Sweden
Trustly, founded in 2008 and headquartered in Sweden, has established itself as a global leader in Open Banking Payment solutions. With the slogan "Fast, simple and secure online banking payments," Trustly's innovative platform offers seamless, real-time transaction processing, prioritizing both speed and security.
The company's robust growth and market presence are underscored by strategic collaborations with prominent brands such as PayPal, eBay, and Hargreaves Lansdown in Europe, as well as FanDuel, T-Mobile, and Coinbase in North America. Trustly connects over 9,000 merchants to roughly 650+ million consumers across 30+ markets through 12,000 banks.
Operating under the supervision of both the Swedish Financial Supervisory Authority and the Financial Conduct Authority in the UK, Trustly maintains compliance with the PSD2. Its most recent funding came from a Venture Round investment on 10 June 2020, secured through notable investors such as Aberdeen Standard Investments, Neuberger Berman, Investment Corporation of Dubai (ICD), and BlackRock Private Equity Partners.
