Open Banking payment platform connecting merchants to 650M+ consumers via bank accounts
Trustly operates a real-time bank-to-merchant payment infrastructure used by 9,000+ merchants across 30+ markets. The tech stack (React, Node.js, Java, AWS, Go) is standard for fintech platforms, but the project list reveals strategic pivots: a next-generation platform overhaul, vertical strategy work around payment lifecycle automation, and LLM integration pipelines suggest expansion beyond core payment routing. Pain points cluster around fraud detection (false positives, accuracy), compliance (sanctions, regulation), and sales execution (ramp time, performance)—typical of a regulated fintech scaling internationally.
Trustly is a Swedish-founded payment institution licensed under PSD2, offering a platform that bridges merchants and consumers via direct bank account connections rather than card networks. The product sits at the intersection of open banking and e-commerce, processing transactions in real-time across 650+ million consumers connected through 12,000 banks. The company operates under dual regulation: Swedish Financial Supervisory Authority oversight in EU/EEA, FCA licensing in the UK, and state-level regulation in the US. Active hiring is concentrated in engineering and product roles, with notable investment in legal and security functions—reflecting the regulatory and compliance depth required in payments infrastructure.
Frontend: React, React Native, JavaScript, TypeScript, HTML, CSS. Backend: Node.js, Java, Go, .NET. Data: SQL, Python, Amazon QuickSight. Infrastructure: AWS, Amazon Bedrock. Monitoring: Prometheus, Kibana, Grafana, New Relic.
9,000+ merchants across 30+ markets connected to 650+ million consumers through 12,000 banks, all processed via Trustly's real-time open banking payment platform.
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