TrueLayer secures $27m led by CDP Venture Capital to expand its European payment network.
The funding round was led by CDP Venture Capital to support the company's growth in Milan and broader payment infrastructure efforts.
≈ £20.5M at $1 = £0.7581 on 8 Oct 2026
TrueLayer operates a digital payment network that enables bank-to-bank transactions across multiple European countries.
London-based fintech TrueLayer has secured $27m in a new funding round led by Italy's CDP Venture Capital. The company plans to use the capital to further its footprint in Milan and scale its Pay by Bank network across Europe as an alternative to traditional US card networks.
TrueLayer operates across 22 countries, serving tens of millions of consumers and processing transactions for major merchants like Amazon and eBay. The latest investment follows a series of recent expansions, including the acquisitions of Zimpler and in3.
From the founder
"We started TrueLayer with a simple belief: Europe deserves payment infrastructure built in Europe. Having Italy back that belief means a great deal to us personally, especially to our talented team in Milan, who work hard every day to build the future of European payments"
Francesco Simoneschi
Co-founder and CEO at TrueLayer
Investor perspective
"Europe needs payment infrastructure it owns and controls, and we are investing across the continent to help build it. TrueLayer is a clear example of what that looks like in practice, with a network already operating at scale in 22 countries. Our role is to back Italian talent, and the engineering team in Milan is developing the skills and the technology that will keep Italy at the centre of European payments for years to come"
Mario Branciforti
Head of Large Ventures fund, CDP Venture Capital
Use of funds
- 01Expand into international markets
