Trustly, Inc. (Previously PayWithMyBank)

Open Banking Payments

Founded 2012

San Carlos, United States 8 employees Equity Commitment Total: $63.00M E-Commerce, Finance +4

General Information

Company Name Trustly, Inc. (Previously PayWithMyBank)

Founded Year 2012

Location

San Carlos, United States

Employees 8

Industries E-Commerce, Finance, Fintech +3

Funding Stage Equity Commitment

Social

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United States Market

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Industry Signals All Companies in United States

Trustly, Inc. (Previously PayWithMyBank) Alternatives

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AI Insight

Bounce Watch AI

1 week ago

Trustly recently secured a $40 million equity commitment from core shareholders, Nordic Capital and Alfvén & Didrikson, specifically for growth and AI-driven product development. This capital injection closely follows a significant restructuring, including cutting 200 jobs due to past revenue declines. The dual actions signal a strategic pivot, streamlining operations while simultaneously reinvesting in targeted innovation for renewed growth.

Signal Types

Funding Restructuring Product Development Layoffs

Strategic Labels

Strategic Restructuring AI Innovation Shareholder Support

Next Move: Product Launch

Impact: 8/10

Ideal For: Fintech Growth Equity — Late Stage

About Trustly, Inc. (Previously PayWithMyBank)

Trustly, Inc., previously known as PayWithMyBank, leads the global landscape of Open Banking Payments. Founded in 2012 and headquartered in the United States, the company has established itself as the frontrunner in Online Banking Payments, reaching over 600M consumers across more than 30 countries.

By merging with Europe-based Trustly in 2019, the company expanded its footprint and now caters to high-profile Fortune 500 merchants, offering a seamless payment solution that drives transaction growth and trims costs. Its user-friendly, secure interface ensures consumers remain engaged on the merchant's platform, simplifying payments without compromising safety.

Earlier, Trustly secured investment from notable backers such as Aberdeen Standard Investments, Investment Corp. of Dubai, Neuberger Berman Group, and BlackRock Private Equity Partners during a Venture Round on June 10, 2020. This capital positions Trustly to further capitalize on its advantageous market lead in E-Commerce, Finance, and Payments.

Business keywords: Online payments, Mobile payments, ACH, Online banking payments, Financial services, Gaming, Fortune 500, Payment processing, Digital payments, Global leader, User experience, Trustly, Silicon Valley, Merged company

Funding Rounds & Investors (5)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Equity Commitment	$40.00M	2	Alfvén & Didrikson, Nordic Capital	02 Oct 2026
Venture Round	Undisclosed	4	Aberdeen Standard Investments, Investment Corp. of Dubai +2	10 Jun 2020
Venture Round	Undisclosed	1	Nordic Capital	01 Jan 2018
Venture Round	€23.00M	2	Bridgepoint Capital, BDC Venture Capital	04 Nov 2014
Venture Round	Undisclosed	1	Alfvén & Didrikson	24 Sep 2011

Latest News

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Swedish fintech Trustly receives $40M equity commitment from key shareholders

Tech Oct 02, 2026

Swedish fintech Trustly to cut around 200 jobs

Tech Sep 17, 2026

Trustly sees nearly £5BN worth of payments processed to HMRC via pay-by-bank in UK tax deadline mont... — Tech

Trustly sees nearly £5BN worth of payments processed to HMRC via pay-by-bank in UK tax deadline month

Tech Jun 30, 2025

Fintechs Trustly and Paytweak partner to offer more secure A2A payments

Tech Apr 29, 2025

$267M for remittance firm Zepz, Slovenia’s tech landscape, and key trends and investment in Septemb... — Tech

$267M for remittance firm Zepz, Slovenia’s tech landscape, and key trends and investment in September

Tech Oct 11, 2024

HSBC exec says there's a lot of AI 'success theater' happening in finance

Cnbc Oct 09, 2024

Trustly, Inc. (Previously PayWithMyBank) Alternatives & Competitors

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Trustly, Inc. (Previously PayWithMyBank) vs

Checkbook United States

Your payments simplified. Global Payments pushed for you through one API.

Series A

47 employees

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Trustly, Inc. (Previously PayWithMyBank) vs

Skrill, a Paysafe Experience United Kingdom

The online wallet for money movers and makers.

130 employees

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Compare Trustly, Inc. (Previously PayWithMyBank) vs Skrill, a Paysafe Experience

Trustly, Inc. (Previously PayWithMyBank) vs

MovoCash, Inc. United States

ON-DEMAND Mobile Banking with End-to-End CONTACTLESS Payments. Join now at www.movo.cash/app #LetsMO...

Series A

17 employees

Blockchain, Crypto

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FAQ About Trustly, Inc. (Previously PayWithMyBank)

Open Banking Payments

Trustly, Inc. (Previously PayWithMyBank) was founded in 2012.

Trustly, Inc. (Previously PayWithMyBank) is headquartered in San Carlos, United States.

Trustly, Inc. (Previously PayWithMyBank) operates in E-Commerce, Finance, Fintech, Internet, Payments and Social Media. Its work centres on Online payments, Mobile payments, ACH and Online banking payments.

Trustly, Inc. (Previously PayWithMyBank) has approximately 8 employees.

Trustly, Inc. (Previously PayWithMyBank) has completed 5 funding rounds, raising a total of $63.00M. The latest funding stage is Equity Commitment.

Top alternatives and competitors to Trustly, Inc. (Previously PayWithMyBank) include Checkbook, Skrill, a Paysafe Experience, MovoCash, Inc., GoCart, Flutterwire. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Trustly, Inc. (Previously PayWithMyBank) and Checkbook are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Trustly, Inc. (Previously PayWithMyBank), https://bouncewatch.com/company/trustly, updated 31 October 2026. When citing, please name BounceWatch and link this page.