TrueLayer Acquires Zimpler to Bolster Pay by Bank Network in Europe

TrueLayer has announced a strategic acquisition of Zimpler, enhancing its position in the European Pay by Bank sector. The deal combines TrueLayer's extensive network with Zimpler's strong Nordic presence, promising a robust alternative to traditional payment methods.

This acquisition signals a shift towards more secure, efficient payment solutions, leveraging high adoption rates of account-to-account payments in the Nordics. The addition of Zimpler's 20 million users and the integration with the Swish payment rail strengthens TrueLayer's European reach.

TrueLayer, founded in 2016, aims to disrupt legacy payment systems, while Zimpler, established in 2012, enhances payment efficiency in the Nordics. This unified force is set to drive Pay by Bank growth across the continent.