About Trustly
Trustly is a company based in San Carlos (United States) founded in 2008 by Ezio Anselmo Mazarim Fernandes, Lukas Gratte, and Alexandre Gonthier was acquired by Nordic Capital in March 2018.. Trustly has raised $28.73 million across 3 funding rounds from investors including BlackRock, Bridgepoint Capital and Neuberger Berman. Trustly has completed 1 acquisition, including PayWithMyBank. Trustly operates in a competitive market with competitors including Tink, Prime Trust, AuthBridge, Open Payments and Enfuce, among others.
- Headquarter San Carlos, United States
- Founders Ezio Anselmo Mazarim Fernandes, Lukas Gratte, Alexandre Gonthier
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trustly Group Ab
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Annual Revenue
$1.61 B (USD)146as on Dec 31, 2019
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Net Profit
$117.73 M (USD)-44as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$28.73 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
BlackRock
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Nordic Capital
(Mar 14, 2018)
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Software Development Team
43 people
Product Management Team
23 people
Senior Team
22 people
Leadership Team
22 people
Sales and Marketing
16 people
Human Resources and Administration
10 people
Finance and Accounting
9 people
Head Team
8 people
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Funding Insights of Trustly
Trustly has successfully raised a total of $28.73M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series C - Trustly | Valuation | BlackRock , Standard Life Aberdeen |
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| Nov, 2014 | Amount | Series B - Trustly | Valuation |
investors |
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| Jun, 2011 | Amount | Series A - Trustly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Trustly
Trustly has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include BlackRock, Bridgepoint Capital and Neuberger Berman. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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Middle-market businesses up to €1 billion are acquired pan-Europe.
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Founded Year | Domain | Location | |
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Early & mid-stage life sciences and tech focused VC firm investing primarily in Sweden
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Trustly
Trustly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PayWithMyBank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Direct debit payments are enabled via a hosted bank portal.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Trustly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trustly Comparisons
Competitors of Trustly
Trustly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tink, Prime Trust, AuthBridge, Open Payments and Enfuce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Open banking API solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Provider of open banking API solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trustly
Frequently Asked Questions about Trustly
When was Trustly founded?
Trustly was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Trustly located?
Trustly is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Who is the current CEO of Trustly?
Alexandre Gonthier is the current CEO of Trustly. They have also founded this company.
Is Trustly a funded company?
Trustly is a funded company, having raised a total of $28.73M across 3 funding rounds to date.
What is the annual revenue of Trustly?
Annual revenue of Trustly is $1.61B as on Dec 31, 2019.
What does Trustly do?
Founded in 2008, Trustly operates in the fintech sector from San Carlos, United States. Bank-independent payment services are facilitated through open banking, allowing in and out payments directly from bank accounts. A suite of financial products is offered to merchants, including connectivity to banks and access to consumer financial data. Operations focus on modernizing payments, lowering costs, and managing risks across global markets.
Who are the top competitors of Trustly?
Trustly's top competitors include Tink, Open Payments and AuthBridge.
How many acquisitions has Trustly made?
Trustly has made 1 acquisition, including PayWithMyBank.
Who are Trustly's investors?
Trustly has 7 investors. Key investors include BlackRock, Bridgepoint Capital, Neuberger Berman, Aberdeen Standard, and Investment Corporation of Dubai.
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