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Trustly acquires UK open banking company Ecospend

Today Trustly announced its acquisition of the UK open banking company Ecospend.

Ecospend, founded in 2017, is a FCA UK regulated A2A payments provider powering the next generation of open banking based payments and financial data services. Ecospend serves clients in a range of industries, including Public Sector where the company has a key contract with the tax authority of the UK government, HMRC, which went live in March 2021. In the past year, Ecospend has processed over £5bn in A2A payments and has had more than two millions users of its services.

We welcome Ecospend to the Trustly family and are looking forward to our joint continued growth in the U.K

Read the full press release here.


/ The team at Alfvén & Didrikson