TrueLayer buys Dutch fintech In3 to add credit to Pay by Bank
UK open-banking network TrueLayer has acquired Dutch BNPL provider In3, becoming the first Pay-by-Bank rail in Europe to offer both debit and credit at checkout — and tightening the European challenge to card networks.
London-based open-banking infrastructure company TrueLayer announced on 29 May 2026 that it has acquired In3, a 20-person Dutch fintech specialising in consumer credit delivered via bank payments. Financial terms were not disclosed.
The deal makes TrueLayer the first Pay-by-Bank network in Europe to support both debit and credit payments at checkout. Merchants on the network will be able to offer customers an immediate bank-to-bank payment or split the same transaction into instalments without falling back to Visa, Mastercard, or a separate BNPL vendor. TrueLayer says longer-duration credit products will follow later in 2026.
TrueLayer currently reaches more than 25 million consumers across 22 countries and processes over $150 billion in annualised payment volume. The In3 acquisition follows TrueLayer’s purchase of Swedish paytech Zimpler in October 2025 and fits a broader pattern of UK and EU fintech consolidation onto European-controlled payment rails — relevant context as the European Commission’s 27 May Tech Sovereignty Package highlighted dependence on US-controlled payment infrastructure.
For European catalog watchers, this puts TrueLayer alongside Adyen and Mollie in the conversation about home-grown payment alternatives to Stripe — though TrueLayer plays at the open-banking rails layer rather than as a merchant gateway. In3’s BNPL stack also reduces dependence on Klarna and Affirm-style consumer credit providers for European merchants.
Sources: Tech.eu (29 May 2026), PYMNTS, Finextra, Open Banking Expo, IBS Intelligence.