Telleroo
UK FCA-authorised Electronic Money Institution operating a bulk payments platform that lets SMEs, accountants, and bookkeepers execute Faster Payments batches, payroll runs, and supplier payouts with native accounting and payroll software integrations.
- Company typePrivate
- Founded2016
- HeadquartersAmersham, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Telleroo does
Telleroo Limited is a UK-based, FCA-authorised Electronic Money Institution (FRN 1024627) that operates a bulk payments platform for UK small and medium-sized businesses, their accountants and bookkeepers, and software platforms embedding payment services. Founded in 2016 and headquartered in Amersham, the platform processes batches of 5 to 5,000 payments via Faster Payments (up to £1m per transaction, settling typically within minutes) and supports international payouts in 30+ currencies through a partnership with Wise Payments Limited. It integrates natively with accounting software (Xero Bills & Payroll, QuickBooks Bills) and payroll platforms (Employment Hero, FreshPay, Staffology, SafeHR, Buddy, Paiyroll), enabling pay runs to be created, funded via Open Banking (Yapily Connect), approved through role-based workflows, and reconciled back to the source ledger in a single flow.
The product surface spans core batch payments, the Telleroo Mobile App (iOS and Android) for on-the-go approvals and Open Banking top-ups, an OCR-based bank-details scanner, multi-layered approval controls (Viewer through Dual Approver and Bank Details Manager), the proprietary Telleroo Trust Check with Confirmation of Payee validation and supplier risk scoring, and an Embedded Payments API for platforms and SaaS providers. Add-on modules include Multiple Entities Management and Modern Treasury Management for groups consolidating cash and payments across subsidiaries. Distribution combines product-led self-serve sign-up, a Partner Programme for accountants and bookkeepers (up to 10 free payments per client per month), and API-based embedded payments.
The business model is a hybrid of monthly subscription fees (scaled by transaction count per calendar month, billed by Direct Debit), per-transaction fees for SWIFT (£15) and CHAPS (£25), and FX spread on international payments. Client funds are held in a safeguarded account at ClearBank Ltd under FCA and PRA oversight, and the company holds ISO 27001 certification (valid until 24 October 2026) and ICO data protection registration. Customer signals include thousands of UK businesses and accounting firms, with named references spanning Florence (healthcare payroll), Crate Brewery, FD Works, Hubble, Many Pets, Thriva, Koru Kids, Tide, Grind, Ecologi, and Shift.
Telleroo firmographics
Firmographics- Name
- Telleroo
- Legal name
- Telleroo Limited
- Website
- https://telleroo.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- UK FCA-authorised Electronic Money Institution operating a bulk payments platform that lets SMEs, accountants, and bookkeepers execute Faster Payments batches, payroll runs, and supplier payouts with native accounting and payroll software integrations.
- Ownership category
- akta.pro rank
Telleroo industry classification
Industry- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where Telleroo is headquartered
LocationHeadquarters
- HQ city
- Amersham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Telleroo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription Fees: Monthly subscription fee based on the number of transactions made per calendar month. Users are charged based on their pricing package and the number of transactions each month. Unused payments cannot be carried over to following months. Billing is done via Direct Debit with monthly invoices payable within 10 days.
- Transaction-based Fees: Charges per payment sent out of the Telleroo account via local payment methods (Faster Payments for GBP, SEPA for EUR, ACH for USD). Each transaction counts towards the monthly subscription tier.
- SWIFT Transfer Fees: £15 charge for any outbound payment from Telleroo account via SWIFT network for international transfers.
- CHAPS Processing Fees: £25 fee levied for any payment into the Telleroo account paid via CHAPS (Clearing House Automated Payment System).
- Foreign Exchange Spread: Revenue generated from international payments through Wise Payments Limited, with transparent fee pricing for FX conversions in 30+ currencies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Transaction-based subscription pricing |
| Unit Pricing | Monthly | SWIFT outbound international transfers |
| Unit Pricing | Pay-as-you-go | CHAPS inbound large value payments |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels11 records
Telleroo product offering
Product offeringCore offering
Telleroo is a bulk payments platform built around an FCA-authorised e-money wallet that enables UK businesses, accountants and bookkeepers to batch process payroll and supplier payments via UK Faster Payments (up to £1m per transaction), international FX payments in 30+ currencies, and one-click reconciliation with accounting software such as Xero and QuickBooks. The platform includes the Telleroo Trust Check fraud prevention feature, multi-layered approval workflows, an OCR bank-detail scanner, and an Embedded Payments API for software platforms.
Product overview
Telleroo is a bulk payments platform designed for UK businesses, offering a unified core product with multiple integrated modules. The core Telleroo platform processes Faster Payments (up to £1m), international FX payments in 30+ currencies, and payroll payments. Key modules include the Mobile App for on-the-go approvals, Supplier Verification for fraud risk checking, the Embedded Payments API for platform integrations, Multiple Entities Management for group companies, and Modern Treasury Management for consolidated cash operations. The platform integrates natively with major accounting software (Xero, QuickBooks) and payroll systems (Employment Hero, FreshPay, Staffology, SafeHR, Buddy, Paiyroll) and also supports file imports from Sage, FreeAgent, and BrightPay.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Payments typically arrive in minutes via Faster Payments
- +3 more outcomes
Companies that use Telleroo
Customer profileNamed customers11 records
Segments7 records
Ideal customer profiles3 records
Telleroo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
AI capability2 records
Feature7 records
Telleroo partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and supporting.
- XerocoreNative integration allowing sync of bills and payroll from Xero. Users can batch pay invoices by selecting them from the Xero Bills tab in Telleroo, add them to a pay run, and reconcile payments back to Xero automatically with one-click reconciliation.
- QuickBookscoreIntegration with QuickBooks Bills enabling users to pay QuickBooks invoices in a few clicks directly from Telleroo.
- Employment HerocoreIntegration allowing sync of payroll from Employment Hero directly into Telleroo for payment processing.
- FreshPaycoreIntegration with FreshPay payroll software allowing sync of pay runs from FreshPay to Telleroo.
- StaffologycoreIntegration allowing import of payroll data from Staffology into Telleroo.
- SafeHRsupportingIntegration with SafeHR payroll platform enabling payroll sync to Telleroo.
- BuddyHRsupportingIntegration with Buddy HR payroll software allowing connection of Buddy HR payroll to Telleroo.
- PaiyrollsupportingIntegration connecting Paiyroll payroll to Telleroo for payment processing.
- ExpenseInsupportingIntegration with ExpenseIn expense management software, allowing payment of approved expenses directly from Telleroo.
- Yapily Connect LtdcoreOpen Banking partner for account funding. Yapily Connect initiates Faster Payment top-ups from the user's bank to their Telleroo account, facilitating seamless account funding via Open Banking.
- Wise Payments LimitedcoreInternational payments fulfilled and facilitated by Wise Payments Limited (Firm Reference 900507), enabling bulk FX payments in 30+ currencies with transparent fee pricing.
- ClearBank LtdcoreClearBank holds Telleroo client funds in a safeguarded account (Firm Reference 754568), regulated by the Prudential Regulation Authority and the FCA. Provides regulatory protection for customer funds.
- MoorwandsupportingElectronic Money Institution partner (Firm Reference 900709) that authorised Telleroo to distribute electronic money and provide payment services. In 2026, Telleroo transitioned to holding funds directly with ClearBank.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Telleroo competitors and assessment
Company assessmentDirect peers
- Modulr: UK FCA-authorised Electronic Money Institution providing payments infrastructure (accounts, Faster Payments, Bacs) to platforms and businesses. Comparable to Telleroo on regulated payment-rail provision for B2B and embedded use cases, though serving larger platform customers.
- GoCardless: UK-headquartered direct debit and recurring payments platform serving small businesses and accountants. Most directly comparable to Telleroo on UK SMB payment automation, with overlapping customer base (accountants, SMEs) and similar Bacs/Faster Payments focus.
- TrueLayer: UK Open Banking platform powering A2A payments and account connectivity for fintechs and merchants. Closely comparable to Telleroo on UK A2A and Open Banking rails, with overlapping technology stack (Yapily competitor) and overlapping target audience of UK businesses and platforms.
- Yapily: Open Banking infrastructure provider used by Telleroo itself (Yapily Connect). Comparable on UK A2A payment initiation and account-data rails; competitor for embedded/Open Banking use cases where Telleroo uses Yapily today.
Broad incumbents
- Tide: UK business-banking and admin platform for SMEs and accountants, and a Telleroo customer. Competes broadly with Telleroo by bundling Faster Payments, bulk pay, and integrated accounting into a single business current account.
- Starling Bank: UK challenger bank offering business current accounts with built-in bulk payments, Faster Payments, Bacs, and integrated accounting exports. Direct incumbent threat to Telleroo in serving UK SMEs and their accountants with native, subsidised payment rails.
- Wise (formerly TransferWise): Global cross-border payments platform that is also Telleroo's FX partner (Wise Payments Limited). Much larger incumbent in international payments; offers business multi-currency accounts and bulk payouts that overlap with Telleroo's international payments product.
Others
- ClearBank: UK clearing bank that safeguards Telleroo's client funds and provides Faster Payments/Bacs rails. Infrastructure partner rather than direct competitor, but enables Telleroo's regulated EMI proposition and could disintermediate by offering bulk-payout products directly to platforms.
- NorthRow: UK payments and onboarding platform serving accountants and SMEs with bulk payments and Bacs/Faster Payments workflows. Comparable to Telleroo on accountant-channel GTM and UK SMB payment automation, though also focused on AML/ID verification.
Emerging players
- Ziglu: UK FCA-authorised Electronic Money Institution offering business accounts and payments including Faster Payments. Comparable on UK EMI proposition for SMEs; smaller scale than Telleroo on bulk-payout specialisation but adjacent in regulated UK payments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Telleroo social profiles
Digital presenceTelleroo compliance and trust
Trust signalCompliance5 records
Telleroo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Telleroo leadership team
Management profileNumber of profiles
Telleroo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Telleroo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Telleroo
What does Telleroo do?
Telleroo is a bulk payments platform built around an FCA-authorised e-money wallet that enables UK businesses, accountants and bookkeepers to batch process payroll and supplier payments via UK Faster Payments (up to £1m per transaction), international FX payments in 30+ currencies, and one-click reconciliation with accounting software such as Xero and QuickBooks. The platform includes the Telleroo Trust Check fraud prevention feature, multi-layered approval workflows, an OCR bank-detail scanner, and an Embedded Payments API for software platforms.
Is Telleroo a public or private company?
Telleroo is a private company. It is currently operating.
When was Telleroo founded?
Telleroo was founded in 2016. It employs 11 to 50 people.
Where is Telleroo based?
Telleroo is headquartered in Amersham, United Kingdom, in the Europe region.
How does Telleroo make money?
Five revenue lines are on record. Subscription Fees are the primary driver. The others are transaction-based Fees, SWIFT Transfer Fees, CHAPS Processing Fees and foreign Exchange Spread.
Who are Telleroo's main competitors?
Direct peers on record are Modulr, GoCardless, TrueLayer and Yapily. Broad incumbents are Tide, Starling Bank and Wise (formerly TransferWise). Others are ClearBank and NorthRow. Ziglu is listed as an emerging player.
Does Telleroo have an API?
Yes. Telleroo offers an Embedded Payments API that allows platforms to build Telleroo payouts into their own technology stack. Payments can be submitted via Telleroo's API as one of the platform service methods. The API supports standard customer support services during Normal Business Hours (Monday to Friday, 9am-5pm, excluding UK Bank Holidays). Developer documentation is at www.telleroo.com/api.
What industry is Telleroo in?
Its primary akta.pro industry code is FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 522320 and its SIC code is 6199.