Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day Fintech Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, Morning Wire can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
Truelayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard Fintech The chief executive of fintech unicorn Truelayer has suggested bottom-line profitability and a potential IPO are some ways off as he focuses on scaling up to challenge Visa and Mastercard’s payments duopoly.