TrueLayer has made its biggest move yet in the fast-growing payments space. The company announced a European Pay by Bank merger with Swedish payments firm Zimpler. The deal combines two open banking leaders to accelerate Pay by Bank adoption across Europe.

• The Pay by Bank acquisition brings together TrueLayer’s pan-European payment network and Zimpler’s strong position in the Nordics. By joining forces, the two aim to speed up the transition from traditional card payments to faster, cheaper, and safer account-to-account (A2A) transfers.

• With Zimpler on board, TrueLayer’s network will reach over 20 million users. The merger expands its coverage to key markets including Sweden and Finland, adding the Swish payment rail integration for enhanced A2A capabilities.

• Founded in 2012 by Johan Friis and Kristofer Ekman Sinclair, Zimpler has grown into one of the leading Pay by Bank firms in the Nordics. Its local expertise and regulatory footprint are expected to help TrueLayer strengthen its European operations.

• TrueLayer’s CEO Francesco Simoneschi said the acquisition combines “talent, technology, and scale” to drive the next phase of growth. He added, “We’re not just expanding our footprint — we’re accelerating Pay by Bank adoption across the continent.”

• Zimpler’s CEO Johan Strand said the partnership is “a fantastic opportunity to build the leading Pay by Bank provider in Europe.” He noted that the company will stay anchored in Sweden, maintaining its licence and existing customer relationships.

• The deal remains subject to regulatory approval by Sweden’s Financial Supervisory Authority (Finansinspektionen). Both companies will share updates once the review process is complete.

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