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TrueLayer Acquires Zimpler: A Major Step in European Payments

In a groundbreaking move, TrueLayer, recognized as Europe’s premier Pay by Bank network, has clinched a significant acquisition deal with Zimpler, the rapidly growing Pay by Bank service in the Nordic region. The announcement came on October 21, 2025, marking a pivotal moment in the evolution of payment technology across Europe.

This strategic acquisition holds the potential to fundamentally transform the way consumers and businesses process transactions, pushing the boundaries of digital payments. By merging TrueLayer’s extensive network with Zimpler’s expertise and strong foothold in the Nordic market, the collaboration is set to bolster TrueLayer's mission of offering an advanced alternative to traditional legacy payment systems.

Strengthening the European Payments Backbone

The integration of Zimpler into TrueLayer’s operations will not only broaden its reach but also enhance its technological capabilities, as the companies work together to accelerate the migration from outdated card payment systems to smarter, more efficient, and secure Pay by Bank solutions. The Nordic region has already demonstrated some of the highest adoption rates for account-to-account (A2A) payments globally, making Zimpler an invaluable asset in further expanding TrueLayer’s influence in the European marketplace.

After the acquisition, TrueLayer will boast a user base exceeding 20 million and extend its services across pivotal markets such as Sweden and Finland. Moreover, TrueLayer will integrate Zimpler’s A2A capabilities via the Swish payment rail, significantly enhancing its pan-European network and fostering a transition to safer, faster, and cost-effective payment methods.

Driving Innovation and Growth

Founded in 2012 by Johan Friis and Kristofer Ekman Sinclair, Zimpler’s rapid ascent in the Nordic payment sector is a testimony to its innovative offerings. TrueLayer’s CEO, Francesco Simoneschi, expressed his excitement about this acquisition, stating, “We've long admired Zimpler's progress, and we’re thrilled to combine our talents and technologies to further expedite Pay by Bank adoption throughout Europe.” This sentiment reflects TrueLayer's commitment to driving disruption in the payments landscape.

Johan Strand, the CEO of Zimpler, echoed this enthusiasm: “Joining forces with TrueLayer presents a remarkable opportunity to create the leading Pay by Bank provider in Europe. TrueLayer's history of innovation complements our vision, and together we will meet the market's evolving demands.” He reassured existing customers that Zimpler would maintain its local expertise and licensing in Sweden during this transition.

Regulatory Considerations and Future Plans

The acquisition deal, however, awaits regulatory approval from the Swedish Financial Supervisory Authority. Once this hurdle is crossed, TrueLayer and Zimpler will be able to unveil their combined capabilities and offerings to the market. In addition, the transaction has been advised by Perella Weinberg, acting as Zimpler's exclusive financial advisor.

TrueLayer has firmly positioned itself as a leader in the payments sector since its inception in 2016, allowing businesses to harness real-time bank payments and financial data, thus transforming how payments are processed across Europe. With a presence in 22 countries and a rapidly growing clientele, TrueLayer remains dedicated to unlocking the complete potential of modern payment solutions.

Zimpler, on the other hand, has made its mark by providing instant payment solutions that enhance transaction security and operational efficiency for businesses across various industries. By joining forces, the two companies aim not only to consolidate their strengths but also to drive the next wave of payment innovations, setting the stage for a future where traditional payment methods give way to more viable and modern alternatives.

In conclusion, the union of TrueLayer and Zimpler heralds a new era for the European payments industry, aimed at fostering greater competition, innovation, and value for both businesses and consumers. The industry can expect exciting developments and enhanced services as TrueLayer accelerates its mission to revolutionize how the world pays.