Total amount raised
€23 Millions
Latest funding date
06/01/2020
Location
Trustly has successfully raised significant funding over multiple rounds, with notable investors including the Investment Corporation of Dubai and Aberdeen Standard Investments. The company offers a suite of Open Banking solutions that modernize payments and reduce costs for various industries.
Keep reading to explore the intricacies of Trustly's fundraising journey and the investors backing this innovative platform.
What Is Trustly?
Trustly, founded on April 1, 2008, in Stockholm, Sweden, specializes in Open Banking solutions. The company was established by Alexandre Gonthier, Carl Wilsson, Joel Jacobsson, and Lukas Gratte.
Trustly offers a range of products, including Trustly Pay, Trustly Payouts, Trustly Connect, Trustly ID, Trustly CashFlow, and Billers. These services enable consumers to make or receive payments directly from their bank accounts, issue secure payouts, and verify identity information.
With a workforce of 251-500 employees, Trustly supports leading brands in boosting their conversion and providing world-class user experiences.
How Much Funding Has Trustly Raised?
- Funding Round: Venture - Series Unknown
- Amount Raised: Not specified
- Date: June 2020
- Lead Investors: Investment Corporation of Dubai (ICD), Aberdeen Standard Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their Open Banking solutions and enhance their market presence.
- Funding Round: Venture - Series Unknown
- Amount Raised: Not specified
- Date: January 2018
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of new products.
- Funding Round: Venture - Series Unknown
- Amount Raised: €23M
- Date: November 2014
- Lead Investors: BDC Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Funding Round: Venture - Series Unknown
- Amount Raised: Not specified
- Date: September 2011
- Lead Investors: Alfvén & Didrikson
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the team.
Total Amount Raised: Not publicly disclosed
Current Valuation: Not publicly disclosed
Key Investors
- Investment Corporation of Dubai (ICD)
- Details: ICD is the principal investment arm of the Government of Dubai. It manages a broad portfolio of assets across various sectors.
- Investment Focus Areas: Real estate, hospitality, financial services
- Notable Investments: Emirates Group, Dubai Aerospace Enterprise, Emaar Properties
- Aberdeen Standard Investments
- Details: Aberdeen Standard Investments is a global asset manager headquartered in Edinburgh, Scotland. It offers a wide range of investment solutions and services.
- Investment Focus Areas: Equities, fixed income, real estate
- Notable Investments: Standard Life, Aberdeen Asset Management, HDFC Life
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners is a division of BlackRock, one of the world's largest asset management firms. It focuses on private equity investments.
- Investment Focus Areas: Private equity, infrastructure, real estate
- Notable Investments: Not publicly disclosed
- BDC Venture Capital
- Details: BDC Venture Capital is a division of the Business Development Bank of Canada. It supports innovative Canadian companies with growth potential.
- Investment Focus Areas: Technology, healthcare, clean technology
- Notable Investments: Not publicly disclosed
- Alfvén & Didrikson
- Details: Alfvén & Didrikson is a private investment company based in Sweden. It focuses on long-term investments in growth companies.
- Investment Focus Areas: Technology, consumer goods, industrials
- Notable Investments: Not publicly disclosed
What's Next for Trustly?
Unfortunately, the information requested about the future of Trustly, including opportunities, future fundraising, and challenges, was not found in the provided sources. The sources either did not exist or contained placeholder content that did not provide any relevant details about Trustly.
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