TrueLayer, a London-based Pay by Bank network, has announced an agreement to acquire Zimpler, a Sweden-based Pay by Bank provider.

The deal combines two key players in Europe’s account-to-account (A2A) payments space, strengthening TrueLayer’s presence across the region.

The acquisition expands TrueLayer’s network to more than 20 million users, adding coverage in Sweden and Finland, and incorporating Swish payment rail integration.

This move enhances the company’s reach in the Nordic market, where A2A payments already see high adoption rates.

Founded in 2012 by Johan Friis and Kristofer Ekman Sinclair, Zimpler has established a strong position in the Nordics.

Following the acquisition, its founders and shareholders will join TrueLayer’s existing backers, including Stripe, Northzone, and Tiger Global.

“I am excited to welcome the Zimpler team to TrueLayer,”

said Francesco Simoneschi, Co-founder and CEO of TrueLayer.

“We’re combining talent, technology, and scale to accelerate Pay by Bank adoption across the continent.”

“Joining forces with TrueLayer is a fantastic opportunity to build the leading Pay by Bank provider in Europe,”

added Johan Strand, CEO of Zimpler.

“Our combined strengths will allow us to offer an even more compelling proposition to the market, while maintaining our operations and expertise in Sweden.”

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