---
name: TrueLayer
domain: info.truelayer.com
kind: product
relation: competitor
segment: platform payments and embedded finance
descGrounded: 0.56
---

# TrueLayer

An open banking platform selling Pay by Bank payment, payout and verification services to merchants.

**Route:** surfaced by the platform payments and embedded finance lane's de-branded queries → competitor to stripe.com.

**Why it's on the map:** Sells the same payment-acceptance and recurring-billing capability to the same merchants that shortlist Stripe, offering a card-network-free alternative that cuts out the same category of financial intermediaries.

**Receipts** (verbatim from its page this run):

> Europe&#x27;s leading open banking platform

> We’re leading the Pay by Bank revolution

> Cut out multiple middle-men taking a slice, plus all the costs associated with card fraud and chargebacks

**Edges:**

- competitor [[truelayer-com]]
- competitor [[yapily-com]]
- competitor [[finexer-com]]
