Swedish payments company Trustly announced that the man who served as both the company’s CFO and Deputy CEO, Oscar Berglund, has been appointed CEO. Carl Wilsson, Trustly-co-founder and CEO, will take a new role as VP of Business Development, where he will specialize on strategic product development and implementation.

Saying that this was the “right time” to pass the torch to someone he’d worked with for more than six years, Wilsson said the company was now on a path that would “support a continued high-growth journey.” Andreas Bernstrom, chairman of the company’s board, praised Wilsson’s decision to shift to “a more focused, growth-oriented role” and called his replacement, Oscar Berglund, “a key contributor to the company’s development.”

Oscar Berglund arrived at Trustly in January 2013 from Alpcot Capital Management, where he spent five years as a portfolio manager. Before that, Berglund was a financial analyst and later an associate at Goldman Sachs in the firm’s investment banking division. A veteran of the Swedish Army, where he earned the rank of 2nd lieutenant, Berglund holds an MS in economics and business administration from the Stockholm School of Economics.

“We are in the very beginning of our journey, and I look forward to continue working with the rest of the team in servicing our customers with Trustly’s unique payment solutions,” Berglund said. “I am delighted that Trustly will continue to benefit fully from Carl’s expertise and experience as we together with the rest of our colleagues drive the company forward.”

Founded in 2008 and headquartered in Stockholm, Sweden, Trustly demonstrated its technology at FinovateEurope 2013. The company’s news comes just a month after it announced a partnership with Nordnet Bank, giving the Nasdaq-listed bank access to Trustly’s European instant payments platform which will give customers greater control over their savings and investments. At the beginning of September, Trustly launched its Direct Debit solution, and in August, the company was recognized by CoinTelegraph as one of the “10 hottest Nordic fintech startups.”

Here in the United States we’re still dreaming about bank settlements that occur a few times each business day; however, in Sweden, this increased frequency is already a reality, and customers want transfers to be even faster.

That’s why Stockholm-based Trustly announced today it has partnered with Avanza Bank. With the Trustly integration, bank-to-bank transfers occur in seconds and, as Avanza CEO Martin Tivéus explains, “even in the evenings and on weekends when the ordinary clearing system is closed.”

The agreement went live in December 2015 to offer the bank’s 500,000+ customers real-time direct-deposits over the web. Since then, Trustly has facilitated 115,000 transfers worth $240 million (2 billion Swedish Krona). Last month the bank added mobile capability and today almost 20% of Avanza’s deposits are made using Trustly. The average time for money transfers has dropped from 14,000 seconds to 10 seconds.

Founded in 2008, Trustly launched an alternative ecommerce payments solution at FinovateEurope 2013. In the demo, COO Carl-Henrik Somp demonstrates how the company facilitates payments over Sweden’s largest marketplace, Blocket.se.