, Inc.

Network Data Systems is an information technology company specializing in IT infrastructure services

QualityUnit logo

QualityUnit

QualityUnit is a privately owned software development and technology company. QualityUnit specializes in software development of web based products and information systems designed for small to large sized companies. Today, more than 27,000 customers worldwide are operating with QualityUnit's products, spanning a wide variety of projects, from small personal websites, to large, full-scale corporate intranets.

HealthSherpa logo

HealthSherpa

Private sector Healthcare.gov.

People Data Labs logo

People Data Labs

Unlock insights. Inspire innovation. People Data Labs builds people and company data for developers, engineers, and data scientists. We handle the heavy-lifting of data collection, so you can build innovative and compliant data solutions at scale. Every day, our clients use our data to build person profiles, enrich person records, power predictive modeling, drive artificial intelligence, and build new tools to make their teams more efficient, productive, and successful. We’re proud to be the preferred data partner to the data science and engineering teams building the next generation of data-driven products and services.

Strike Social logo

Strike Social

Strike Social’s machine learning technology is an end-to-end YouTube, Meta, TikTok, and all-biddable social execution platform built to generate savings for agencies and deliver campaign performance for brands. We are a SWAS (Software with a Service) AdTech business partner. As an extension of your team, our 24/7, global team leverages our proprietary planning, pacing, and optimization tools to generate significant savings and efficiencies on every campaign. We’re hyper-focused on setting up and executing your client’s campaigns, so your team can focus on servicing and growing the business.

Advids logo

Advids

VIDEO CREATION ECOSYSTEM FOR THE 21ST CENTURY Advids is a world-class video content creation service, empowering over 3400+ businesses globally to elevate their brands through compelling visuals. From dynamic motion graphics and engaging explainer videos to immersive 3D animations, captivating 2D content, and effective YouTube advertisements, Advids delivers a comprehensive suite of video solutions tailored to diverse needs. Clients consistently praise Advids for exceptional service, rapid project turnarounds, and a deep commitment to understanding and fulfilling unique objectives. As a streamlined, remote-first online studio, Advids makes professional, high-quality video production accessible and efficient for businesses of all sizes. Advids' expertise spans a vast spectrum of video formats, ensuring impactful communication across various platforms and industries. Whether you require animated explainers to simplify complex concepts, dynamic marketing videos to boost engagement, captivating app intros to make a strong first impression, or any other form of video content, Advids possesses the creative talent and technical proficiency to bring your vision to life. Their team excels at crafting visually stunning narratives that not only capture attention but also drive tangible results, helping businesses effectively convey their message and connect with their target audience. Advids is dedicated to being a versatile video partner, capable of handling diverse project requirement. Clients praise our exceptional service, rapid turnaround, and commitment to understanding their unique needs. As an online studio, Advids offers a streamlined, remote-first approach, making professional video production accessible and efficient. We are video creators par excellence, dedicated to crafting compelling visuals that drive results and elevate your brand’s message. Join businesses worldwide who trust Advids to bring their stories to life through impactful video.

Compare TrueLayer to the industry

TrueLayer operates across multiple industries. Browse revenue, funding, and growth data for TrueLayer in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

TrueLayer Revenue 2024: $24.9M ARR, $700M Valuation