TrueLayer: against COVID-19 ^Company

Entity: TrueLayer

Category: FinTech and Digital Economy

Description: TrueLayer provides a platform to build financial apps that connect to bank data, verify accounts, and access transactions in real time. TrueLayer uses its toolkit to develop consumer and SMB applications in the areas of payments, online lending, PFM, robot-advisors, insurance, investment services, p2p marketplaces, and cryptocurrencies. Francesco Simoneschi and Luca Martinetti founded TrueLayer on July 14, 2016.

Project: TrueLayer worldwide free

Summary: TrueLayer offers up its open banking services for free. The API builder is offering up use of its platform for free to any person or business who wants to use open banking to help in the fight against coronavirus. The fintech says the free tool can be used to help firms and governments quickly and digitally verify a person’s financial need, as well as to help charities receive instant donations without incurring card interchange fees.

+ Investors:

Anthemis Group
Northzone
Tencent Holdings