Trustly

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Trustly AB (publ), known as Trustly, is a Swedish fintech company founded in 2008 that specializes in open banking payment solutions. Trustly enables customers to conduct transactions directly from their bank accounts, offering an alternative to traditional card-based payment systems. The company claims its network supports 12,000 banks and connects with 650 million consumers globally. Trustly serves a variety of industries and is used by over 9,000 companies globally, including notable clients such as PayPal, DraftKings, and eBay. In 2020, Trustly expanded operations to Australia and Canada, complementing its presence in Europe and the United States. In 2023, Trustly reported revenues of $265 million, a 14% increase from 2022, and processed $58 billion in transactions, reflecting the broader growth of open banking solutions.