Founded Year

2008

Stage

Private Equity - II | Alive

Total Raised

$30M

Valuation

$0000 

Revenue

$0000 

About Trustly Group

Trustly is an online payments services provider. Trustly's scalable PSP technology platform can integrate any payment method and currently offers instant pay-ins and pay-outs, based on online banking epayments. The platform's real-time processing, bookkeeping and account reconciliation functionalities mean that payments can be made quickly, conveniently and safely - a key requirement for merchants, consumers and banks.

Trustly Group Headquarter Location

Rådmansgatan 40

Stockholm, 113 57,

Sweden

+46-850-521-120

Trustly Group's Product Videos

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Trustly Group's Products & Differentiation

See Trustly Group's products and how their products differentiate from alternatives and competitors

  • Open Banking payments

    Open Banking payments allow merchants to accept payments directly from their customers' online bank accounts

    Differentiation

    Unparalleled consumer reach - more than 525 million consumers can pay with Trustly across North America, Europe and Australia 

    Backend services such as reconciliation and FX 

    Optimized and user-friendly UX 

    Faster settlement speeds 

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    Differentiation

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  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing Trustly Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Trustly Group is included in 3 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,145 items

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

4,779 items

Track and capture company information and workflow.

Latest Trustly Group News

Swedish gaming regulator supports decision to fine Trustly SEK 130m

Feb 24, 2022

By Gambling Insider Sweden’s gaming regulator has said it supports the Financial Supervisory Authority’s (FI) decision to hand fintech company Trustly Group a SEK 130m ($13.5m) fine. FI is a government agency responsible for financial regulation in Sweden, and in this role, recently issued a warning and penalty fee to Trustly for failing to comply with money laundering regulations. Trustly is an open banking payment method employed by various brands, but the shortcomings, said FI, were in relation to the fintech company’s gaming industry business. “The shortcomings, which have been serious, have been found in Trustly’s largest business area, the gaming industry, which is associated with a high risk of money laundering and terrorist financing,” said FI. “The risk that Trustly and the financial system could have been used for money laundering and terrorist financing has therefore increased.” In response to the financial watchdog’s decision, the Swedish Gambling Authority (SGA) remarked that it viewed FI’s “supervision of the payment service intermediary Trustly Group positively” and “closely monitors the development of the payment service intermediaries that provide their services to gaming companies.” The SGA said it will analyse the Supervisory Authority’s decision and assess whether there is anything that should be taken into account regarding its own guidance and supervision. “It is generally important that such actors comply with the money laundering regulations,” commented Robert Larsson, SGA Unit Manager. “Trustly has a special exposure to the gaming industry and through its unique overall perspective, the company can see its customers’ collective transactions to various gaming companies.” The SGA added that it has assessed the risk of the gambling industry being used for money laundering as “high.” This assessment, the regulator explained, is based on the sector’s high turnover rate and large number of transactions, for which “the payment intermediary fulfils an important function as a gatekeeper.”

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  • When was Trustly Group founded?

    Trustly Group was founded in 2008.

  • Where is Trustly Group's headquarters?

    Trustly Group's headquarters is located at Rådmansgatan 40, Stockholm.

  • What is Trustly Group's latest funding round?

    Trustly Group's latest funding round is Private Equity - II.

  • How much did Trustly Group raise?

    Trustly Group raised a total of $30M.

  • Who are the investors of Trustly Group?

    Investors of Trustly Group include BlackRock, Investment Corporation of Dubai, Neuberger Berman, Aberdeen Standard Investments, South Carolina Retirement System Investment Commission and 5 more.

  • Who are Trustly Group's competitors?

    Competitors of Trustly Group include PayPal, Klarna, Token, Banked, GoCardless and 12 more.

  • What products does Trustly Group offer?

    Trustly Group's products include Open Banking payments and 3 more.

  • Who are Trustly Group's customers?

    Customers of Trustly Group include PayPal, Wise and eBay.

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