13 Mar 2026AMI Labs $1B Seed, NScale $2B C, Anthropic Sue, Lovable & Sequoia Join
1:09:5821 min
Francesco Simonesci (TrueLayer): Pay by Bank & Agentic Commerce
TrueLayer's CEO explains how the company started in 2016 as an open banking aggregation layer and pivoted around 2019-2020 when payment volumes spiked; today its rails sit in Amazon and eBay checkouts with ~25M users growing about a million per month. On agentic commerce, he expects gradual adoption — search to shopping discovery to agent workflows — warns merchants won't easily cede the checkout, and says crypto's programmability suits agent-to-agent payments. He frames payments as critical national infrastructure and says TrueLayer is working with the UK Treasury on payment sovereignty.