Johan Tjärnberg Appointed as CEO of Trustly

Stockholm, Sweden, December 14th, 2021 – Oscar Berglund has decided to step down as CEO to assume a new role at Trustly as Chief Business Development Officer. The Board of Directors has decided to appoint Johan Tjärnberg, currently Chairman of Trustly, as the new CEO starting January 17th, 2022. Fredrik Näslund, Board Member at Trustly, and Partner at Nordic Capital Advisors will take on the role as Chairman of the Board.

Over the past year, Trustly has seen significant growth, both in Europe and North America, with North America now representing close to half of total group revenue compared to around one-fifth a year ago. As Trustly is becoming an increasingly large, global and more complex company, Oscar Berglund thinks the time is right to hand over to a new CEO. Johan Tjärnberg is an ideal candidate for this role as he brings invaluable experience from scaling global payments businesses and also has an impressive track record of innovation within the payments industry. 

Fredrik Näslund, Board Member at Trustly, and Partner at Nordic Capital Advisors comments: “The Board of Directors is delighted that Johan Tjärnberg has agreed to take on the role as CEO. The Board would also like to thank Oscar Berglund for his dedication and instrumental contributions to Trustly since inception of the business more than ten years ago. Going forward, Oscar will remain as an engaged shareholder and work closely with Johan in the new role of Chief Business Development Officer.”

Johan Tjärnberg, Trustly’s newly appointed CEO, comments: "I am motivated and engaged to assume the role as CEO of Trustly. Trustly is perfectly positioned to make digital payments seamless for everyone by connecting consumers and merchants through their bank account and I am looking forward to being part of the team that will continue to drive Trustly’s global expansion going forward.

Oscar Berglund, currently CEO, comments: "I have been CEO of Trustly for more than five years now, working with the fantastic Trustly team. Looking ahead, our operations will continue to grow in terms of both size and complexity. I have worked with Johan for two years and can for the coming phase of the Company’s development think of no better candidate for the Trustly CEO job. I look forward to continuing to work closely with him and the rest of the team in my new role as Chief Business Development Officer, which will allow me to focus on Trustly’s high-impact projects and stakeholder interactions.”

Johan Tjärnberg has held the role of Chairman of Trustly’s Board of Directors since January 2020 and has a long track record in the payments industry. In 2014, Johan founded Bambora, an international payments processor for in-store and online retailers. Following Ingenico’s acquisition of Bambora in July 2017, he held several positions in the Ingenico management team, most recently as EVP of the Retail Business. Prior to founding Bambora, Johan served as CFO and later CEO of Point, a leading European payment services provider. 
Oscar Berglund’s new role will draw on his deep expertise in open banking and will include interactions with a range of Trustly’s highest-impact stakeholders.

About Trustly

Founded in 2008, Trustly is a global leader in Online 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 2020 we processed over $21 billion in transaction volume in our global network.  

Trustly has more than 600 employees across Europe, North America and Latin America. 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.  

Press contact
Meredith Popolo, Head of PR and Communications at Trustly, meredith.popolo@trustly.com, +46 (0)70-961 15 83