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TrueLayer, the open banking API provider, discloses investment and partnership with Visa

TrueLayer, the London startup that’s built a developer API platform for fintechs and other adjacent companies to utilise open banking, has agreed a strategic and commercial relationship with Visa.

Francesco Simoneschi, CEO and co-founder of TrueLayer tells me the Visa partnership will enable the fintech to work with a “huge network” of businesses and banks to help them to develop open banking services and applications that will “provide tangible benefits” to customers.

“Our view is that any initiative that enables more businesses to embrace open banking is good for everybody involved — from fintechs to consumers,” says the TrueLayer CEO.

“Our partnership with TrueLayer is another example of how we’re investing in companies that offer next generation services, enabling innovation and convenience for clients and consumers alike,” he says.

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