What it sells
Open banking payments network: Pay by Bank payments, payouts, verification and data APIs.
Business model breakdown
Buyer: who owns the budget?
UnverifiedMerchant payments/finance leaders seeking lower-cost payment options.
Trigger: what makes them buy now?
Rising card fees and lack of payment choice for merchants.
Workflow: what inputs become what output?
Merchant offers Pay by Bank at checkout; shopper authorises in their banking app by biometrics; funds settle without card networks; TrueLayer also handles payouts, bank-on-file and verification.
Economics: what it saves and how it charges
UnverifiedPayments infrastructure earning per-transaction fees (inferred); pitch is lowering payment costs by 40% versus cards and raising AOV 20% (Papa Johns / lastminute.com cases).
Distribution: how it reaches customers
Sales-led 'Talk to us' plus developer docs/console.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-10-09 | — | $27M | — | thesaasnews.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.