Trustly is an online payment services provider whose technology has been created for mobile devices and offers convenient cross-border payment functionality, making it suitable for international e-commerce on mobile and tablet devices. The company’s instant pay-ins and pay-outs features are used by leading merchants across a variety of segments, such as Peer-to-Peer Marketplaces, Sharing Economy, Travel, Electronics, Daily Deals, Financial Services, Gaming and e-Wallets. The company currently processes payment volumes in excess of €4 billion per annum.
The online payments market has grown significantly and is expected to grow as e-commerce and purchases of digital goods take an increasing share of total trade.
Having developed a proprietary online banking e-payments solution which makes online payments more convenient, faster, simpler and safer, Trustly is well positioned to capitalise on this growing market both in its existing as well as international geographies.
Trustly was acquired by Nordic Capital in March 2018.
This investment was made by Bridgepoint Development Capital.
To learn more about the company, click here.