The European online payments provider Trustly announced today that it will be acquired by Nordic Capital Fund IX (“Nordic Capital”). Nordic Capital will support Trustly in its ambition to become the leading global online banking payments provider.

Trustly’s largest shareholder Bridgepoint Development Capital will dispose of its full equity interest in Trustly but management, founders and investment company Alfvén & Didrikson will remain significant shareholders in the company.

Nordic Capital is one of Europe’s largest private equity investors and has a pre-eminent payments practice. Its track record in the sector includes the transformation of payment platform Bambora into a global payment market leader and the successful investment in Point, a payment terminal and software company.

Oscar Berglund, CEO of Trustly said: “The shift towards online banking based payment solutions is only in its infancy and we are looking forward to continuing to innovate and execute so as to make it easier, safer and quicker for both consumers and merchants to make payments online. We are delighted to partner with Nordic Capital whose support will be of great value as we grow across merchant verticals, products and geographies. I also want to thank Bridgepoint Development Capital for their exceptional contribution over the last three years.”