Swedish FinTech startup Trustly is changing up its top level positions, with CEO Oscar Berglund stepping down to take on the new post of chief business development officer and board chairman Johan Tjärnberg appointed CEO effective Jan. 17, according to a press release emailed to PYMNTS on Tuesday (Dec. 14). Trustly board member Fredrik Näslund, a partner at Nordic Capital Advisors, will assume the duty of chairman of the board.
Tjärnberg took on the role of board chairman in January 2020, bringing with him a long history in the payments sector. He founded the international payments processor Bambora to service merchants both online and in-store.
Following the company’s acquisition by Ingenico in 2017, Tjärnberg stayed on and held several management positions with Ingenico, most recently as executive vice president of retail business.
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Before founding Bambora, Tjärnberg was the CFO and later CEO of the European payments provider Point.
In his new role as chief business development officer, Berglund will tap his knowledge in open banking and work jointly with a wide range of Trustly’s highest-impact stakeholders.
Berglund said it was time to hand the reins to a new CEO as Trustly has grown across Europe and North America and becomes an international company. North America comprises almost 50% of the group’s revenue compared to about one-fifth a year ago, according to the release.
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He pointed to Tjärnberg’s experience scaling global payments businesses and his track record of innovation as traits of the quintessential candidate to lead Trustly.
“I have been CEO of Trustly for more than five years now, working with the fantastic Trustly team. Looking ahead, our operations will continue to grow in terms of both size and complexity,” Berglund said.
Tjärnberg said that Trustly is in an ideal position to “make digital payments seamless” for all.
He added that he’s looking forward to working with the Trustly team to continue driving global expansion.
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