London’s scaleup TrueLayer, a firm that Francesco Simoneschi (ceo) and Luca Martinetti (cto) founded in 2016 raising since then 322 million US Dollars, said it acquired Dutch in3, a fintech for consumer credit through banking payments that Jeroen Janssen, Patrick Van De Graaf and Jos Verkleij launched (press release).
TrueLayer will integrate in its platform the target’s Buy Now Pay Later proprietary model and technology for wires through bank accounts. In May 2022, in3 attracted 85.3 million US Dollars from British venture capital Force over Mass, US Waterfall Asset Management and Dutch Finch Capital (press release) which in March 2022 poured 11.1 million US Dollars (press release).
TrueLayer operates in 22 countries and reaches over 25 million consumers while providing fintech Revolut, Coinbase Global, Robinhood Markets, and others with the tech infrastructure.
TrueLayer also developed the Pay-by-Bank technology which enables merchants to receive payments directly from consumers’ bank accounts, rather than relying on other costly payment methods such as credit cards.
In March 2026, TrueLayer closed the acquisition of Swedish competitor Zimpler, a company that Johan Friis and Kristofer Ekman Sinclair founded in 2012, (press release) after having announced the deal in October 2025 (press release and a previous post by BeBeez). Inbox Capital and other investors sold the asset (Linkedin).
Hans Langenhuizen, the in3 ceo, said: “We created in3 because consumers deserved a credit option that was truly fair, simple and transparent. TrueLayer’s network provides us with the infrastructure to offer this solution to millions more people across Europe. Together, we offer merchants and consumers instant payments and flexible credit in a single checkout experience”.
Simoneschi, the ceo of TrueLayer, added: “Consumers can now choose to pay immediately or in instalments to wire directly from their current account. Such methods successfully challenged the dominance of credit cards at the point of payment for years. With the addition of the in3 team and their deep expertise in consumer credit, we now have the people, the network and the products needed to build a European payment alternative that is truly independent of credit card networks.”
The agreement comes ahead of the UK FCA’s first round of regulations for the deferred payment credit sector which will come into force on 15 July, Wednesday.
In October 2024, TrueLayer attracted 50 million US Dollars from Northzone (lead investor), Tencent, Tiger Global, Temasek, and Stripe which previously invested in the company (see here a previous post by BeBeez). Such fundraising was the extension of a 130 million US Dollars Series E round of September 2021 that Tiger Global Management led (see here a previous post by BeBeez).
In April 2021, TrueLayer raised 70 million US Dollars from Addition, a venture capital that former partner and private equity head of Tiger Global Management Lee Fixel launched, Anthemis Group, Connect Ventures, Mouro Capital, Northzone, Singapore’s Temasek, Visionaries Club, Zack Kanter, Daniel Graf, and David Avgi.
In October 2020, TrueLayer secured 25 million US Dollars from China’s Tencent Holdings, Temasek, Northzone, Connect, and others (see here a previous post by BeBeez). In June 2019, the scaleup attracted 35 million US Dollars from Tencent Holdings and Temasek (see here a previous post by BeBeez) while in July 2018 it secured 7.5 million US Dollars from Northzone (see here a previous post by BeBeez). In 2017, TrueLayer received one million US Dollars from Connect Ventures and 3 million US Dollars from Anthemis.
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