London-based fintech startup TrueLayer raises $70 million to take on Visa and Mastercard

It’s been a while since we wrote about TrueLayer, a London, England-based fintech startup that builds universal APIs or application programming interfaces to allow companies to capitalize on new Open Banking initiatives in the UK, and beyond. TrueLayer lets fintech apps like Revolut and Freetrade connect with customers’ bank accounts. Back in June 2019, we featured TrueLayer after the company raised $35 million in Series C funding to fuel growth.