Trustly appoints Oscar Berglund as new CEO

06 Sep - 2016

Trustly appoints Oscar Berglund as new CEO

STOCKHOLM, Sweden, September 6, 2016 —Trustly today announces the appointment of Oscar Berglund as Chief Executive Officer. Berglund will take overall responsibility for leading the company and executing its growth strategy.

Berglund joined Trustly in 2013 as Chief Financial Officer and was appointed Deputy CEO in 2014. His relationship with the company started in 2010 when he was elected to the Trustly Board. Berglund started his career at Goldman Sachs where he spent close to five years in the Investment Banking Division and Financing Group based in London and Moscow. From 2007 to 2012, he was a Portfolio Manager at Alpcot Capital Management where he was part of the team that developed and launched Europe’s first actively managed equity ETF. Berglund holds a MSc in Business and Economics from the Stockholm School of Economics.

Over the past year, Trustly has executed a successful expansion across Europe and today provides online banking pay-ins and pay-outs across 29 countries. The company currently processes payment volumes in excess of €3.5B on an annualized basis, maintains offices in five European countries and is expanding in multiple industries. Companies that have recently started offering Trustly’s online banking payment method to their customers include Nordic banks Avanza Bank and Nordnet as well as PayPal in six new European markets.

Trustly’s co-founder and current CEO Carl Wilsson will move into a new role as Vice President Business Development where he will focus on strategic product development and drive implementation of complex merchant solutions. He remains a Board Director of the company.

Oscar Berglund commented on his appointment: “I am proud to have been given the responsibility to lead Trustly. We are in the very beginning of our journey and I look forward to continue working with the rest of the team in servicing our customers with Trustly’s unique payment solutions. I am delighted that Trustly will continue to benefit fully from Carl’s expertise and experience as we together with the rest of our colleagues drive the company forward.”

Carl Wilsson said: “I have worked closely with Oscar for more than six years now and as Trustly grows, I see this as the right time to hand over the responsibility for the daily operations of the company to him. My ambition has been to build the organization necessary to support a continued high-growth journey. We have a great team in place, and in my new role I will be able to focus 100% on what I am most passionate about: driving our product suite forward and making sure that we implement the best possible solutions for our merchants.”

Andreas Bernström, Chairman of the Board said: “We think Carl’s wish to transition into a more focused growth-oriented role will allow the company to benefit fully from his core areas of expertise and we are delighted that Oscar has accepted the opportunity to become Trustly’s new CEO. For several years, Oscar has been a key contributor to the company’s development and his 13 years of international experience from the financial services industry will help him to execute our strategy in an effective and efficient way.”

Founded in 2008, Trustly Group AB is a Swedish FinTech company providing simple, safe and convenient online payments directly from the bank account. In 2015, it was recognized by FinTechCity London as one of the European companies destined to revolutionize the financial service sector.

Trustly has more than 130 employees, provides services in 29 countries and supports payments from more than 100 banks in Europe. www.trustly.com.

Press contact

Stefan Backlund, Head of Marketing & Communication

Stefan Backlund

Head of Marketing & Communication
Marketing, communication, all media and press.

0046-70-8628489