Examining Top 25 Competitors of TrueLayer
Examining Top 25 Competitors of TrueLayer
TrueLayer, an open banking solutions provider, is an industry leader in delivering data, payments, and verification services. Its platform has transformed how businesses, particularly within fintech, eCommerce, and iGaming, can effectively set up payments, verify account ownership, and access bank account information. The open banking sector is becoming increasingly competitive with numerous companies offering diverse solutions. These businesses aim to streamline access to financial data, improve the payments experience, and increase business efficiency within banking operations. The growth of this industry alludes to its potential dominance in shaping the future of banking and finance.
Top 25 TrueLayer competitors
1. Kontomatik
- Website: kontomatik.com
- Headquarters: Warsaw, Masovian, Poland
- Founded: 2009
- Headcount: 11-50
- Latest funding type: Series Unknown
Kontomatik offers open banking solutions for businesses, providing access to account information, identity verification, income and spending checks, risk analysis, and transaction labeling. Their software runs in the cloud and is offered in the SaaS model, allowing companies to securely and efficiently analyze customer financial data.
2. Token
- Website: token.io
- Headquarters: Aldgate, England, United States
- Founded: 2015
- Headcount: 51-200
- Latest funding type: Series C
Token.io is an open banking platform that enables faster, lower cost account-to-account payments and access to financial data. It provides a single interface and integration for developers to connect to banks in Europe and offers solutions protected by payment grade security. Token's technology powers open banking payment propositions for global brands, and its solutions are deployed on robust, secure, and scalable platforms. With Token, businesses can reinvent financial experiences, access richer customer data, and drive personalized, anticipatory customer experiences.
3. Tink
- Website: tink.com
- Headquarters: Stockholm, ., Sweden
- Founded: 2012
- Headcount: 201-500
- Latest funding type: Acquired
Tink is a European open banking platform that connects lenders to consumers' bank data, allowing for real-time assessments based on consumers' financial behavior. With more accurate data in risk assessments, lenders can accept more customers with less risk.
4. Belvo
- Website: belvo.com
- Headquarters: Cdmx, Distrito Federal, Brazil
- Founded: 2019
- Headcount: 51-200
- Latest funding type: Series Unknown
Belvo is an open finance platform that enables businesses to connect to their users' accounts, access financial data, and perform transactions. It offers a range of services including financial data aggregation, categorization, income verification, risk analysis, and bank-to-bank payments.
5. Neonomics
- Website: neonomics.io
- Headquarters: Oslo, Oslo, Norway
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Series Unknown
Neonomics is a white-label payment solution provider that offers easy integration and user-friendly payment forms. Users can aggregate their bank accounts in one app for a comprehensive view of their finances. The company provides real-time bank account data integration and instant verification of customer account details. Neonomics is known for its swift implementation and cost-saving transaction solutions.
6. finAPI
- Website: finapi.io
- Headquarters: Munich, Bayern, Germany
- Founded: 2008
- Headcount: 51-200
- Latest funding type: Acquired
finAPI is a company that provides financial API services and solutions. They offer transaction categorization and labeling services, as well as bank repository and bank integration services. They also provide identity verification and compliance services according to legal requirements.
7. Finicity, a Mastercard Company
- Website: finicity.com
- Headquarters: Murray, Utah, United States
- Founded: 2000
- Headcount: 501-1000
- Latest funding type: Acquired
Finicity is a company that specializes in financial data aggregation and account verification services. They provide an open banking platform and offer solutions for lending, mortgage, and financial institutions. With their API essentials and developer documentation, they enable developers to access and utilize their data tools. Finicity's key capabilities include managing account history, statements, transactions, and pay account details.
8. Yapily
- Website: yapily.com
- Headquarters: London, England, United Kingdom
- Founded: 2017
- Headcount: 51-200
- Latest funding type: Non Equity Assistance
Yapily is an open banking infrastructure platform that offers API solutions for data and payments. They provide comprehensive documentation and a single interface for managing integrations, allowing businesses to create seamless user experiences for their customers.
9. Nordigen
- Website: nordigen.com
- Headquarters: Riga, Riga, Latvia
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Acquired
Nordigen is a company that provides open banking services, allowing customers to access and control their personal banking data. They offer innovative solutions and exceptional products to empower individuals and businesses. With a focus on autonomy, experimentation, and growth, Nordigen is a leading player in the industry.
10. Flinks
- Website: flinks.com
- Headquarters: Montreal, Quebec, Canada
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Series B
Flinks is a financial data services company offering open banking APIs and data tools that enable businesses to access and utilize users' financial data securely and reliably. Their products and solutions help optimize loan underwriting, accelerate money transfers, deliver a winning open banking program, and provide data analytics for retail and business banking.
11. Plaid
- Website: plaid.com
- Headquarters: San Francisco, California, United States
- Founded: 2013
- Headcount: 501-1000
- Latest funding type: Series D
Plaid.com is a platform that allows individuals and businesses to safely connect their accounts and control access to them. Through a streamlined experience, Plaid helps people access capital and offers up to 24 months of categorized data. They provide connections that enable secure data sharing and have a focus on identity verification and risk assessment.
12. Yolt
- Website: yolt.com
- Headquarters: Amsterdam, North Holland, Netherlands
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Undisclosed
Yolt is a digital money management platform that offers open banking solutions to businesses and individuals. It provides access to account information, payment initiation services, data enrichment, and cashflow analysis. With a focus on security, stability, and reach across Europe, Yolt aims to bring the power of open banking to businesses and consumers.
13. Brankas
- Website: brankas.com
- Headquarters: Central Region, Singapore, Singapore
- Founded: 2016
- Headcount: 51-200
- Latest funding type: Series B
Brankas is a financial technology company that provides open source composable banking solutions to banks, e-wallets, and lenders. They offer a range of products and solutions including account opening, fund transfers, financial data retrieval, income identification, expense categorization, and payment infrastructure.
14. Salt Edge
- Website: saltedge.com
- Headquarters: Ottawa, Ontario, Canada
- Founded: 2013
- Headcount: 51-200
- Latest funding type: Series Unknown
Salt Edge offers a one-stop shop solution for businesses to build innovative services by providing direct and real-time access to financial data from over 5,000 financial institutions in 50+ countries. Their platform helps customers manage their cash flows efficiently by offering a comprehensive tool for accessing reliable and up-to-date bank data for multiple entities across European countries.
15. Mx
- Website: mx.com
- Headquarters: Lehi, Utah, United States
- Founded: 2010
- Headcount: 501-1000
- Latest funding type: Series C
MX is a company providing open finance APIs to enable companies to do more with financial data. They offer secure data verification and enhancement through their robust data engine.
16. Open Bank Project
- Website: openbankproject.com
- Headquarters: Berlin, Berlin, United States
- Founded: 2012
- Headcount: 11-50
- Latest funding type: Seed
Open Bank Project offers an open source API for banks allowing access to account data, transaction history and counterparties.
17. Buckzy Payments Inc.
- Website: buckzy.net
- Headquarters: Toronto, Ontario, Canada
- Founded: 2018
- Headcount: 51-200
- Latest funding type: Series A
Buckzy Payments Inc. is a cross-border payments network and embedded finance platform that offers a variety of tools and services for businesses including multi-currency accounts, real-time payments, and treasury management. Their comprehensive and cost-effective solutions allow customers to scale their digital banks and deliver smarter customer experiences.
18. banqware (part of Unifiedpost Group)
- Website: banqware.com
- Headquarters: Warszawa, Mazowieckie, Poland
- Founded: 2016
- Headcount: 11-50
Banqware is an API-driven platform for open banking solutions, allowing banks and fintech companies to access European banking APIs. It helps them create innovative solutions, analyze banking data, and cross-sell existing products.
19. DirectID
- Website: direct.id
- Headquarters: Edinburgh, City Of Edinburgh, Indonesia
- Founded: 2010
- Headcount: 11-50
- Latest funding type: Series A
DirectID is a global fintech company specializing in credit risk, risk analytics, and predictive modeling. They use bank transaction data to make informed credit and risk decisions, reducing fraud and improving efficiency. DirectID offers open banking data solutions, including APIs and platforms, to help businesses make faster and more accurate risk assessments.
20. Envestnet | Yodlee India
- Website: yodlee.com
- Headquarters: Redwood City, California, United States
- Founded: 1999
- Headcount: 1001-5000
Envestnet | Yodlee offers data aggregation, analytics, account verification, and easy-to-implement APIs to help customers maximize the value of their data. Their products enable wealth management unification and provide deep insights into customer needs through transaction data enrichment.
21. FinTecSystems
- Website: fintecsystems.com
- Headquarters: München, Bayern, Germany
- Founded: 2014
- Headcount: 51-200
- Latest funding type: Acquired
FinTecSystems is a leading Open Banking Infrastructure FinTech that offers innovative solutions for age verification, credit checks, online payments, fraud management, personal finances, and identity and KYC verification. They provide reliable and secure services based on real-time analysis of bank account information, eliminating the need for external databases or service providers.
22. FriendlyScore
- Website: friendlyscore.com
- Headquarters: London, London, United Kingdom
- Founded: 2014
- Headcount: 11-50
FriendlyScore provides a simple way for businesses to access and understand their customers' financial habits through easy and regulated access to bank account data.
23. Amcwale
- Website: finexer.com
- Headquarters: Faridabad, Haryana, India
- Founded: 2019
- Headcount: 51-200
Finexer offers financial innovations for business needs which include data aggregation from multiple financial institutions, instant payments, and customer identity verification through banking infrastructure.
24. Powens
- Website: powens.com
- Headquarters: Paris, Ile-De-France, France
- Founded: 2012
- Headcount: 51-200
Powens is an Open Finance Platform that allows users to initiate payments and aggregate all financial data & documents they need from over 1800 institutions using a single API and unified development environment.
25. FinLync
- Website: finlync.com
- Headquarters: New York, New York, France
- Founded: 2015
- Headcount: 51-200
- Latest funding type: Series Unknown
FinLync is a company that simplifies bank connectivity by connecting to multiple banks with a single endpoint. They offer real-time bank data solutions for corporate treasury and finance, including payment tracking, cash visibility, and financial close process automation. Their core product, BankLync, is a comprehensive API aggregator that powers global multi-bank connectivity. FinLync's expertise lies in delivering plug-and-play bank API connectivity, enabling companies to optimize liquidity management and advance to on-demand bank data.
Want to find more TrueLayer competitors?
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