TrueLayer, a European Pay by Bank network, revealed last week that it has acquired in3, a Dutch fintech specialising in consumer credit via bank payments, making it the only Pay by Bank network on the continent to offer both debit and credit at the point of checkout.
Founded in the Netherlands, in3 is a Buy Now Pay Later provider serving millions of consumers and thousands of merchants.
Unlike conventional BNPL firms built on card infrastructure, in3 developed a credit model designed specifically for account-to-account payments, with transparent pricing and no hidden fees.
The acquisition allows consumers to choose between paying immediately or over time through the same Pay by Bank experience, with credit delivered directly from their bank account and authenticated at the point of transaction.
TrueLayer said Buy Now Pay Later would be its first credit product to launch, with longer-duration credit products to follow later this year.
Francesco Simoneschi, chief executive and co-founder of TrueLayer, said: “Today we are doing for credit what we have already achieved for debit. For the first time, consumers can choose to pay instantly or over time, directly from their bank account, through the same Pay by Bank experience they already know.
“With the addition of in3’s team and their deep expertise in consumer credit, we now have the people, the network and the products to build a truly independent European payments alternative to the card networks.”
TrueLayer’s network reaches more than 25 million consumers across 22 countries and processes over $150 billion in annualised payment volume.
The acquisition follows TrueLayer’s purchase of Swedish paytech Zimpler in October 2025 and arrives ahead of the first wave of FCA regulation for the UK deferred payment credit sector, due to take effect in July 2026.
Published: June 1, 2026