MergerLinks Header Logo

Announced

Tencent and Temasek invested $35m in TrueLayer.

Synopsis

Chinese technology giant Tencent and Temasek, a Singaporean holding company, invested $35m in TrueLayer, a fintech startup which sells open-banking software, which lets people share or aggregate their financial information from different providers. The company said it would use the funding to expand across Europe, with a goal of connecting most of the continent’s banks by the end of the year. It would consider expanding to Asia and Australia and so was eager to attract investors from that region, Francesco Simoneschi, TrueLayer’s co-founder and chief executive officer, said in the statement.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US