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Fintech Startup TrueLayer Trimming 10% of Staff, Citing Challenging Market Conditions

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"You may understandably ask what has changed in the past twelve months," TrueLayer CEO Francesco Simoneschi said in the blog post. "We are now operating in a very different context and more challenging market conditions. TrueLayer, while being in a position of strength, is not immune to these broader factors." Source

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London-Based Open Banking Startup TrueLayer Raises $130M Led by Tiger Global, Stripe

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London-based open banking startup TrueLayer has raised $130 million in funding in a round led by Tiger Global and Stripe.The raise values TrueLayer’s at more than $1 billion, thus giving it “unicorn” status.Open banking, for which TrueLayer provides infrastructure, enables customers to transact with businesses more seamlessly via bank-to-bank payments,

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