Trustly | Investments | Nordic Capital
Trustly 1

Trustly

Direct Bank Payments

A global leader in Digital Account-to-Account (A2A) Payments. Trustly’s next-generation solution enables consumers and merchants to pay and receive funds directly through their online bank accounts.

Company Background

  • Technology platform which bypasses the traditional card-based value chain and redefines digital payments in terms of speed, conversion and cost.
  • Serving 8,100 merchants globally to boost sales and reduce costs through its network of 6,300 banks spanning more than 30 countries.
  • Trustly puts governance at the core of its sustainability strategy and ensures that its payment products and services are used in compliance with regulations that combat corruption, bribery, money laundering and terrorism financing.

Vision & Outlook

  • Foster Trustly’s global expansion through continued investments into technology and organisation.
  • Support the company's mission to accelerate the evolution towards a card and cash-less society.

Highlights & Updates

  • Entered the US market through its acquisition of Pay with my Bank in 2019 and expanded its presence further to cover Australia and Canada in 2020.
  • In 2022, acquired the platform Ecospend to strengthen its position in the UK. Ecospend’s strong UK A2A product and full bank connectivity will complement and enable Trustly to deliver a market-leading product in the UK, and further accelerate its UK roll-out – one of Europe’s most rapidly growing A2A regions and a core growth market for Trustly.
Trustly Logo NEW

SECTOR

Technology & Payments

REVENUES 2023

EUR 240 million

EMPLOYEES

720

OWNERSHIP

Fund IX

INVESTMENT DATE

2018

HEAD OFFICE

Stockholm, Sweden

MANAGEMENT

Johan Tjärnberg

CEO

Håkan Fältmars

CFO

CHAIRPERSON

Morten Hübbe

RESPONSIBLE ADVISOR

Fredrik Näslund

Partner | Chief Investment Process Officer | Head of Technology & Payments

Nordic Capital's Technology & Payments focus

Having invested in the sector for more than two decades, Nordic Capital is one of the most experienced Technology & Payments investors in Northern Europe. Focus is set on companies with great potential to drive superior growth and benefit from fundamental market trends.

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