Company Database - Trustly

Trustly was launched in 2008 and has become a global leader in Open Banking Payment solutions. With a mission to make online payments as seamless as possible, Trustly offers an innovative payment platform, bridging the gap between consumers and merchants.

Website

https://trustly.com

Active since

2008

Head office

Stockholm, Sweden

Country offices in

Sweden, USA, Brazil

Funding rounds and investors

More information available upon request

Number of employees

1,000

Member of industry association and/or initiatives

Swedish FinTech Association, European Third Party Providers Association, UK Finance, UK Open Banking Expert Advisory Group, Swedish API forum, National Automated Clearing House Association, Merchant Risk Council, Merchant Advisory Group, Financial Data and Technology Association, Faster Payments Council, US Payments Forum, American Gaming Association (AGA), FedNow, The Payments Association EU, Swedish Chamber of Commerce UK, Financial Data Exchange (FDX).

Awards

More information available upon request

Contact

press@trustly.com

Core solution

The company's core solutions

Trustly powers the global Open Banking ecosystem. We offer Open Banking Payments and Data solutions to power global payments, identity verification, and more.

What problem does the company solve?

Trustly's mission is to make online payments as seamless as possible. Trustly offers an innovative payment platform, bridging the gap between consumers and merchants. Its technology ensures that transactions are processed in real-time, providing both speed and security for all parties involved.

Major use cases & products

Pay by Bank Payments and Payouts, Identity Verification & KYC, Account Insights, Account Validation.

Competitive advantage

  • Lower cost of payments acceptance;
  • Higher approval rates;
  • Low-churn recurring payments;
  • Highly secure;
  • Easy to integrate.

Types of supported APIs\API standard supported

More information available at https://developers.trustly.com/

Geographical coverage (operational area)

The US, Canada, the UK, Europe, LATAM.

Number of total end users

Over 112,000,000 across 33 geographies.

Target market

Target segments/industries

Financial services, fintech, travel, ecommerce, utilities, billers, gaming.

Current customers

Customers include PayPal, eBay, and Hargreaves Lansdown in Europe and FanDuel, T-Mobile, and Coinbase in North America. 

Technology

Type of technology

Native cloud

Software language

Java

Software development tools

iOS SDK, Android SDK, Cordova, React Native, Webview, OAuth.

When was the core technology developed

2008

Licencing

Type of licence

Trustly is a licenced Payment Institution under the second payment services directive (PSD2). It operates under the supervision of the Swedish Financial Supervisory Authority in the EU, EEA and the Financial Conduct Authority in the UK.

In the US, Trustly is state-regulated as required to serve its target markets.

Partners

Technology partners

More information available upon request

Distribution channels

Direct, Partner

Business model

Pricing model

More information available upon request

Revenue streams

More information available upon request

Business strategy resources

More information available upon request

Case studies

Case studies – examples

More information available upon request

Product roadmap

Planned features and releases/future plans

More information available upon request