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
- Industry
- Payments & Fintech
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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