6 milestones of 2016

Many people were happy to wave farewell to 2016 but at Trustly, we look back at the past year with many fond memories. We opened a new office, welcomed a new CEO, signed new partners, hired new talents and broke personal records. All of this growth is a testament to the fact that millions of people prefer to pay directly from their bank accounts when a fast, safe and simple method of doing so is available. We’re optimistic about all 2017 holds and thank you for following along on our journey. Here were a few highlights for the past year:

1. Trustly opens a London office
Long hailed the financial capital of Europe, London was the natural site for our next European office. Consumers in the UK show an affinity for cross-border e-commerce and we anticipate that online banking payments will quickly become a preferred payment method in the country. And while the UK vote to exit the EU stunned much of the world, we remain fully committed to our strategy of UK expansion and continue to see major commercial potential in the country. The London office is growing rapidly and we plan to move into a bigger space in 2017.

2. Oscar Berglund assumes the role of CEO
In September of last year, former Deputy CEO Oscar Berglund assumed the role of CEO after co-founder and former CEO Carl Wilsson moved into a new role as Vice President of Business Development. The transition was smooth and Oscar has great expectations for the coming year!

3. Employee count surpasses 100
In 2016, Trustly hired our 100th employee and since then, the pace of hiring has only accelerated. By Christmas, we counted just above 150 talents spread across offices in Stockholm, Malta, London, Cologne and Barcelona. Within the next two years, we plan to grow to about 260 employees, so check out our job openings if you are passionate about FinTech.

4. Trustly reaches an annualized run rate of €3.5B in processed payments
As reported by Reuters, we have processed a total of €5.6B in transactions since our inception in 2008. CEO Oscar Berglund attributes this impressive growth to three main factors: organic growth from our existing merchant base, international expansion and new partners.

5. Trustly is nominated for the DI Gasell award
For the second year in a row, Swedish financial daily newspaper Dagens Industri recognized Trustly as one of Sweden’s fastest growing companies. We’re hoping to keep up the pace so that 2017 makes it three in a row!

6. Trustly celebrates one year with Avanza
We welcomed many exciting new partners in 2016, but perhaps more inspiring is looking back at the success of older partnerships. After one year of enabling real-time deposits for new Avanza customers, Trustly has contributed to a 7% increase in Avanza’s activation rate, which corresponds to a net inflow of €76.7 million per year. We have high hopes for year two of our partnership!

Whew, what a year 2016 was. May 2017 bring you health, happiness and hassle-free payments!