TrueLayer Raises $27M Series C+ Led by CDP Venture Capital

TrueLayer, the UK-based open banking payments network, has raised $27 million in a Series C+ round led by CDP Venture Capital. The funding was announced on October 8, 2026.

What TrueLayer Does

TrueLayer operates an open banking payments network that lets merchants accept real-time bank-to-bank payments — commonly known as Pay by Bank — as an alternative to card payments. Its infrastructure combines instant bank payments with financial and identity data.

The company's merchant partners include Amazon, Ryanair, and eBay.

Funding History

This Series C+ round adds to TrueLayer's substantial capital base. The company has raised over $320 million to date. Its most recent funding prior to this round came from strategic backers including eBay Ventures, alongside earlier investors Stripe, Tiger Global, Tencent, and Temasek.

Round Details

Round type: Series C+
Amount: $27 million
Currency: USD
Announced: October 8, 2026
Lead investor: CDP Venture Capital

Why It Matters

TrueLayer sits in the open banking payments space, where bank-to-bank transfers offer merchants an alternative to traditional card rails. With a merchant base that includes large global names such as Amazon, Ryanair, and eBay, the company has established commercial traction in the UK market.

The new capital, led by CDP Venture Capital, extends the company's Series C+ financing and follows a history of backing from both strategic and financial investors.

Acquisition Angle

For acquirers evaluating open banking infrastructure, TrueLayer presents a scaled payments network with an established merchant roster and a product spanning payments, financial data, and identity data. Its cumulative funding of over $320 million and its roster of prior investors — including Stripe, Tiger Global, Tencent, Temasek, and eBay Ventures — signal both capital intensity and strategic interest in the category.

The Series C+ round led by CDP Venture Capital provides additional runway as the company continues to build out its bank-to-bank payment infrastructure.

Summary

TrueLayer has raised $27 million in a Series C+ round led by CDP Venture Capital, announced October 8, 2026. The UK open banking payments network, whose merchant partners include Amazon, Ryanair, and eBay, has raised over $320 million to date.