San Carlos, United States and Stockholm, Sweden, 16 April 2021 – Trustly, the global leader in Online Banking Payments, is proud to announce the world’s leading fundraising platform, GoFundMe, as a new customer.
Through this innovative integration, a GoFundMe beneficiary can now access and withdraw the money raised on their behalf after a two-step verification process powered by Trustly. First, the beneficiary is verified by GoFundMe’s trust and safety team. Next, they simply select their banking institution, log in with the credentials, and their bank account is securely linked and ready to receive the funds.
The partnership is now live in the US and Canada, with additional countries to be rolled out.
Craig McDonald, Chief Business Officer of Trustly, Inc., says: "By leveraging our products, GoFundMe is demonstrating the value that our global banking connectivity and value-added services have for merchants with a worldwide footprint. We’re proud to be working with such a market-leading innovator and look forward to a successful global partnership.”
Vincent Sloan, Head of Platform Engineering at GoFundMe, says: “GoFundMe is trusted around the world for the simplicity, reliability and safety of our fundraising experience. Trustly’s identity information services complement the robust trust and safety infrastructure we have in place, provide enhanced security, and increase the speed at which funds are disbursed to people, causes and organizations in need.”
Founded in 2008, Trustly is the global leader in Online Banking Payments. Our digital account-to-account platform redefines the speed, simplicity and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to the traditional card networks at a lower cost. Today we serve 8,000 merchants, connecting them with 525 million consumers and 6,300 banks in over 30 countries; and in 2020 we processed over $21 billion in transaction volume in our global network.
Trustly has 500 employees across Europe, North America and Latin America. We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.