MX vs TrueLayer: Which Should You Choose in 2026?
Choosing between MX and TrueLayer comes down to understanding what each tool does best. This comparison breaks down the key differences so you can make an informed decision based on your specific needs, not marketing claims.
By Toolradar Team · Last updated February 22, 2026 · Methodology
Short on time? Here's the quick answer
We've tested both tools. Here's who should pick what:
MX
Financial data connectivity and insights
Best for you if:
- • Financial data with superior enrichment
- • 2,000+ financial institution partners
TrueLayer
Open banking payments and data for Europe
Best for you if:
- • Leading European open banking platform
- • Instant bank payments without cards
| At a Glance |  TrueLayer | |
|---|---|---|
Price | Paid | Paid |
Best For | Developer Tools | Developer Tools |
Rating | —/100 | —/100 |
| Feature | MX | TrueLayer |
|---|---|---|
| Pricing Model | Paid | Paid |
| Editorial Score | — | — |
| Community Rating | No ratings yet | No ratings yet |
| Total Reviews | 0 | 0 |
| Community Upvotes | 0 | 0 |
| Categories | Developer Tools | Developer Tools |
How MX and TrueLayer Compare
MX
Financial data connectivity and insights
Paid
TrueLayer
Open banking payments and data for Europe
Paid
Who Should Use What?
On a budget?
Both are paid. Compare plans on their websites.
Go with: MX
Want the highest-rated option?
Neither has been rated yet.
Go with: MX
Value user reviews?
Neither has user reviews yet.
Go with: MX
3 Questions to Help You Decide
What's your budget?
Both are paid. Pricing won't help you decide here.
What's your use case?
Both are developer tools tools. Compare their specific features to decide.
How important are ratings?
Not all tools have been rated yet.
Key Takeaways
MX
- Our pick for this comparison
TrueLayer
The Bottom Line
MX is our pick.
Frequently Asked Questions
Is MX or TrueLayer better?
MX scores high/100 in our evaluation. Both are paid.
What are MX and TrueLayer used for?
MX: Financial data connectivity and insights. TrueLayer: Open banking payments and data for Europe.
What does MX cost vs TrueLayer?
MX is a paid tool. TrueLayer is a paid tool. Visit their websites for detailed pricing.