Johan Tjärnberg appointed Chairman of the Board of Trustly

Stockholm, Sweden, January 15, 2020 – Trustly is pleased to announce that Johan Tjärnberg has been appointed Chairman of Trustly’s Board of Directors.

Johan brings with him extensive operational experience and an impressive track record of innovation within the payments industry. In 2014, Johan founded Bambora, an international payments processor for in-store and online retailers. Following Ingenico’s acquisition of Bambora in July 2017, Johan served as Ingenico’s EVP Small & Medium Business and, until most recently, as EVP of Retail Business. Prior to founding Bambora, Johan served as CFO and later CEO of Point, a leading European payment services provider.

Fredrik Näslund, Partner at Nordic Capital Advisors, says: “Johan has an incredible wealth of knowledge of the payments industry, with valuable experience in building and scaling successful companies internationally. He is ideal to guide Trustly in becoming the global leader in account-to-account payments and as majority owner, Nordic Capital is enthusiastic about supporting Trustly’s continued growth and bringing a unique experience of international expansion by the appointment of Johan.”

Oscar Berglund, CEO of Trustly, says: “Johan’s insights and expertise within the payments industry will make him a great asset to Trustly as we accelerate the development of our payments products to the benefit of our merchants and their customers. I am very much looking forward to working with him.”

Johan Tjärnberg, Trustly’s newly appointed Chairman of the Board of Directors, says: “This is an exciting time to join Trustly’s Board of Directors given the company’s rapid growth. I truly believe in Trustly’s products and I’m impressed by the company’s ability to innovate and adapt in an ever-changing payment landscape. I look forward to helping Trustly to strategically serve its loyal and growing customer base.”

About Trustly

Founded in 2008, Trustly is the global leader in Online Banking Payments. Our account-to-account network bypasses the card networks, letting consumers make fast, simple and secure payments to merchants directly from their online banking accounts. With support for more than 6,000 banks, roughly 600 million consumers across Europe and North America can pay with Trustly. We serve many of the world’s most prominent merchants within e-commerce, financial services, gaming, media, telecom and travel, which all benefit from increased consumer conversion and reduced operations, fraud and chargeback costs.

Trustly has 400 employees across Europe, the US and Latin America. We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.