TrueLayer Acquires in3 to Expand European Payment Network

London-based fintech innovator TrueLayer has significantly expanded its European footprint by acquiring Dutch firm in3. This strategic move integrates in3's specialized consumer credit technology, which facilitates payments directly from bank accounts in installments, into TrueLayer's established open banking platform. The acquisition aims to bolster TrueLayer's offering for merchants seeking seamless, bank-account-driven payment solutions that bypass traditional card networks.

in3, founded by Jeroen Janssen, Patrick Van De Graaf, and Jos Verkleij, has garnered substantial investor confidence, most recently securing approximately $85.3 million in May 2022 from a consortium including UK venture capital firm Force over Mass, US-based Waterfall Asset Management, and Dutch investor Finch Capital. Prior to this, in3 had also received an $11.1 million investment in March 2022 from the same group.

This acquisition follows TrueLayer's recent integration of Swedish competitor Zimpler, a deal announced in October 2025 and finalized in March 2026. Zimpler, co-founded by Johan Friis and Kristofer Ekman Sinclair, was divested by investors including Inbox Capital. These successive acquisitions underscore TrueLayer's aggressive growth strategy and its ambition to become a dominant force in European payments infrastructure.

TrueLayer, co-founded by CEO Francesco Simoneschi and CTO Luca Martinetti in 2016, has a proven track record of raising significant capital, accumulating over $322 million to date. The company already powers payment infrastructure for major fintech players like Revolut, Coinbase Global, and Robinhood Markets, serving over 25 million consumers across 22 countries. Its proprietary Pay-by-Bank technology offers merchants a direct channel to consumer bank accounts, presenting a cost-effective alternative to credit card processing fees.

The integration of in3's expertise in deferred payment solutions is particularly timely. It arrives just ahead of the UK Financial Conduct Authority's (FCA) new regulations for the deferred payment credit sector, set to take effect on July 15th. This positions TrueLayer favorably to offer compliant and innovative credit options directly at the point of sale. Hans Langenhuizen, CEO of in3, highlighted the synergy, stating, “Together, we offer merchants and consumers instant payments and flexible credit in a single checkout experience.”

Francesco Simoneschi further elaborated on the strategic advantage: “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.” This move directly challenges the established dominance of credit card networks by offering a more transparent and direct payment pathway.

TrueLayer's funding history is extensive, including a $50 million round in October 2024 led by Northzone, with participation from Tencent, Tiger Global, Temasek, and existing investor Stripe. This followed a $130 million Series E round in September 2021, led by Tiger Global Management. Earlier funding rounds include $70 million in April 2021 from investors such as Addition, Anthemis Group, Connect Ventures, Mouro Capital, Northzone, Temasek, Visionaries Club, and individuals like Zack Kanter, Daniel Graf, and David Avgi. Prior investments also came from Tencent Holdings and Temasek in 2020 ($25 million), 2019 ($35 million), and Northzone in 2018 ($7.5 million), with initial seed funding from Connect Ventures and Anthemis in 2017.