Stockholm-based payments company Trustly has received irrevocable and legally binding equity commitment letters of more than $40 million from Nordic Capital (its principal shareholder) and Alfvén & Didrikson, to fund a capital raise in the company, announced October 2, 2026 by its parent company, Trustly AB (publ).
The Capital Raise
The raise will fund the next stage of Trustly’s growth strategy: accelerating the build of new products that leverage AI to turn payments into intelligence, helping businesses win new customers, keep them longer, and stay ahead of risk. Trustly is building on its open banking payments network across the US, Canada, and Europe to create a real-time intelligence platform, so that each interaction becomes smarter than the last.
The capital raise is expected to conclude in November 2026. Trustly’s other existing shareholders will be offered the opportunity to participate, and the final amount will be announced upon completion.
Johan Tjärnberg, Group CEO of Trustly, said: “Trustly is the payments network behind more than 50 million consumers and over $120bn in transactions a year. This puts Trustly in a strong position to take a leading role in shaping the new era of financial services by bringing together payment and data services and using AI to embed real-time financial intelligence. This commitment from Nordic Capital and Alfvén & Didrikson is a vote of confidence in Trustly and where we’re headed.”
Fredrik Näslund, Partner and Head of Technology & Payments at Nordic Capital Advisors, added: “Nordic Capital has backed Trustly since 2018, supporting its development of the largest open banking payments networks in Europe and North America. This commitment reflects a strong confidence in the business and its strategy.”
Hjalmar Didrikson, Co-Founder of Alfvén & Didrikson, said: “Fifteen years on from first backing Trustly, we remain as excited as ever about its future and committed to supporting its continued growth. We look forward to building on this longstanding partnership and supporting the team as it pursues the numerous opportunities ahead.”
About Trustly
Trustly is a global leader in Pay by Bank solutions, enabling fast, secure, real-time transactions through its open banking platform. Partnering with major brands such as PayPal, Virgin Media O2, and Booking.com, Trustly connects over 9,000 merchants to 650+ million consumers via 12,000 banks across 30+ markets. Founded in 2008, the company processed over $100 billion in payments in 2025. Trustly operates under the supervision of the Swedish Financial Supervisory Authority, the UK’s FCA, the ACPR in France, and US state regulators.
