Trustly, a global leader in open banking payments, has announced the appointment of Henrik Wallström as its new chief technology officer (CTO) for European operations.
Founded in 2008, Trustly provides secure and efficient open banking payment solutions that allow consumers to make direct payments from their bank accounts without using a card.
The company has expanded its footprint globally and now facilitates transactions across multiple sectors, offering businesses and consumers a streamlined alternative to traditional card payments.
Wallström’s new role comes at a time of significant growth for Trustly. His background in scaling and innovating technology platforms is expected to support the company’s expansion plans in the open banking sector. Recently, Trustly announced it is on track to process $100bn in Total Payment Volume (TPV) annually—a milestone that underscores a major shift towards open banking as businesses increasingly seek alternatives to card-based payment methods.
Based in Stockholm, Wallström brings extensive experience in technology and team leadership from his previous roles at Sinch and Klarna.
In his role at Sinch, Wallström led global technology teams, integrated acquired companies, and worked on establishing a unified technical platform. At Klarna he spearheaded the launch of the BNPL giant’s Consumer Growth domain, focusing on customer expansion.
Wallström also has entrepreneurial experience, having founded Finsit, a business intelligence tool for accounting data, which was ultimately acquired by Wolters Kluwer in 2018 after being adopted by over 30,000 companies.
Trustly’s group CEO, Johan Tjärnberg, commented, “Henrik brings a wealth of experience in building resilient, high-performing systems, which will be invaluable as we strengthen our capabilities. His expertise aligns perfectly with our commitment to delivering a more robust and reliable service for our partners. We are delighted to welcome him to the business as we enter our next phase of growth in the months ahead.”
Henrik Wallström, CTO Europe at Trustly, said, “It’s already been an exciting few weeks since joining Trustly. The business’ technology firmly positions it as a leader in the open banking space. I am looking forward to helping the company to continue to innovate in the years ahead and to support the development of new solutions to fuel growth and increase adoption of our game-changing technology.”
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