London-based fintech startup TrueLayer, today, has announced that it has secured a $70M (nearly €59M) Series D investment round led by new investor Addition. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf (ex-Uber, Google, Twitter), and David Avgi (ex-CEO SafeCharge, CEO UniPaaS).
This round brings its total investment to date to $142M (approx €119.7M). According to the company, it will utilise this funding to fuel global expansion and accelerate the development of premium open banking-based services. It will also be used to expand TrueLayer’s engineering, product and commercial teams to meet the increasing global demand for its open banking platform.