TrueLayer, a London, UK-based provider of financial APIs, raised $35m Series C funding.
The round, which brought total funding raised to date to $47m, was led by Tencent and Temasek, with participation from Northzone and Anthemis.
The company intends to use the funds to expand its network in Europe and globally.
Led by CEO Francesco Simoneschi, TrueLayer builds universal APIs that allow companies to capitalize on new Open Banking initiatives in the UK, and the broader, European wide PSD2 rules by securely and efficiently accessing their customers’ bank accounts to share financial data, make payments and validate their identity.
Using it, developers can meet security requirements, comply with their regulatory obligations, and gain access to data and payments, focusing their resources on developing innovative products and services.