Nordic Capital Acquires Majority Stake in Payments Fintech Trustly

In March 2018, Nordic Capital announced the acquisition of a majority stake in Trustly, a Swedish fintech specializing in online bank payments that enable consumers to pay directly from their bank accounts. Trustly's infrastructure connects merchants and platforms to banks across Europe, facilitating embedded account-to-account payment flows without cards. The investment by Nordic Capital was intended to fuel Trustly's expansion into new markets and verticals.

Trustly's technology allows e-commerce platforms, financial services firms, and other businesses to embed bank-based payment options seamlessly into their checkout and onboarding experiences. Financial terms of the deal were not publicly disclosed. The acquisition underscored investor confidence in open-banking-driven payment infrastructure as a core enabler of embedded finance.

Trustly's model of bridging banks and digital platforms positioned it as a key player in the evolving BaaS and open banking ecosystem.