Fintech

City fintech startup TrueLayer raises $70m from Coinbase exec, Lee Fixel’s Addition

Investors known for early bets on Spotify, Peloton and Flipkart

Open banking startup TrueLayer has closed a fresh $70m capital injection, led by star dealmaker Lee Fixel’s new Addition fund.

Fixel, who previously oversaw deals at venture capital giant Tiger Global, raised an almost record-setting $1.3bn for his first fund at Addition last year. He is known for early bets on major tech firms such as Peloton, Spotify and Flipkart.

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