The funding round was led by CDAM with participation from Mouro Capital, Iona Star, Flintlock Capital, and Susquehanna Private Equity Investments.
"We’re excited to be partnering with such an experienced group of investors with deep expertise in the fintech space. This funding underlines the demand we’re seeing for our breakthrough tech which cuts time-to-launch, costs, and risk for banks and other businesses looking to innovate. The next 18 months will see us scaling rapidly with new solutions in retail and commercial banking, loyalty and rewards, wealth and asset management, and reg-tech markets worldwide."
The seed round was led by Mouro Capital with backing from Anthemis, Foxe Capital, and Portfolio Ventures.
"We are extremely excited to bring this evolution in payments to the world. The payments experience should be the same for everyone, regardless of channel. In-store we pay by tap and PIN, which is globally trusted and familiar, and now, for the first time ever, we’re enabling the same process in online channels. Simple, secure, and scalable. The way it should be."
The Series D round was led by Addition and will fund international expansion and product development.
"When Luca and I started TrueLayer in 2016, we imagined open banking becoming a new digital channel for solving cost and complexities around payments, digital identity, credit data and much more. We wanted to open up this newly built infrastructure to many businesses and consumers. It is such a joy to see our vision coming alive and open banking based payments quickly becoming the new normal"
The funding round was led by Mouro Capital with participation from existing backers and angel investors.
"Uncapped was born out of frustrations I faced launching and running my first business. I didn’t want to take financing from the banks because they all wanted personal guarantees. Venture capital wasn’t ideal either as I didn’t want to lose equity, so I repeatedly missed out on growth opportunities. With this further funding Uncapped is ideally positioned to help hundreds of more businesses across the UK and Europe grow to their full potential."
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