United Kingdom · Payments & e-money
Truelayer Limited
TrueLayer Limited is a private limited company registered in England and Wales, with its head office in London. The FCA authorises it as an electronic money institution under Firm Reference Number 901096. It gives merchants open banking payment initiation, payouts, account information and verification services in the UK under the TrueLayer brand. The group serves customers in the EEA through a sister company, TrueLayer (Ireland) Limited. The group completed the acquisition of Zimpler in March 2026 and announced the acquisition of in3 in May 2026.
Licences and registrations
Held by Truelayer Limited (LEI 21380067YHFI7E7MX696). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 901096 | United Kingdom | Active | 2020-08-17 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 793171 | United Kingdom | Cancelled - Authorised PI | — | Ended 2021-06-21 |
|
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- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- TRYEGB2AXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under TRYEGB2A directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2026-06-06
- Last updated
- 2026-06-06
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Venture-backed
Firm type
Open banking
Trades as TrueLayer
- Ownership
- The firm states in its Companies House filing that it has no registrable person with significant control, and its group has received venture funding from investors including Northzone, Tiger Global, Temasek, Tencent, Stripe and eBay Ventures.
- Head office
- Part Ground Floor (East), Floors 6 and 7, The Gilbert, 40 Finsbury Square, EC2A 1PX London, United Kingdom
- Company register
- Companies House 10278251
- Incorporated
- 14 Jul 2016
- Founders
- Francesco Simoneschi · Luca Martinetti
- Former name
- FINPORT LIMITED
Online
- Websites & references
- truelayer.com ↗
docs.truelayer.com ↗ developer documentation
console.truelayer.com ↗ client console
truelayer.zendesk.com ↗ support centre - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · YouTube ↗
Sources · 14 pages consulted
- find-and-update.company-information.service.gov.uk/company/10278251
- find-and-update.company-information.service.gov.uk/company/10278251/officers
- find-and-update.company-information.service.gov.uk/company/10278251/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/10278251/filing-history
- truelayer.com/legal/enduser_tos/
- truelayer.com/blog/compliance-and-regulation/how-your-funds-are-protected-at-truelayer/
- truelayer.com/newsroom/
- truelayer.com/newsroom/announcements/truelayer-acquires-in3/
- truelayer.com/newsroom/announcements/truelayer-expands-dublin-operations-and-appoints-pamela-fegan-as-i
- truelayer.com/security/security-at-truelayer/
- finextra.com/newsarticle/47325/ebay-invests-in-truelayer-rolls-out-pay-by-bank
- pymnts.com/news/investment-tracker/2024/truelayer-raises-50-million-to-grow-european-pay-by-bank-net
- finextra.com/newsarticle/45072/truelayer-lays-off-25-of-staff-in-a-single-day
- clear.bank/learn/case-studies/truelayer-closed-loop-payments-case-study
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 and the Payment Services Regulations 2017 (FRN 901096). The Central Bank of Ireland authorises its sister company, TrueLayer (Ireland) Limited, as a payment institution for the EEA (C433487).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 901096 | In its own name | Active | truelayer.com ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution (cancelled 21 June 2021) | 793171 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it keeps merchants' funds in dedicated merchant accounts at safeguarding bank partners, separate from its operational funds at all times.
- Settlement bank
- ClearBank United Kingdom
- Payment schemes and card networks
- Faster Payments Through a partner truelayer.com ↗
CHAPS Through a partner truelayer.com ↗
Bacs Through a partner truelayer.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm offers Pay by Bank payments, instant payouts and refunds from merchant accounts, variable recurring payments (Bank on File), account data and identity verification (Signup+) to merchants.
The firm serves customers in the UK. The group describes its network as live in 22 countries, with customers in the EEA served by TrueLayer (Ireland) Limited.
- Payment volume
- USD 150bnAnnualised payment volume across the TrueLayer network (company statement: 'over $150bn')
- Sells to
- Enterprises · Platforms and marketplaces · Financial institutions
- Serves customers in
- United Kingdom
- Latest funding round
- Strategic investment Feb 2026Led by eBay Ventures
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Francesco Simoneschi CEO and Co-Founder
- Executive
- Muhamad Hussein Mirza Director
- Executive
- Robert Daniel Kerrigan Director
- Executive
- Camilla Jane Richardson Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The FCA selected TrueLayer for its Supercharged Sandbox to test agentic payments initiated by AI agents.
truelayer.com ↗ -
Merger / acquisition
TrueLayer announced the acquisition of in3, a Dutch buy-now-pay-later provider, for undisclosed terms.
truelayer.com ↗ -
Merger / acquisition
TrueLayer completed its acquisition of Swedish Pay by Bank provider Zimpler after regulatory approval.
truelayer.com ↗ -
Funding
eBay Ventures made an undisclosed strategic investment in TrueLayer alongside a Pay by Bank partnership with eBay.
finextra.com ↗ -
Leadership
Founders Francesco Simoneschi and Luca Martinetti resigned as directors of the firm, and Robert Kerrigan and Muhamad Mirza were appointed.
find-and-update.company-information.service.gov.uk ↗ -
Other
TrueLayer cut 71 roles at the end of September 2024, according to City AM as reported by Finextra.
finextra.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- TRYEGB2AXXX
- How the BIC breaks down
- TRYEBank
- GBCountry · United Kingdom
- 2ALocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 21380067YHFI7E7MX696
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 901096
- Licence no. · FCA-PSD
- 793171
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- cc6523a566f1
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- truelayer.com ↗
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 1 HARDWICK STREET LONDON EC1R 4RB UNITED KINGDOM
- Operational address
- 1 HARDWICK STREET LONDON LONDON EC1R 4RB UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>TRYEGB2AXXX</BICFI>
<LEI>21380067YHFI7E7MX696</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>TRYEGB2AXXX</BICFI>
<LEI>21380067YHFI7E7MX696</LEI>
<Nm>TRUELAYER LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>1 HARDWICK STREET LONDON EC1R 4RB</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: truelayer.com (official website).
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