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Swedish FinTech companies Lendify and Trustly collaborate to streamline the loan process between private individuals by simplifying the transaction process. Trustly’s solution for direct bank transfers and online payments allows investors via Lendify’s platform to transfer money immediately, instead of having to wait for the transaction to clear through the conventional clearing system.
The cooperation between FinTech company Trustly and Avanza bank has lead to an increase customer activation rate of 7%. The number of new customers that deposit money on day one has almost tripled and every month Avanza's customer make real-time deposits worth of EUR 102 million.
For the second year in a row Trustly is awarded as one of Sweden's fastest growing companies and nominated to be a Gazelle company by the Swedish business newspaper Dagens Industri.
Ulrica Falkenberg is Trustly's new Head of People Operations. Her main focus will be to support the company's fast growth by doubling the number of employees within the next year. To succeed Trustly aims to recruit talents from all over the world. Currently the team is made up of people from more than 25 different countries, which Falkenberg views as a cultural asset.
NextGen Banking Nordics 2016 brought together leaders from all walks of the industry to talk about trends like blockchain, mobile, biometrics and more. Trustly CPO Josef Darmark joined the discussion in a panel called “Technology hype versus technology reality” alongside others from BehavioSec, Accenture, MeaWallet and CustomerXPs.
Do cross-border sales keep you up at night? Trustly GM Mike Parkinson and CPO Josef Darmark share how merchants can overcome five main challenges with online banking e-payments.
Trustly has been nominated for Sweden's Coolest Office 2016! Take a tour of our swanky new space and vote for us!
Trustly hits EUR3.5bn annualised in current run-rate of processed transaction volume. The growing transaction volumes demonstrate the appeal. By integrating Trustly as a payment option in the check-out, online merchants gain access to a pan-European market of 400 million consumers.
Trustly attended Stockholm Tech Fest and enjoyed discussions with the most innovative minds in the tech game. Of particular interest to the Trustly team was the panel titled "Future of FinTech." Read our recap here.
Oscar Berglund has been appointed CEO at Trustly with overall responsibility for leading the company and executing the growth strategy. Trustly’s co-founder and current CEO Carl Wilsson will continue as Vice President Business Development, where he will focus on strategic product development and drive implementation of complex merchant solutions. He remains a Board Director of the company.