Trustly, a Swedish payments FinTech, is reportedly planning an IPO this year.
In Brief:
-
As a payment processor, Trustly has seen huge growth amid Covid-19.
-
Its majority owner, Nordic Capital, wants to launch an IPO in April or May 2021, according to Reuters.
-
It is reportedly working with Goldman Sachs, JP Morgan and Carnegie toward this goal.
What does this mean?
Trustly was founded in 2008 and processes around four million payments every month. Its most recent funding round, in June 2020, left the firm valued at over $1bn. The most “conservative” of Reuters’s sources say it could be worth between $7.3-9.7bn while another said the valuation could be as high at $11bn.
