STOCKHOLM, 12 MARCH 2019 – For the third consecutive year, the Financial Times has named European payment services provider Trustly on its annual FT 1000 list. With a compounded annual growth rate in revenue of 362 percent between 2014 and 2017, Trustly ranks as the 482nd fastest growing company in Europe. Trustly ranks 12th among the fintech companies, and 7th among the Swedish companies.
For the FT 1000 ranking, the Financial Times looks at companies across a wide range of industries in terms of revenue growth, headcount and pre-tax profit between 2014 and 2017. The full report 'FT 1000: Europe's Fastest Growing Companies' will be published on March 25, 2019.
Oscar Berglund, CEO of Trustly, says: “To be on the Financial Times’ list for the third time in a row is a testament to the positive commercial impact our payment solutions have for our customers. I am proud of the Trustly team and the hard work we put behind this successful development. Our sustained rapid growth is the result of our constant quest for innovation and exciting products we develop for our customers.”
Trustly Milestones in 2018:
- New partnership in the travel industry, including with Latvian national airline airBaltic
- Expansion in Germany and recipient of TÜV certificate for data protection
- Launch of Pay N Play®, a secure technology that streamlines the registration and deposit process for users
- New partnership with leading global payments provider Ingenico for online banking payments
- New office in Helsinki, Finland
- Nordic Capital acquires majority ownership to support Trustly in becoming the leading next generation payments provider
Founded in 2008, Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at over 3,000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2017 and 2018, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies.
Trustly has 280 employees and is headquartered in Stockholm, Sweden, with regional offices in Finland, Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution in accordance with the second payment services directive (PSD2) and is entitled to provide among others payment initiation services. Trustly is under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com