Hot Fintech Startups London list – TrueLayer
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With its proprietary API, TrueLayer gives smaller startups access banking data while avoiding – like all APIs – the need to build, design and maintain their own systems.
“Open Banking is about much more than liberalizing the finance industry to increase competition and reduce costs,” said Cofounder and CEO of TrueLayer, Francesco Simoneschi. “It is also about raising security standards and protecting consumers and businesses. Online fraud ripples out and raises costs for everyone making card payments.”
TrueLayer has already launched a beta of its own Payments API.
This API enables businesses to start accepting cash via payments through Open Banking
Trussle as a result have signed big deals with Zopa, BitBond, ClearScore and Anorak, amongst many others.
With so many new and huge markets to enter and almost endless potential partners to partner with, TrueLayer has “true” (Ed: groan….) potential to hyper grow their revenues in 2020 as they fine tune their offer.
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