Trustly

Business Description

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.

Founded in 2008, Trustly has developed a technology platform which bypasses the traditional card-based value chain and redefines digital payments in terms of speed, conversion and cost. The Company supports merchants globally to boost sales and reduce cost while providing them with unmatched reach to over 525 million consumers. In 2020, Trustly served 8,000 merchants and processed USD 21 billion transactions through its network of 6,300 banks spanning more than 30 countries.

Nordic Capital will support Trustly’s global expansion through continued investments into technology and organisation. Nordic Capital is proud to support Trustly on its mission to accelerate the evolution towards a card and cash-less society.

Sector

Tech & Payments

Financial Services

Key Information

Revenues 2020

EUR 197 million

Employees

485

Ownership

Nordic Capital Fund IX, controlling shareholding

Head office

Stockholm, Sweden

Investment date

2018