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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People of Trustly
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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 |
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.
| 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 |
Investments & Acquisitions by Trustly
Trustly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PayWithMyBank.
| 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 |
Financial Statements - Trustly
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.
| 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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Frequently Asked Questions about Trustly
Trustly was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Trustly is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Alexandre Gonthier is the current CEO of Trustly. They have also founded this company.
Trustly is a funded company, having raised a total of $28.73M across 3 funding rounds to date.
Annual revenue of Trustly is $1.61B as on Dec 31, 2019.
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.
Trustly's top competitors include Tink, Open Payments and AuthBridge.
Trustly has made 1 acquisition, including PayWithMyBank.
Trustly has 7 investors. Key investors include BlackRock, Bridgepoint Capital, Neuberger Berman, Aberdeen Standard, and Investment Corporation of Dubai.