Trustly Acquires Ecospend

May 30, 2022

Swedish payments platform Trustly AB has acquired UK open-banking payments provider Ecospend Technologies Ltd to strengthen and accelerate its UK expansion. Ecospend — an FCA-regulated PISP/AISP with strong UK bank connectivity and public-sector clients including HMRC — will complement Trustly’s account-to-account capabilities; financial terms were not disclosed and the deal is subject to regulatory approvals.

Buyers
Trustly AB
Targets
Ecospend Technologies Ltd
Location
England, United Kingdom
Transaction Type
Buyout

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