TrueLayer, an open banking startup that provides financial data to Revolut, Cazoo and Nutmeg, is now valued at more than $1bn after closing a $130m funding round.

Coinbase and Square backer Tiger Global led the round, which also included investment from payments firm Stripe. The raise was TrueLayer’s second funding injection this year, after it landed $70m from star dealmaker Lee Fixel’s Addition fund in April.