Swedish fintech Trustly receives $40M equity commitment from key shareholders
Summary
Trustly received more than $40 million in equity commitments from two key shareholders to support its growth plan. The company said it will use the capital to build new AI-enabled products. The raise comes after Trustly cut about 200 jobs and after revenue declined last year. Trustly operates an open banking payments platform that lets customers pay directly from bank accounts without using cards or a separate app.
Funding
Amount
$40.0M
Total raised
Date
November 1, 2026
Announcement date
Investors
MasterCard Start Path, Alfvén & Didrikson, BlackRock, Nordic Capital
Lead investors
Company
trustly.com
Funded company
AskAI Classifications
Sectors
Fintech, Banking and Payments
Payment Processing
General FinTech
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Trustly Group AB
$100M to $250M