Trustly Raises $40M Series B to Expand Open Banking Payments Platform

Trustly Raises $40M Series B

Trustly, a global leader in Open Banking payment solutions, has raised $40 million in Series B funding. The round was backed by investors including Nordic Capital and Alfvén & Didrikson.

What Trustly Does

Launched in 2008, Trustly has grown over the past 16 years into a global player in Open Banking payments. The company's stated mission is to make online payments as seamless as possible, offering an innovative payment platform that bridges the gap between consumers and merchants.

Trustly's technology processes transactions in real-time, providing both speed and security for all parties involved.

Scale and Reach

According to the company, Trustly has transformed the performance and experience of payments for:

• Over 9,000 merchants
• 30+ markets
• 650+ million consumers
• 12,000 banks

The company's collaborations include major brands such as PayPal, eBay, and Hargreaves Lansdown in Europe, and FanDuel, T-Mobile, and Coinbase in North America.

Regulatory Position

Trustly is a licensed Payment Institution under the second payment services directive (PSD2). It operates under the supervision of the Swedish Financial Supervisory Authority in the EU and EEA, and the Financial Conduct Authority in the UK. In the US, Trustly is state-regulated as required to serve its target markets.

Why This Matters for the Open Banking Market

Open Banking payments sit at the intersection of two durable trends: the migration of payment volume away from legacy card rails, and the regulatory push toward giving consumers and merchants more direct control over account-to-account transactions. Trustly's positioning as a licensed institution across multiple jurisdictions gives it a structural advantage in markets where compliance is a prerequisite for scale.

The company's merchant roster spans e-commerce, brokerage, and gaming — categories where real-time settlement and lower transaction friction translate directly into conversion gains. That breadth suggests the platform is not dependent on a single vertical for growth.

What the Funding Signals

The Series B round provides Trustly with additional capital to pursue its mission of revolutionizing the payments industry. With backing from Nordic Capital and Alfvén & Didrikson, the company has secured institutional support as it continues to build out its Open Banking payment infrastructure.

For observers tracking the payments sector, Trustly represents a scaled, regulated player in a segment that continues to attract strategic interest. Its combination of merchant coverage, bank connectivity, and multi-jurisdiction licensing makes it a notable asset in the evolving Open Banking landscape.

Key Facts

• Company: Trustly
• Round: Series B
• Amount: $40,000,000 USD
• Date: October 2, 2026
• Investors: Nordic Capital, Alfvén & Didrikson
• Founded: 2008
• Stage: Series B

Trustly's continued expansion across 30+ markets and its roster of enterprise merchants position it as a significant participant in the global shift toward Open Banking payment solutions.