TrueLayer, Europe’s leading Pay by Bank network, announced that it has agreed to acquire Zimpler, the fastest-growing Pay by Bank network in the Nordic region. The deal unites two of Europe’s most innovative open banking companies to create a significant force in the continent’s payments ecosystem.
The acquisition strengthens TrueLayer’s mission to build a scalable alternative to traditional card payments, driving faster, safer, and more cost-effective digital payment experiences across Europe. By combining TrueLayer’s pan-European footprint with Zimpler’s established position in the Nordic market, the new entity aims to accelerate the shift toward account-to-account (A2A) payments — an area seeing rapid adoption across the region.
Following the acquisition, TrueLayer will have more than 20 million users and expanded coverage across key markets including Sweden and Finland. It will also gain additional A2A capabilities through the integration of Sweden’s Swish payment rail, further reinforcing its European reach.
Zimpler, founded in 2012 by Johan Friis and Kristofer Ekman Sinclair, has become a key player in Pay by Bank innovation in the Nordics. TrueLayer’s acquisition not only extends its technological capacity but also brings on board Zimpler’s leadership, founders, and shareholders, joining investors such as Stripe, Northzone, and Tiger Global in advancing TrueLayer’s mission to modernize how the world pays.
TrueLayer emphasized that the acquisition represents a strategic step in building a comprehensive pan-European Pay by Bank network capable of competing with legacy systems while empowering consumers and businesses with secure, real-time transactions. The combined expertise and infrastructure of both companies aim to redefine the future of digital payments across the continent.
The deal is pending regulatory approval and has been submitted to Finansinspektionen, the Swedish Financial Supervisory Authority. Once regulatory review is complete, TrueLayer and Zimpler plan to communicate updates through official channels. Perella Weinberg acted as exclusive financial advisor to Zimpler for the transaction.
KEY QUOTES:
“I am excited to welcome the Zimpler team to TrueLayer. We’ve long admired their progress, and we’re excited to add such an incredible group of builders and payment experts to the TrueLayer team. We’re not just expanding our footprint in the Nordics – we’re combining talent, technology, and scale to accelerate Pay by Bank adoption across the continent, and further strengthening Pay by Bank as a force of disruption that is changing how the world pays.”
Francesco Simoneschi, Co-founder and CEO of TrueLayer
“Joining forces with TrueLayer is a fantastic opportunity to build the leading Pay by Bank provider in Europe. TrueLayer has a proven track record of innovation and a powerful network. Our combined strengths will allow us to offer an even more compelling proposition to the market. Joining TrueLayer will enable us to reach new heights and drive the next wave of growth in the industry. At the same time, we remain firmly anchored in Sweden, with our local licence and expertise ensuring continuity for our customers.”
Johan Strand, CEO of Zimpler
