BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
Publishing timestamp: 2024-05-30 03:59:51
Summary
Trustly CEO says the company is holding out on an IPO for another year or two to prove the value of its open banking technology to investors. The firm reported strong financial results, with revenues of $265 million in 2023 and a 51% increase in operating profit. Trustly is seeing growth in the U.S. market and plans to launch features for recurring payments and focus on the mobile space.
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