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TrueLayer raises $70m to build the world’s most valuable open banking network

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TrueLayer raises $70m to build the world’s most valuable open banking network
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TrueLayer, Europe’s leading open banking platform, today announced it has secured a $70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online.

Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf (ex-Uber, Google, Twitter) and David Avgi (ex-CEO SafeCharge, CEO UniPaaS). It brings the total investment to date in TrueLayer to $142m.

The new funding will be used to fuel global expansion and accelerate the development of premium open banking-based services that will continue to drive innovation and revenue growth for clients. It will also be used to expand TrueLayer’s engineering, product and commercial teams to meet the increasing global demand for its open banking platform.

TrueLayer’s API-first platform accounts for more than half of all open banking traffic in the UK, Ireland and Spain, processing billions of pounds in payments. It powers services for some of Europe’s fastest-growing brands, including Revolut, Trading 212 and Payoneer.

TrueLayer has a market-leading payment conversion rate that is 22% higher than other providers, according to OpenBanking UK and other bank sources, and up to 40% higher than cards. Merchants offering TrueLayer as a payment method in their checkout have found that on average, 1 in 3 consumers chose to pay via TrueLayer. As a result, open banking is displacing other payment methods, such as cards, as the default payment option online.

Over the past 12 months, TrueLayer has expanded its services across 12 European markets, growing payment volumes by 600x, and adding hundreds of new customers across digital banking, eCommerce, trading and investment, wealth management, crypto and iGaming. It has continued to innovate, for example, with the recent launch of PayDirect, combining instant pay-in capabilities with instant pay-outs, to deliver a higher converting, lower fraud method for online payments.

“When Luca and I started TrueLayer in 2016, we imagined open banking becoming a new digital channel for solving cost and complexities around payments, digital identity, credit data and much more. We wanted to open up this newly built infrastructure to many businesses and consumers. It is such a joy to see our vision coming alive and open banking based payments quickly becoming the new normal,” commented Francesco Simoneschi, CEO and Co-Founder at TrueLayer.

TrueLayer is rapidly expanding as demand for its open banking platform increases, largely driven by consumer demand for digital financial services that work better for them, and give them more control over their financial lives.

“We have achieved this milestone thanks to the hard work of our stellar team. Bringing radical new products into the hands of consumers and businesses is incredibly exciting,” explained Luca Martinetti,  Co-Founder and CTO at TrueLayer. “This new financial network we are building on top of open architectures has massive long term implications for the whole fintech ecosystem and we won’t compromise our vision in any way.”

“That is why it is so important to select investors that can help you to plan for the next 15 years, not the next 15 months,” added Simoneschi. “The Addition team thinks very long term and it has been such a pleasure working together. They complement the incredibly strong group of experienced backers who align with our vision of how financial services are evolving.”

Lee Fixel, Founder of Addition, commented: “TrueLayer is ideally positioned to benefit from the trends shaping the future of financial services as more and more companies embed digitally native payments into their platforms. We look forward to supporting the TrueLayer team as they scale their offering and drive continued innovation.”

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The World of Electronic Game

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The electronic game also known as a computer game or video game is an interactive form of a game that needs electronics to create an interactive game for players to play. This machine is operated thru video game arcades, video consoles, handheld games, or personal computers. It can also be played on smartphones and a platform connected to the smart television. Standalone systems can also be considered as video games such as slot machines. Handheld games like smartphones are part of an electronic game whether the player is playing video games online or wagering. Gambling is very common these days to people all around the world because of its convenience to wager using one’s gadget. The popularity of online casinos increases the demand for electronic games. A lot of casino sites are also gaining popularity nowadays like Allbonuscodes from Canada. The online site usually introduces new casino games with great incentives and perks such as no deposit free spins in Canada -which is truly great for gambling enthusiasts. Common Forms Electronic Game 1.Teletype Game Considered the early form of computer game. This type of game became popular in the early ’70s and it prints series of characters on paper which the player reads instead of a video display. 2.Electronic Handhelds This type of computer game is the earliest form of the dedicated console (a video game limited to one or more built-in video games distributed via ROM. Cartridges, disks, downloads, and other media). Interactive games can be played and characters are made smaller in handheld games. 3.Pinball machines An arcade game equipment on which pinball is played. Players use paddles to control one or two balls inside a pinball machine. Pinball machines are standalone system and it is glass covered completely with lights, targets, and designs inside. Players have to score many points by hitting the ball using the paddles before the balls drain down the exit. This type of arcade game became popular in the 1990s. 4.Redemption Games This type of machine is an arcade game that rewards the player proportionally to their score in the game. Its rewards are usually tickets and it is redeemable. The more skillful the player is, the more novelty tickets to win. 5.Slot Machines The all type favorite casino gambling machine which is very popular to the majority and it can be played at the land-based casino or sometimes amusement parks. It has three or four reels that spin when the button is pushed. When the object in the reel matches, then the player wins. 6.Video Games A video game is a type of game wherein the player has visual interaction towards the game that they are playing. Examples are arcade games, handheld games, or games that can be played thru a personal computer. 7.Computer Video Games Also, refer to as PC Game, it is considered as the modern type because players can play video games thru their personal computer with the aid of a stable internet connection. The player can play internet games alone or with other players. Final Insight: Electronic games have gone a long way, from the Teletech Game to the kind of mobile games that we now know. E-Games will continue evolving and entertain people.
Reading Time: 2 minutes

 

The electronic game also known as a computer game or video game is an interactive form of a game that needs electronics to create an interactive game for players to play. This machine is operated thru video game arcades, video consoles, handheld games, or personal computers. It can also be played on smartphones and a platform connected to the smart television.

Standalone systems can also be considered as video games such as slot machines. Handheld games like smartphones are part of an electronic game whether the player is playing video games online or wagering. Gambling is very common these days to people all around the world because of its convenience to wager using one’s gadget. The popularity of online casinos increases the demand for electronic games.  A lot of casino sites are also gaining popularity nowadays like Allbonuscodes from Canada. The online site usually introduces new casino games with great incentives and perks such as no deposit free spins in Canada -which is truly great for gambling enthusiasts.

Common Forms Electronic Game

1. Teletype Game

Considered the early form of computer game. This type of game became popular in the early ’70s and it prints series of characters on paper which the player reads instead of a video display.

2. Electronic Handhelds

This type of computer game is the earliest form of the dedicated console (a video game limited to one or more built-in video games distributed via ROM. Cartridges, disks, downloads, and other media). Interactive games can be played and characters are made smaller in handheld games.

3. Pinball machines

An arcade game equipment on which pinball is played. Players use paddles to control one or two balls inside a pinball machine. Pinball machines are standalone system and it is glass covered completely with lights, targets, and designs inside. Players have to score many points by hitting the ball using the paddles before the balls drain down the exit. This type of arcade game became popular in the 1990s.

4. Redemption Games

This type of machine is an arcade game that rewards the player proportionally to their score in the game. Its rewards are usually tickets and it is redeemable. The more skillful the player is, the more novelty tickets to win.

5. Slot Machines

The all type favorite casino gambling machine which is very popular to the majority and it can be played at the land-based casino or sometimes amusement parks. It has three or four reels that spin when the button is pushed. When the object in the reel matches, then the player wins.

6. Video Games

A video game is a type of game wherein the player has visual interaction towards the game that they are playing. Examples are arcade games, handheld games, or games that can be played thru a personal computer.

7. Computer Video Games

Also, refer to as PC Game, it is considered as the modern type because players can play video games thru their personal computer with the aid of a stable internet connection. The player can play internet games alone or with other players.

Final Insight:

Electronic games have gone a long way, from the Teletech Game to the kind of mobile games that we now know. E-Games will continue evolving and entertain people.

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Week 37/2021 slot games releases

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Week 37/2021 slot games releases
Reading Time: 6 minutes

 

Here are this weeks latest slots releases!

Yggdrasil, the leading worldwide publisher of online gambling content, has struck gold in its newest Infinity Reels™ hit from Bad Dingo, supplied in partnership with ReelPlay. Bad Dingo’s Golden Haul Infinity Reels™ sees players follow a friendly miner deep underground in search of glittering veins of wealth, as he blasts his way to unimaginable riches. Unique to Bad Dingo, landing the new Infinity Wild symbol extends the wild symbol across multiple reels. Hitting multiple Infinity Wild symbols at once provides for an incredible visual as the dynamite cart driving miner extends across the reels, explosions in his wake.

Yggdrasil and ReelPlay team up for Bad Dingo’s Golden Haul Infinity Reels™

 

Nolimit City is gearing up to release yet another one-of-a-kind slot gaming experience, this time travelling back in time with a blast from the past. Still feeling the effects from their most recent release, Mental, they are now ready to throw their players into a warzone where the battle for gold is in the harsh depths of a sea that swallows anything alive- Das xBoot. Das xBoot presents a 234432-reel set layout, with close to unlimited ways-to-win and a total simulated max payout of 55,200x. The game features the studio’s powerful mechanic, xWays®, along with the comeback of their renowned and perfectly fitting xMechanics, xBomb® and xNudge®.

Nolimit City traverses the dark abyss with the release of Das xBoot

 

 

AvatarUX has exclusively rolled out its eight PopWins™ hit, taking players to the plush world of the most glamourous pigs in town. Set in a glitzy, casino-style setting, PiggyPop™ sees the supplier’s iconic PopWins™ mechanic return, with each win ‘popping’, before the reel height increases and two more symbols take their place. The feature allows the reels to expand to up to six symbols in base play, and eight in the free spins mode.

AvatarUX rolls out eighth PopWins™ hit PiggyPop™

 

 

Spearhead Studios unveils a new visual identity for one of the company’s most popular titles. The Pirates of the Mediterranean has gotten a well-deserved visual makeover and is ready to greet players with an updated look & feel. Pirates of the Mediterranean Remastered is a 5X3 videoslot with ten paylines which is set to bring entertainment levels up. Players will encounter the adventurous pirate captain and his sea maiden in their quest to recover the huge riches contained inside the pirate’s coveted treasure chest. The base game includes random Walking Wilds, which can appear on any of the five reels, and which can also re-trigger.

Spearhead Studios reveals Pirates of the Mediterranean Remastered

 

1X2 Network is taking players deep underground to a mine located at the earth’s core where a team of Dwarves are harvesting rare gems and coins in Dwarven Gems Megaways™, the latest slot to leave its production line and built on the state-of-the-art GECKO framework. The long anticipated first game on Iron Dog Studio’s new framework shows the smooth gameplay and enhanced user interface that 1X2 Network’s teams have talked about in the lead up to this release. The robust and flexible framework is set to form the basis of the portfolio for a long time to come and has been built from the ground up with the end user in mind. Dwarven Gems Megaways™ showcases the best of the framework well and is sure to leave operators and players excited for more content built upon it.

Mine for big wins in Dwarven Gems Megaways™

 

On September 15, 2021, True Lab’s new circus-themed slot made its public debut.
Inspired by carnival vibes, the game is pulsing with flashy visuals, taking players into a careless atmosphere of celebration. The slot offers 243 cascading pay ways, impressive potential winnings of up to x10,000 the bet, and a variety of authentic features. Joining in cascades, the symbols disappear into thin air, like the greatest acrobats and masters of illusion, repeating the act until the last combo on the reels.

New game: Circus Fruits by TrueLab

 

 

Playson has made a scorching addition to its Timeless Fruit Slots portfolio with the launch of Hot Burning Wins. This nostalgic 3×3 title features the classic five paylines which pay from left to right, delivering a relaxed and simplistic playing experience that is appealing to a wide audience. The fruit machine style slot has a premium front-end design with photorealistic fruit symbols that players are accustomed to with Playson’s Timeless Fruit Slots portfolio. The game is packed with quality drawings of watermelons, grapes, plums, lemons, oranges and cherries, along with its top-paying symbols BARs, golden bells and iconic red Sevens.

Playson unveils a classic with Hot Burning Wins

 

 

Blueprint Gaming has unveiled its latest slot Eternal Phoenix Megaways™ that includes the popular Power Play mode, allowing players to have more control over their Megaways experience. For an additional cost, players of this slot adventure are guaranteed a minimum number of Megaways™, offering the chance to experience bigger wins, greater cascades and a higher frequency of triggering the bonus.

Blueprint Gaming gets fired up with Eternal Phoenix Megaways™

 

 

Yggdrasil, the leading worldwide publisher of online gambling content, has partnered with 4ThePlayer to release its latest unique YG Masters creation 10x Rewind™. The title is set to blast players back to the past with the Rewind Time Win Spin mechanic, which reverses time to repeat previous wins. To trigger this unique mechanism, three Win Spin scatter symbols must land, only appearing on reels 1, 3 and 6. Past wins are taken to a new level during this feature, boosted by an increasing win multiplier. Where previous wins do not exist, random wins will be generated.

Yggdrasil and 4ThePlayer transition to a new dimension with time-travelling slot 10x Rewind™

 

Fans of the Dead Series are in for a treat with Play’n GO’s latest release, Ghost of Dead. Ghost of Dead introduces us to the living spirit, Akh. Ancient Egyptians believed that, in death, vitality and soul combine to create Akh, who can take on any form and is free to roam the world. Now, Pharoah Unas’s spirit has been resurrected. Unas uses his new-found magic to guide worthy mortals to his hidden treasure. Players of the Dead Series will see familiarities throughout the game. Ghost of Dead is a classic 5×3 slot; the expanding symbol seen in previous games takes its place here too. This is a game with huge potential as players can win up to x10000 their bet.

Play'n GO awaken Akh as the Dead Series continues

 

BGaming starts the autumn festive season by celebrating Oktoberfest! Fruit Million – the first shapeshifter slot in the brand’s lineup – has converted into a Bavarian-style game! Arranged in the 19th century for the first time, Oktoberfest is still one of the most famous and captivative festivals on the globe! Every year it brings together millions of beer-lovers who have fun on the Munich streets. Due to a pandemic, the open-air Oktoberfest-2021 was canceled but it’s not a reason to miss a bright holiday! BGaming invites players to celebrate it with the Fruit Million slot!

Celebrate Oktoberfest with BGaming: Fruit Million slot changes its look to Bavarian!

 

Pragmatic Play, a leading content provider to the IGaming industry, has cast a line deeper than ever before and snagged a real catch with new release, Bigger Bass Bonanza. A continuation of its hugely popular predecessor, Bigger Bass Bonanza provides players with an extended set of reels and the opportunity to win up to 4000x their stake, virtually doubling the original game’s maximum multiplier value. Based in a neon-lit harbour with tropical surroundings resembling Miami, players will need to keep an eye out for various rewards and prizes. As before, three or more scatter symbols during base play will trigger the Free Spins feature and 10 spins, with any additional scatter symbol adding five spins to the count.

PRAGMATIC PLAY HEADS OUT TO DEEP WATERS IN BIGGER BASS BONANZA

 

 

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Compliance Updates

Northern Ireland Gambling Amendment Bill Reaches Assembly

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Reading Time: < 1 minute

 

New regulations for the gaming industry in Northern Ireland have been introduced this week in the country’s Assembly, significantly amending the current laws.

The Betting, Gaming, Lotteries and Amusements (Amendment) Bill creates new offences in permitting children to play gaming machines and provides powers to impose a statutory levy on gambling operators.

It establishes a mandatory code of practice for licence holders, broadens the definition of cheating to include attempted cheating, makes gambling contracts enforceable in law and permits bookmakers and bingo clubs to open on Sundays and on Good Friday.

The minimum age for minors to play a gambling machine is now 18 and it will become an offence to invite a person below that age to play. Previously, it was not an offence to permit an under-age person to gamble.

The statutory levy on gambling operators will be employed in a manner similar to the practice in England, where the money raised is used for community projects and treatment of problem gamblers.

An overhaul of online gambling legislation will form a second phase of the changes to Northern Ireland’s gambling scene and will follow after discussions.

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