Tencent and Temasek invested $35m in TrueLayer.

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.