Software Alternatives, Accelerators & Startups

Wealthfront VS TrueLayer

Compare Wealthfront VS TrueLayer and see what are their differences

Wealthfront logo Wealthfront

Automated, low cost investment service

TrueLayer logo TrueLayer

Simple Bank APIs to access real-time financial data
  • Wealthfront Landing page
    Landing page //
    2023-09-14
  • TrueLayer Landing page
    Landing page //
    2023-09-28

Wealthfront videos

WEALTHFRONT REVIEW: PROS AND CONS

More videos:

  • Review - WEALTHFRONT REVIEW: 3 MONTHS LATER
  • Review - This Is How Much My Wealthfront Returns Are After 4 Years

TrueLayer videos

Building Open Banking API Layers with TrueLayer

More videos:

  • Review - API-based fintechs take the next steps: Plum generate payments via TrueLayer | Homescreen | Ep 53

Category Popularity

0-100% (relative to Wealthfront and TrueLayer)
Finance
100 100%
0% 0
Online Payments
0 0%
100% 100
Fintech
69 69%
31% 31
Recurring Billing
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Wealthfront and TrueLayer

Wealthfront Reviews

When is Robinhood Coming to Australia? Alternatives for 2022
No, Betterment and Wealthfront are not available in Australia either. Only US citizens/Green Card holders are eligible to open an account on these platforms (some exceptions apply in the case of Betterment).

TrueLayer Reviews

We have no reviews of TrueLayer yet.
Be the first one to post

Social recommendations and mentions

TrueLayer might be a bit more popular than Wealthfront. We know about 4 links to it since March 2021 and only 4 links to Wealthfront. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Wealthfront mentions (4)

  • Secure Way to Link Accounts?
    Re: Green Dot's privacy policy - it's hosted on wealthfront.com and the text refers people with questions to wealthfront.com and the Wealthfront app. So it isn't clear to me whether there's a meaningful distinction there. Source: 12 months ago
  • 23 y/o and have 20k+ sitting in savings making me no money
    You might consider Wealthfront which automates the general passive strategies using ETFs. Source: over 2 years ago
  • r/wealthfront incorrectly tagged as 'Mature'
    No idea when or why this happened, but for some reason the /r/wealthfront content tag is marked as mature. There definitely isn't anything NSFW - it's primarily community support and engagement for the wealthfront.com financial services. Source: over 2 years ago
  • I’m Tony Molina, C.P.A. and Senior Product Specialist at Wealthfront. Ask me anything about Wealthfront, investing, and personal finance.
    Sorry to hear that! Yes, it's an app for investing, banking, and financial planning. You may want to visit our full website at wealthfront.com as well. Source: almost 3 years ago

TrueLayer mentions (4)

  • BANKING AS A SERVICE? ANOTHER WAY BUSINESSES MAKE MONEY
    Sounds like Open Banking which is government driven & regulated, depending on where you are. There are a couple of startups that act as an abstraction layer to try to make the experience "frictionless", like TrueLayer. Source: over 1 year ago
  • I'm an experienced programmer trying to build my first website for my clothing brand using JavaScript, HTML and CSS, but I have a few serious questions regarding the problems I might encounter while creating such a website
    You won't avoid interfacing with an API. Even if you don't want to use Stripe/PayPal, you'll need to wrestle with a banks own API or some kind of broker. TrueLayer is a popular way in Europe to access banks that support the Open Banking API. It is through a banking API that you will get confirmation that a payment has been made, so there should be no chance of sending items "for free". Unless you're posting... Source: over 1 year ago
  • Why do some traditional banks still not offer open banking?
    I had a subscription with TrueLayer. The API service was smooth and their team updated me from time to time. They even helped me with regulation by giving us an agency under their FCA license. Eventually I transferred to Nordigen due to a friend’s recommendation. It was also free so why not. It was easy to integrate their program to my business model. One particular program I am happily using that involves open... Source: over 2 years ago
  • Open Beta Ending: A last chance to get FOREVER FREE ACCESS to a money app
    • The technology that helped us connect you with your banks is powered by TrueLayer Ltd, which is regulated by the UK Financial Conduct Authority (FCA) and their registration number is 901096. We are also registered with the FCA (928953), as an agent of TrueLayer. You will see their interface when you choose your banks as well as a statement in our app stating this relationship. More info about TrueLayer if you... - Source: Hacker News / almost 3 years ago

What are some alternatives?

When comparing Wealthfront and TrueLayer, you can also consider the following products

Betterment - We manage your investments so you don't have to.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Acorns - Automated portfolio management monitoring your investments

Plaid - Infrastructure that powers financial technology by enabling applications to connect with users' bank accounts.

RobinWho - The first investment app that will make you cry

Teller API - A single API to connect your app with any bank's account