Tencent, Temasek Invest $35 Million in U.K. Open-Banking Startup
- TrueLayer will use money to expand across Europe, Asia
- Company said it will connect most European banks by year’s end
This article is for subscribers only.
Chinese technology giant Tencent Holdings Ltd. and Singapore government-owned fund Temasek is to invest $35 million in London-based TrueLayer.
The three-year-old fintech startup sells open-banking software, which lets people share or aggregate their financial information from different providers.