Total amount raised
€23 Million
Latest funding date
6/1/2020
Location
Trustly has successfully raised funds over 4 rounds, with the latest being a Venture - Series Unknown round led by BlackRock Private Equity Partners. The company is backed by 8 investors, including notable names like Investment Corporation of Dubai and Aberdeen Standard Investments.
What Is Trustly?
Trustly is a FinTech company based in Stockholm, Sweden, specializing in online payment solutions. The company operates in various industries, including E-Commerce, Finance, FinTech, Internet, Payments, Privacy, Security, and Social Media.
Founded in 2008, Trustly has grown to employ between 501 and 1000 people. The company focuses on providing secure, fast, and frictionless payment experiences, leveraging advanced data analytics to reduce fraud and improve conversion rates.
How Much Funding Has Trustly Raised?
- Funding Round: Series Unknown
- Amount Raised: EUR 23,000,000
- Date: November 2014
- Lead Investors: BDC Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance their payment solutions.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2011
- Lead Investors: Alfvén & Didrikson
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and expand their services.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: BlackRock Private Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance their market presence.
Total Amount Raised: EUR 23,000,000. Three of the four rounds have undisclosed amounts, and the disclosed round is stated in euros, so no dollar total is shown.
Current Valuation: Not publicly disclosed
Key Investors
- BlackRock Private Equity Partners
- Details: BlackRock Private Equity Partners is a division of BlackRock, one of the world's largest asset management firms. They have participated in multiple funding rounds for Trustly.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: Not publicly disclosed
- BDC Venture Capital
- Details: BDC Venture Capital is a Canadian venture capital firm that supports innovative companies. They led a funding round for Trustly in November 2014.
- Investment Focus Areas: Technology, CleanTech, Industrial
- Notable Investments: Not publicly disclosed
- Alfvén & Didrikson
- Details: Alfvén & Didrikson is a Swedish investment company that focuses on growth-stage companies. They invested in Trustly in September 2011.
- Investment Focus Areas: Technology, Consumer Goods, Industrial
- Notable Investments: Not publicly disclosed
- Investment Corporation of Dubai (ICD)
- Details: ICD is the principal investment arm of the Government of Dubai. They are one of the major investors in Trustly.
- Investment Focus Areas: Real Estate, Financial Services, Transportation
- Notable Investments: Emirates Group, Dubai Aerospace Enterprise, Dubai Duty Free
- Aberdeen Standard Investments
- Details: Aberdeen Standard Investments is a global asset management company headquartered in Scotland. They are a key investor in Trustly.
- Investment Focus Areas: Equities, Fixed Income, Real Estate
- Notable Investments: Not publicly disclosed
What's Next for Trustly?
Trustly continues to operate as a private company, expanding its Pay by Bank payments network with backing from its existing investors.
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