09 Nov - 2017
Trustly, the European payments company, is pleased to announce it has processed in excess of €10 billion worth of payments since its inception in 2008. 41% of the total volume was processed in 2017 up until the end of October.
The volume growth follows Trustly’s pan-European expansion with consumers across 29 European markets being able to use the service to make payments and transfer funds in a simple, safe and convenient way.
“Achieving 10 billion EUR in payment volume is an important milestone for us at Trustly,” said Oscar Berglund, CEO of Trustly. “It illustrates how our payment product is quickly becoming the preferred online payment means for many consumers across Europe. Using Trustly, it is as easy to pay directly from one’s online bank account as it is to pay cash in the physical world.”
Founded in 2008, Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at over 3,000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2017, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies.
Trustly has 170 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com
Trustly Group AB (corporate identity number 556754-8655) is an authorized Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). The company conducts payment services in accordance with the Payment Services Act (2010:751) and can provide cross-border payment services within the EU/EEA.