Trustly Acquires Ecospend, Further Strengthening Position In The Uk - One Of Europe'S Fastest-Growing A2A Markets And A Core Growth Market For Trustly
Acquiring Company
Trustly
Acquired Company
Ecospend
StockholmFinancial ServicesMobilePaymentsOtherProfessional ServicesCommunity And LifestyleDescription
Trustly, the leading global payments platform for digital Account-to-Account transactions ("A2A") today announces the acquisition of the UK-based Open Banking Payments platform Ecospend. Ecospend's strong UK A2A product and full bank connectivity will complement and enable Trustly to deliver a market-leading product in the UK, and further accelerate its UK roll-out – one of Europe's most rapidly growing A2A regions and a core growth market for Trustly.
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Frequently asked
Who acquired Ecospend?
Ecospend was acquired by Trustly, based in Stockholm. The deal was reported on May 31, 2022. Trustly is a global payment method. We link the world’s top brands with millions of consumers who instantly transfer, pay, and get refunded in the most secure and convenient way. Trustly is privately held and operates in Financial Services.
When did Trustly acquire Ecospend?
Trustly's acquisition of Ecospend was reported on May 31, 2022. Trustly, the leading global payments platform for digital Account-to-Account transactions ("A2A") today announces the acquisition of the UK-based Open Banking Payments platform Ecospend. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ecospend do?
Founded in 2017, Ecospend is an Open Finance Technology platform. In 2021 Ecospend won one of the largest ever Open Banking contracts, with HMRC. It is privately held, operating in Other.
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