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Founder Alex Gonthier Returns as CEO of Trustly, Inc.

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Trustly has announced the return of Alex Gonthier as CEO of Trustly, Inc., the Americas division, effective October 31, 2022. Gonthier is known for his expansive background in FinTech, having previously founded PayWithMyBank and played pivotal roles in various digital payment platforms. Current Group CEO Johan Tjärnberg expressed confidence in Gonthier's leadership abilities for future growth. Trustly, founded in 2008, specializes in Open Banking Payments and serves over 8,100 merchants globally, processing more than $28 billion in transactions in 2021.

Positive
  • Alex Gonthier, a seasoned leader in FinTech, returns as CEO, potentially enhancing strategic growth.
  • Trustly's robust network serves over 8,100 merchants and connects with 525 million consumers worldwide.
Negative
  • None.

SAN CARLOS, Calif.--(BUSINESS WIRE)-- Trustly, the global leader in Open Banking Payments, announces that it will welcome back Alex Gonthier as CEO of Trustly, Inc., the Americas division of Trustly AB, effective October 31, 2022. Gonthier is the founder and former CEO of PayWithMyBank, Inc., which merged with Trustly in June 2019. He transitioned to Executive Chairman in 2021.

In Alex Gonthier’s own words: “I thank John McLane for his leadership during a period of hypergrowth for the company, and look forward to his driving the development of our strategic capabilities and operations as COO moving forward. I’m excited to come back as CEO to further our vision of bringing a financially-responsible payment method to consumers and payment independence to merchants, with a suite of Open Banking solutions at the forefront of financial inclusion and innovation.”

Since 1997, Gonthier has been a serial founder and entrepreneur in FinTech. Gonthier was co-founder and CEO of iPIN, a leading digital payments pioneer where he co-invented Open Banking Payments in 2000 (iPIN was acquired by Aepona and subsequently, Intel Corp.). Gonthier was also the CTO of mobile payments company Paymo, which merged with Boku, the global leader in carrier billing-based payments (now public, LON: BOKU). He was also CEO and Director of digital ticketing platforms Trinity Mobile and Ticketscript (now part of Eventbrite, NYSE: EB).

Johan Tjärnberg, Group CEO for Trustly AB, says: “We are thrilled and grateful that Alex has agreed to return to lead our fastest-growing division. His vast experience in the payments industry and entrepreneurial mindset make him the perfect candidate to lead our next growth chapter in the Americas.”

About Trustly

Founded in 2008, Trustly is a global leader in Open Banking Payments. Our digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to the traditional card networks at a lower cost. Today we serve 8,100 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2021 we processed over $28 billion in transaction volume in our global network.

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.

Andres Suay

VP Marketing, Trustly Americas

+1 (650) 649-8765

andres.suay@trustly.com

Source: Trustly

FAQ

Who is the new CEO of Trustly as of October 31, 2022?

Alex Gonthier has been appointed as CEO of Trustly, Inc. effective October 31, 2022.

What position did Alex Gonthier hold before returning to Trustly?

Prior to his return, Alex Gonthier served as Executive Chairman of Trustly.

What is Trustly's primary business focus?

Trustly focuses on providing Open Banking Payments, connecting merchants directly with consumers through online banking.

How much transaction volume did Trustly process in 2021?

In 2021, Trustly processed over $28 billion in transaction volume.

How many merchants does Trustly serve globally?

Trustly serves over 8,100 merchants worldwide.

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