TrueLayer has announced an agreement to acquire Zimpler, one of the fastest-growing Pay by Bank providers in the Nordic region, in a move that will create one of Europe’s largest account-to-account (A2A) payment networks.
The acquisition combines TrueLayer’s established Pay by Bank infrastructure across major European markets with Zimpler’s strong presence in Sweden, Finland, and other Nordic countries. It positions the combined entity to drive broader adoption of instant bank payments across the continent, offering an alternative to traditional card-based systems.
Following completion, the enlarged network will serve more than 20 million users and incorporate additional functionality, including A2A capabilities through Sweden’s Swish payment rail. The deal strengthens TrueLayer’s goal of building a unified, faster, and more secure Pay by Bank ecosystem across Europe.
Founded in 2012 by Johan Friis and Kristofer Ekman Sinclair, Zimpler has become a key player in the Nordic payments landscape, supporting both merchants and consumers with streamlined bank-based transactions. TrueLayer said the acquisition would accelerate its mission to expand access to cost-effective, compliant, and real-time payment solutions throughout the region.
“I am excited to welcome the Zimpler team to TrueLayer,” said Francesco Simoneschi, Co-founder and CEO of TrueLayer. “We’ve long admired their progress, and we’re excited to add such an incredible group of builders and payment experts to the TrueLayer team We’re not just expanding our footprint in the Nordics – we’re combining talent, technology, and scale to accelerate Pay by Bank adoption across the continent, and further strengthening Pay by Bank as a force of disruption that is changing how the world pays.”
“Joining forces with TrueLayer is a fantastic opportunity to build the leading Pay by Bank provider in Europe” said Johan Strand, CEO of Zimpler. “TrueLayer has a proven track record of innovation and a powerful network. Our combined strengths will allow us to offer an even more compelling proposition to the market. Joining TrueLayer will enable us to reach new heights and drive the next wave of growth in the industry. At the same time, we remain firmly anchored in Sweden, with our local licence and expertise ensuring continuity for our customers.”
