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Trustly

Direct bank payments

Trustly is 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
  • Acquired UK-based Open Banking Payments platform Ecospend to strengthen its position in UK

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SECTOR

Technology & Payments

REVENUES 2021

EUR 255 million

EMPLOYEES

620

OWNERSHIP

Fund IX

HEAD OFFICE

Sweden

INVESTMENT DATE

2018

MANAGEMENT

Johan Tjärnberg

CEO

Håkan Fältmars

CFO

CHAIRPERSON AND RESPONSIBLE ADVISOR

Fredrik Näslund

Partner, Chief Investment Process Officer | Head of Technology & Payments | Head of Norway and Denmark