Valuation : $ 1bn Latest funding round : $ 130mn

The UK-based fintech TrueLayer achieved Unicorn status in September 2021 following a $ 130mn mega funding round . The open banking platform processed billions in payments in 2021 and experienced an incredible 400 % growth in monthly payment volume and 800 % growth in monthly payment value . The company also doubled its customer base in 12 months . Currently , TrueLayer boasts more than 95 % coverage and accounts for more than half of all open banking traffic in the UK . The company has stated the latest finding will enable it to break into new marketplaces globally .

Valuation : $ 1bn Latest funding round : $ 138mn

The fintech industry in China has had a tricky time of late , with new regulatory directives that have placed a number of restrictions on the way fintechs operate within mainland China . However , Xtransfer , offers cross border payment , B2B payment , offshore account , foreign exchange , and other services – an area of fintech in Asia that remains highly opportunistic for startups and investors . Based in Shanghai and founded in 2017 , Xtransfer is also China ' s leading one-stop crossborder financial services and risk management company .

140 February 2022