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Trustly Teams with Mintos Marketplace

Trustly Teams with Mintos Marketplace

Payment solutions company Trustly landed a new client in the peer-to-peer lending space this week. The Sweden-based company announced it has teamed up with Mintos, Europe’s largest P2P marketplace.

The collaboration will allow the almost-100,000 investors at the Latvia-based P2P platform to transfer funds from banks in 29 European countries in real time. Mintos anticipates the partnership will not only simplify but also speed up the process for investors.

In a statement, Mintos CEO and co-founder Martins Sulte commented on the importance of offering “fast and highly secure transfers” and meeting investors’ demand “for a seamless, fast, and simple user experience.” He added, “We are very pleased to be able to grow our offer with both an in-demand payment method and the unrivaled European coverage that Trustly provides.”

Johan Nord, Trustly CCO, discussed the value of synergies within fintech. He said that today’s partnership with Mintos “is an excellent example of how two financial technology businesses can partner to create value for investors by streamlining the transaction process, while also delivering the highest level of transaction security.”

Founded in 2008, Trustly supports card-not-present payments for online merchants and offers a secure way for consumers to transact using their online banking access credentials. At FinovateEurope 2017, the company debuted Direct Debit, a payment offering that removes the pain of entering payment card information by allowing users to transact using their current account by entering their bank login credentials.

Trustly works with more than 3,000 banks across Europe. The company has 215 employees across Sweden, Spain, Malta, Germany, and the U.K. Last month, the company teamed with proptech company Oscar Properties to help clients book and pay for their new apartment online.