Trustly Secures $40M+ Equity Commitment for Open Banking Growth

What happened

Open banking payments provider Trustly has secured signed equity commitment letters worth more than $40 million from existing investors Nordic Capital and Alfvén & Didrikson. The fresh capital is earmarked to fund the company's next phase of growth as it continues to expand its account-to-account payments business.

According to Finovate, the commitment letters formalise continued backing from two investors already embedded in Trustly's ownership structure, rather than introducing new strategic partners. The funding is positioned by the company as support for scaling its open banking infrastructure rather than for a specific acquisition or market entry.

Why it matters

Open banking has moved from regulatory experiment to a mainstream payments rail in many markets, and funding rounds of this kind signal that investors still see durable growth in account-to-account payments as an alternative to card networks. For banks, merchants and payment platforms, continued capital flowing into infrastructure players like Trustly suggests the underlying technology and commercial model are maturing rather than plateauing.

For leaders in digital transformation and financial services, the development is a reminder that the back-end plumbing of payments — authentication, bank connectivity, settlement speed — remains an active investment area. Decisions about which open banking partner to build on are increasingly long-term infrastructure bets, not short-term vendor choices.

By the numbers

• $40 million+ in signed equity commitment letters secured by Trustly
• Two investors named: Nordic Capital and Alfvén & Didrikson

The Renascence take

Funding announcements in payments infrastructure rarely make headlines for their experience implications, but they should. Every round that strengthens an open banking provider's balance sheet is, indirectly, a round that shapes how quickly and reliably millions of end customers can pay, get refunded, or verify their identity at checkout.

The real story here isn't the headline number — it's what sustained investor confidence in open banking says about customer behaviour shifting toward bank-linked payments as a trusted default, not a fallback. Merchants and banks evaluating open banking partners should treat capital strength as a proxy for reliability: a well-funded infrastructure provider is one less point of failure in a payment journey that customers already find invisible when it works and infuriating when it doesn't. The operators who win here will be the ones who stop thinking of open banking as a technical integration and start treating it as a core piece of their service design.