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.”