Trustly reaches annualised run-rate of processed transaction volume exceeding EUR3.5bn

19 Oct - 2016

Trustly reaches annualised run-rate of processed transaction volume exceeding EUR3.5bn

The company has now processed a total of EUR5.6bn of transactions since inception in 2008

Stockholm, 19 October 2016: Trustly, the Swedish FinTech company, is pleased to announce that it has reached an annualised run-rate of processed transaction volume exceeding EUR3.5bn. Cumulatively, Trustly has now processed a total of EUR5.6bn since the Company’s inception in 2008, reflecting the rapid adoption of Trustly’s payment method amongst European consumers.Over the past year Trustly has expanded its operations into 29 European markets, and started serving a broad range of new clients, including digital banks Avanza and Nordnet in Sweden.

Oscar Berglund, CEO of Trustly, said “Our growing transaction volumes demonstrate the broad appeal of Trustly’s payment products to merchants and consumers. By integrating Trustly as a payment option in their check-out, online merchants gain access to a pan-European market of 400 million consumers - all reconciled through the power of one; one agreement, one integration and one reconciliation for all banks and markets.”

Operational update:

  • EUR3.5bn annualised current run-rate of processed transaction volume
  • EUR 5.6bn in processed transaction volume since inception in 2008
  • Supporting payments to and from 400 million consumers across 29 European geographies
  • Recent customers include digital banks Avanza and Nordnet in Sweden
  • Opening of London office with 6 employees
  • 45 new employees in 2016, reaching a total of 130.

Trustly’s roster of partners includes PayPal, TransferWise, Adyen and Worldpay. The company supports merchants across four main business segments: e-commerce, financial services, gaming, and travel.

About Trustly

Founded in 2008, Trustly Group AB is a Swedish FinTech company that provides fast, simple and secure online payments, direct from bank accounts. Its B2B payment solutions attract global merchants in four main segments: e­-commerce, financial services, gaming and travel. FinTechCity London predicts the company to be one of the European companies destined to revolutionise the financial services sector. In 2015, Trustly was designated a Gazelle Company by Dagens Industri newspaper.

Trustly has 130 employees, offers its services in 29 countries and links together over 170 banks in Europe. Trustly is a Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority, with a license to provide payment services within the EU/EEA.

Read more at 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