Blackrock builds stake in unlisted Swedish firm - valued at EUR 935 million

The world's largest asset manager has bought into payment platform Trustly. The owners include other global asset managers.

Photo: Trustly

When a consortium led by the world's largest asset manager, Blackrock, becomes a minority owner of a company like Trustly, this means that the firm's value has surpassed EUR 935m (NOK 10bn), according to sources that have spoken to Techcrunch.

Trustly provides online payment and transfer solutions directly from customers' bank accounts. One advantage of the technology is that the user does not need to enter card details to make purchases. Trustly is used in 30 European countries and has become particularly popular among casinos and gambling companies.

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