Trustly opens two new tech hubs in Vitória, Brazil and Lisbon, Portugal

17 Oct - 2019

Trustly opens two new tech hubs in Vitória, Brazil and Lisbon, Portugal

Stockholm, Sweden, October 17, 2019 – To further refine its online banking payment solutions and accelerate the build-out of global coverage, Trustly is pleased to announce the opening of two new tech hubs in Vitória, Brazil and Lisbon, Portugal.

In search of tech talent globally, Trustly will grow its engineering and product management teams outside of Sweden. The hub based in Vitória, Brazil was inherited following Trustly’s June merger with Silicon Valley-based PayWithMyBank, and the company plans to hire a significant number of additional engineers there in the coming year.

Trustly chose Lisbon as the location of its other hub due to its wealth of tech talent, affordability and vibrant culture that makes it an attractive city to work in. The Lisbon hub currently employs 4 tech teams, with the ambition to double that number by the end of 2020.

Trustly will also continue to grow its existing Swedish tech hubs in Stockholm and Örebro, where it is recruiting additional software and DevOps developers. The company will continue to recruit across other parts of the organization as well.

Ulrica Falkenberg, Chief Human Resources Officer at Trustly, says: “With the addition of not one, but two new tech hubs, Trustly will have the resources it needs to scale healthily. Each hub will contribute uniquely to Trustly’s overall growth and we are thrilled to welcome so many new colleagues around the world. Working with teammates from other cultures not only strengthens our business, but makes our daily work more fun.”

About Trustly

Founded in 2008, Trustly is the global leader in online banking payment solutions. Our account-to-account network completely bypasses card networks, letting consumers make fast, simple and secure payments to merchants directly from their online bank accounts. Trustly serves many of the world’s most prominent merchants within e-commerce, travel, gaming and financial services, who benefit from increased conversion and reduced administration, fraud and chargeback risks. Thanks to our coverage of 4,000+ banks, more than 600 million consumers across Europe and the US can pay with Trustly.

Trustly is backed by leading private equity investor Nordic Capital and growth investment firm Alfvén & Didrikson. We have over 350 employees with headquarters in Stockholm, Sweden, and offices across Europe and the Americas. Trustly is a licensed Payment Institution in accordance with the second payment services directive (PSD2) and is under the supervision of the Swedish Financial Supervisory Authority. Read more at

Press contact

Meredith Popolo, Head of PR & Communications

Meredith Popolo

Head of PR & Communications