Undisclosed · Fintech
TrueLayer raises $27m as it expands its Italian engineering base
CDP Venture Capital’s Large Ventures fund leads the investment in the Pay by Bank company.
TrueLayer announced a $27 million investment on 8 October 2026, led by CDP Venture Capital through its Large Ventures fund, alongside new and existing investors. The London company is strengthening its Italian presence as it expands its European account-to-account payments network.
Italy accounts for about a quarter of TrueLayer’s workforce, with 70 people and an engineering hub in Milan. The company expects to keep hiring there through 2027, developing products that let businesses accept payments directly from customers’ bank accounts.
Use of funds
Italian engineering hub
Pay by Bank infrastructure
Hiring through2027
Funding history
Undisclosed · This round$27M