TrueLayer Acquires Dutch Fintech In3 To Expand Into Credit

With this acquisition, TrueLayer becomes the only Pay by Bank network in Europe offering both debit and credit options within a single checkout flow, strengthening its position in the evolving digital payments market.

In3 specialises in consumer credit powered by bank payments and will continue operating from the Netherlands while its technology is integrated into TrueLayer’s broader platform.

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The first product launch from the combined business will be a Buy Now, Pay Later-style offering, with additional longer-term credit products planned later this year.

The move marks a shift in European payments where account-to-account transfers have traditionally dominated but lending at checkout has remained largely card-based. By combining payments and credit, TrueLayer aims to offer merchants and consumers a unified bank-based alternative.

TrueLayer highlighted that Pay by Bank payments are rapidly gaining traction in eCommerce, now accounting for up to 17% of European online transaction value and increasingly used by major platforms.

The company said the integration will help merchants retain closer control of customer relationships while offering faster settlement and more transparent pricing compared to traditional card-based credit systems.

TrueLayer now reaches over 25 million consumers across 22 countries and processes more than $150 billion in annualised payments volume, positioning itself as one of Europe’s largest Pay by Bank networks.

Francesco Simoneschi, CEO and co-founder of TrueLayer, said: "With the addition of In3's team and their deep expertise in consumer credit, we now have the people, the network and the products to build a truly independent European payments alternative to the card networks."

"We built In3 because consumers deserved a credit option that was genuinely fair, simple and transparent. TrueLayer's network gives us the infrastructure to bring that to millions more people across Europe. Together, we are giving merchants and consumers instant payments and flexible credit in a single checkout experience," said Hans Langenhuizen, Chief Executive Officer of In3.

About TrueLayer

Founded in 2016 TrueLayer is Europe’s leading open banking payments network. The company enables businesses across the UK and Europe to make payments faster, safer and more efficiently by combining real-time bank payments with financial and identity data. Its platform helps companies onboard users, accept payments and send payouts in seconds at scale. TrueLayer powers smarter online payments for businesses of all sizes, improving speed, security and user experience across digital transactions.