07 Apr - 2017

Trustly recognized by the Financial Times as one of the fastest growing companies in Europe

Stockholm, April 7, 2017: Trustly, the Swedish FinTech company, is pleased to announce it has been recognized as the 242nd fastest growing company in Europe by the Financial Times, earning a place in the inaugural ‘FT 1000: Europe’s Fastest Growing Companies’ special report published today.

The companies that make up the FT1000 list were selected based on their revenue growth, the number of employees and pretax profit between 2012 and 2015.

Oscar Berglund, CEO of Trustly, said: “We are proud to be recognized on the FT1000 list – a clear testament to the growth we have achieved over the past few years. In this time, we have expanded from 8 to 29 European markets, supported online bank payments to and from millions of consumers and have had a tangible positive impact on businesses across the continent. We have the market’s best bank coverage and connect 3375 banks across Europe.”

“With Trustly, merchants sign just one agreement and can then sell to customers in all our 29 supported markets. We will continue to expand our coverage and develop our suite of online payment products to give consumers and merchants the fastest, simplest and most secure way to send and receive payments domestically as well as across borders,” Berglund added.

A FT1000 company must meet the following criteria:

• Revenue of at least 100,000 EUR generated in 2012
• Revenue of at least 1.5m EUR generated in 2015
• Be independent (NO subsidiary or branch office of any kind)
• Be headquartered in one of 31 European countries

Milestones reached by Trustly in 2016:

• 3.2bn EUR processed transactions in 2016, amounting to 122% year-on-year growth
• Supporting payments to and from 400m consumers across 29 European geographies
• 65 new employees in 2016, reaching a total of 150
• Opened an office in London with six employees