After scoring $130 million from Tiger Global, TrueLayer’s Francesco Simoneschi wants open banking to bridge the gap between CeFi and DeFi

Quick Take

  • Francesco Simoneschi’s TrueLayer is an open banking infrastructure startup used by the likes of Monzo, Revolut and Starling.
  • In the wake of its funding round, Simoneschi is now toying with how open banking can iron out the crypto onboarding process.
TrueLayer CEO Francesco Simoneschi is toying with how open banking can iron out the crypto onboarding process.

Subscribe to The Block News+ to
Unlock this Feature


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC