TrueLayer closes $27 million round led by CDP Venture Capital

European Pay by Bank network TrueLayer has completed a $27 million funding round, with Italy’s CDP Venture Capital leading the investment, according to a Techub News brief citing Finextra’s crypto channel. The company is described as a fintech firm focused on open banking and payment infrastructure. The update did not disclose additional investors, valuation terms, or the intended use of proceeds. TrueLayer is known in the report as a European player in Pay by Bank services, a segment tied to bank-based payment flows and open banking connectivity. The financing marks a fresh capital raise for the company, while the source note keeps the announcement brief and limited to the core funding facts: the amount raised, the lead investor, the company’s sector focus, and its regional identity. No further operating metrics or timeline details were provided in the source text.