Trustly

from Wikipedia, the free encyclopedia
Trustly Group AB

logo
legal form Corporation
founding 2008
Seat Stockholm , SwedenSwedenSweden 
management Oscar Berglund (CEO)
Number of employees 300 (2019)
sales 90 million euros (2018)
Branch Payment services
Website www.trustly.com
As of June 13, 2019

Trustly Group AB (or Trustly for short ) is a Swedish payment institution from Stockholm . The ( fintech ) company has specialized in so-called payment initiation services. In addition to initiating direct online transfers (" Pay-in ") from the customer bank account to the payee, Trustly also supports repayments (" Pay-out ") and direct debits (" Trustly Direct Debit ").

Trustly is licensed as a payment institution by the Swedish Financial Supervisory Authority ( Finansinspektiven ) and approved as a European Payment Service Provider (PSP) in accordance with the original Payment Services Directive (PSD, 2007/64 / EC) for the following cross-border payment services: performing payment transactions, money transfers, payment initiation services , Account information services.

service

Similar to the " Sofortüberweisung " service acquired by Klarna , Trustly offers a direct triggering of online transfers between customers and retailers. A confirmation is sent to the dealer by Trustly after the transfer has been initiated. The actual payment will take place at a later date. The dealer can now send his goods immediately or provide his services. In contrast to Sofortüberweisung, Trustly also collects customer funds in its accounts and forwards them to the merchants' accounts upon request. This also enables Trustly to carry out repayments from the merchant to customers.

history

Trustly was founded in Stockholm in 2008.

In 2010 the company expanded from its core markets to all other European countries. Trustly has a corporate headquarters in the Swedish capital Stockholm. The company has further branches in Cologne , London , Barcelona and Sliema on Malta . Trustly offers its cross-border payment services in all 28 member states of the European Union as well as in Norway. Trustly supports more than 3300 banks.

In 2014 the company entered into a strategic partnership with the payment service PayPal . In the same year, the European has private equity -Gesellschaft Bridgepoint Capital , a minority stake secured in the company. Bridgepoint has invested about 30 million USD .

In a press release launched by the European Commission in 2015 on the revision of the Payment Services Directive ("PSD 2"), Trustly was mentioned as one of three payment service providers , along with SOFORT (instant transfer) from Germany and iDeal from the Netherlands , exemplary for the innovation in the industry and the change the payment behavior of consumers. The revised Payment Services Directive 2015/2366 will regulate these market participants in the future and strengthen their position vis-à-vis traditional commercial banks .

In October 2018, Trustly announced a partnership with the French payment service provider Ingenico .

In June 2019 Trustly merged with the US market leader for online banking payments "PayWithMyBank" based in Silicon Valley. The merger enables merchants to accept online banking payments from European and US consumers.

Business data

As reported by Forbes Magazine , Trustly transferred a payment volume of 3.2 billion euros in 2016 . Compared to the previous financial year, this is an increase of 125% in terms of payment volume. Since 2008, the company has transferred more than 6.5 billion euros.

In March 2018, Nordic Capital acquired a majority stake in Trustly. The company was valued at 700 million euros.

In September 2018 Trustly opened an office in Cologne with five employees for its German customers.

The turnover in 2018 was 90 million euros.

Awards

  • In April 2017 Trustly was named one of the 1000 fastest growing companies in Europe by the Financial Times .
  • In December 2016, Trustly received the DI Gasell from the Swedish daily Dagens Industri for the second time in a row . The DI Gasell is awarded to the fastest growing companies in Sweden.
  • In July 2016 Trustly was added to the Business Insider list of the 16 “hottest Nordic Startups”.
  • In 2015, the industry service FinTechCity London added Trustly to the list of companies that will significantly change payment services in the future.

Web links

Individual evidence

  1. ↑ About Trustly. trustly.com, accessed June 28, 2019 .
  2. ↑ Företagsregistret. Retrieved July 24, 2017 (Swedish).
  3. ↑ Företagsregistret. Financial Inspections, accessed November 8, 2018 (Swedish).
  4. ↑ Rudolf Felser: Klarna takes over SOFORT AG . In: computerwelt.at . March 9, 2014 ( computerwelt.at [accessed July 22, 2017]).
  5. ↑ Silke Bigalke: No need for a password . In: sueddeutsche.de . May 31, 2015, ISSN  0174-4917 ( sueddeutsche.de [accessed July 22, 2017]).
  6. ↑ Payment solution Trustly enters the market. In: Internet World. September 7, 2018, accessed December 19, 2018 .
  7. ↑ Trustly publishes its inaugural report The State of Online Banking. Retrieved July 24, 2017 .
  8. ↑ PayPal and Trustly join forces for online direct transfers. Retrieved July 24, 2017 .
  9. ^ Bridgepoint / Bridgepoint Development Capital Invests in European online payments services provider Trustly. Retrieved July 24, 2017 .
  10. ↑ a b European Commission - PRESS RELEASES - Press release - Payment Services Directive: frequently asked questions. Retrieved July 24, 2017 .
  11. ↑ Directive 2007/64 / EC , accessed on July 24, 2017
  12. ↑ Directive (EU) 2015/2366 , accessed on July 24, 2017
  13. ↑ IT Finanzmagazin: Cooperation between Trustly and Ingenico · IT Finanzmagazin. In: IT financial magazine. October 19, 2018, accessed on December 19, 2018 (German).
  14. ↑ Trustly, PayWithMyBank merge for transatlantic online banking payments coverage. Retrieved October 21, 2019 .
  15. ↑ a b Nikolai Kuznetsov: Why Trustly CEO Oscar Berglund Is Offering An Alternative To Credit Cards. In: forbes.com. June 6, 2017, accessed July 21, 2017 .
  16. ↑ Nordic Capital buys Swedish online banking payments firm Trustly. In: Reuters. March 14, 2018, accessed on September 19, 2018 .
  17. ↑ Online payment service Trustly starts in Germany. In: Handelsblatt. September 3, 2018, accessed September 19, 2018 .
  18. ↑ Trustly | Nordic Capital. Retrieved October 22, 2019 .
  19. ^ The FT 1000: Europe's fastest-growing companies. Retrieved July 22, 2017 (English).
  20. ↑ Trustly utnämnd till DI Gasell som ett av Sveriges snabbast växande företag . In: Mynewsdesk . December 5, 2016 ( mynewsdesk.com [accessed July 22, 2017]).
  21. ↑ Trustly is awarded the DI Gasell as one of Sweden's fastest growing companies . In: Mynewsdesk . November 20, 2015 ( mynewsdesk.com [accessed July 22, 2017]).
  22. ↑ The 16 hottest Nordic fintech startups. Retrieved July 22, 2017 .
  23. ↑ FinTechCity | About The FinTech50 and FinTechCity. Retrieved July 22, 2017 (English).
  24. ↑ Trustly - ett av Sveriges 33 Hetaste Unga Teknikföretag 2015 | Trustly . In: Trustly . April 14, 2015 ( trustly.com [accessed July 22, 2017]).
  25. ↑ Trustly bland de 50 främsta europeiska företagen inom Fintech | Trustly . In: Trustly . February 13, 2015 ( trustly.com [accessed July 22, 2017]).