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The round was led by Valar Ventures with participation from: Jake Gibson; co-founder of Nerdwallet; Francesco Simoneschi, CEO and co-founder of TrueLayer; Joyce Kim, Executive Director and founder of the Stellar Foundation; and Andrew Endicott, COO and co-founder of Petal. The company intends to use the funds to continue to expand its business and development efforts. Led by CEO Charles Yim, Fortú is a digital bank account built for the culturally contextual needs of 60 million plus Latinos and Hispanics in the U.S. Banking products are provided by LendingClub Bank, N.A., Member FDIC. Debit card issued by LendingClub Bank pursuant to a license from Mastercard, Inc. and may be used everywhere Mastercard debit cards are accepted. ....
Exclusive: Fortú, a digital bank for the Latino community, establishes headquarters in Miami bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
The company said its latest investment round was led by Addition, the venture capital firm founded by former Tiger Global partner Lee Fixel. Existing investors Anthemis Group, Connect Ventures, Mouro Capital, Northzone and Singapore s Temasek also invested. Francesco Simoneschi, TrueLayer s CEO and co-founder, said in an interview that the firm decided to raise more cash on the back of strong growth in 2020, helped in no small part by the coronavirus pandemic and a shift from consumers toward digital means of managing their finances. We were closing 2020 in an extremely positive way, Simoneschi told CNBC. We were going through an incredible year of growth, he said, adding the company saw its payment volumes spike as much as 600 times. ....
UK-based Open Banking solution provider TrueLayer has secured $70 million in capital through a Series D round. TrueLayer‘s latest investment round was led by Addition and included contributions from several angel investors. Following this latest fundraise, the Fintech firm has acquired a total of $142 million in capital, to date. Existing investors Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also took part in the Open Banking provider’s round. Launched in 2016 when Open Banking was in its early stages, TrueLayer now claims that it handles over half of the Open Banking transactions in the United Kingdom, Spain, and Ireland. During the past year, the Fintech company has managed to expand its business across 12 different markets. TrueLayer reports that it has also grown total payment volumes by around 600%. ....
TrueLayer Raises $70m to Build the World s Most Valuable Open Banking Network Series D round led by new investor, Addition, with participation by existing investors including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek. Brings total raised to date to $142m. Additional investors include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf (ex-Uber, Google, Twitter) and David Avgi (ex-CEO SafeCharge, CEO UniPaaS). Funding to accelerate global rollout of its open banking-based network and expand premium product offering. TrueLayer, Europe s leading open banking platform, today announced it has secured a $70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, fina ....