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Truelayer vs Plaid

Truelayer vs Plaid

See how Plaid and Truelayer stack up. Explore their features, use cases, and compliance to find the open-banking provider that best supports your business goals.

Introduction

Introduction

How does TrueLayer compare with Plaid?

Plaid and TrueLayer both offer payments infrastructure supporting open banking–enabled, compliant payment flows for businesses. Plaid focuses on broad financial institution connectivity, linking to more than 12,000 institutions and supporting use cases across Europe and North America, with payment and data services designed for scale. TrueLayer, on the other hand, provides a Europe-focused open banking platform for payments and account data, with white-labelled capabilities and usage across digital-first industries such as ecommerce and travel.

Introduction

How does TrueLayer compare with Plaid?

Plaid and TrueLayer both offer payments infrastructure supporting open banking–enabled, compliant payment flows for businesses. Plaid focuses on broad financial institution connectivity, linking to more than 12,000 institutions and supporting use cases across Europe and North America, with payment and data services designed for scale. TrueLayer, on the other hand, provides a Europe-focused open banking platform for payments and account data, with white-labelled capabilities and usage across digital-first industries such as ecommerce and travel.

This information is provided for general informational purposes only and is based on publicly available sources as of January 2026. It is intended solely to describe certain third party products and services in a factual and non evaluative manner. We do not represent, endorse, or have any affiliation, partnership, or commercial relationship with any third party provider unless explicitly stated. Product features, service scope, and regulatory permissions may change over time and may differ depending on jurisdiction. Readers should independently verify any information directly with the respective provider before making business or commercial decisions. All third party product names, trademarks, and logos are the property of their respective owners. For corrections or updates, please contact shifa.rahaman@getivy.io.

This comparison is based on publicly accessible information as of January 2026. Where specific product information could not be identified or verified from public sources with reasonable effort, it is indicated as “not specified.” This reflects limitations of publicly available information only and does not imply the absence or inferiority of any feature or service. Product offerings and regulatory status may change over time. This comparison is provided for informational purposes only and does not constitute an exhaustive market assessment. Product offerings, features, regulatory permissions, and commercial terms may change over time. Readers should independently verify any information directly with the respective provider before making business or commercial decisions. All third party product names, trademarks, and logos are the property of their respective owners. No affiliation, partnership, endorsement, or commercial relationship with any third party provider is implied by this comparison. For any comments, concerns or changes, reach out to shifa.rahaman@getivy.io.

This information is provided for general informational purposes only and is based on publicly available sources as of January 2026. It is intended solely to describe certain third party products and services in a factual and non evaluative manner. We do not represent, endorse, or have any affiliation, partnership, or commercial relationship with any third party provider unless explicitly stated. Product features, service scope, and regulatory permissions may change over time and may differ depending on jurisdiction. Readers should independently verify any information directly with the respective provider before making business or commercial decisions. All third party product names, trademarks, and logos are the property of their respective owners. For corrections or updates, please contact shifa.rahaman@getivy.io.

This information is provided for general informational purposes only and is based on publicly available sources as of January 2026. It is intended solely to describe certain third party products and services in a factual and non evaluative manner. We do not represent, endorse, or have any affiliation, partnership, or commercial relationship with any third party provider unless explicitly stated. Product features, service scope, and regulatory permissions may change over time and may differ depending on jurisdiction. Readers should independently verify any information directly with the respective provider before making business or commercial decisions. All third party product names, trademarks, and logos are the property of their respective owners. For corrections or updates, please contact shifa.rahaman@getivy.io.

Versus

Versus

Versus

Truelayer vs Plaid

Here’s a breakdown of Truelayer and Plaid across products, compliance, use cases, and regions.

Product

Instant Payments

Instant Payments

Instant Payments

Manual Bank Transfer

Not Specified

Not Specified

Manual Bank Transfer

Not Specified

Not Specified

Manual Bank Transfer

Not Specified

Not Specified

Multi-Currency Accounts

Not Specified

Not Specified

Multi-Currency Accounts

Not Specified

Not Specified

Multi-Currency Accounts

Not Specified

Not Specified

Stablecoin Settlement

Not Specified

Not Specified

Stablecoin Settlement

Not Specified

Not Specified

Stablecoin Settlement

Not Specified

Not Specified

End-User Virtual Ibans

Not Specified

End-User Virtual Ibans

Not Specified

End-User Virtual Ibans

Not Specified

Instant Fiat Payouts

Instant Fiat Payouts

Instant Fiat Payouts

Stablecoin Payouts

Not Specified

Not Specified

Stablecoin Payouts

Not Specified

Not Specified

Stablecoin Payouts

Not Specified

Not Specified

Recurring Payments

Recurring Payments

Recurring Payments

Account Information Services

Account Information Services

Account Information Services

Features

Smart Routing Engine

Not Specified

Not Specified

Smart Routing Engine

Not Specified

Not Specified

Smart Routing Engine

Not Specified

Not Specified

Conversion Rates

High

High

Conversion Rates

High

High

Conversion Rates

High

High

Coverage

High

12000+ financial institutions

Coverage

High

12000+ financial institutions

Coverage

High

12000+ financial institutions

Fraud Prevention

Fraud Prevention

Fraud Prevention

White Labelling

Not Specified

White Labelling

Not Specified

White Labelling

Not Specified

Support

Dedicated Account Managers

Premium Support

Support

Dedicated Account Managers

Premium Support

Support

Dedicated Account Managers

Premium Support

Industry

Crypto

Crypto

Crypto

Financial Services

Financial Services

Financial Services

Marketplaces & ECommerce

Marketplaces & ECommerce

Marketplaces & ECommerce

Trading

Trading

Trading

Plaid and TrueLayer are both payments infrastructure providers supporting fast, compliant open banking flows for businesses. Plaid supports instant and recurring payments, account information services, and instant fiat payouts, with connectivity across more than 12,000 financial institutions. Its platform includes fraud prevention, limited white-labelling, and high conversion rates, with coverage across Europe and North America.

TrueLayer also supports instant and recurring payments alongside account information services and instant fiat payouts. Its platform includes fraud prevention, white-labelling, and high conversion rates, with support through dedicated account managers. TrueLayer is used across financial services, iGaming, marketplaces and ecommerce, and travel, with coverage focused on Europe.

Use Plaid if you

  • Need connectivity across a large number of financial institutions

  • Operate across Europe and North America

Use TrueLayer if you

  • Operate in ecommerce, travel, or digital services

  • Want white-labelled payments with direct account support

Ready for the future of money?

Ready for the future of money?

Ready for the future of money?

Ready for the future of money?

Money, at internet speed

Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.

Money, at internet speed

Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.

Money, at
internet speed

Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.

Money, at internet speed

Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.