TrueLayer Acquires Zimpler to Strengthen European “Pay by Bank” Network

United Kingdom / Sweden.– October 23, 2025 – www.zonadeazar.com TrueLayer has announced the acquisition of Zimpler, aiming to cement its status as a leading European Pay by Bank network and accelerate the shift from card-based payments to smarter bank-account based flows.

Overview

The deal brings together two major players in the European Pay by Bank space: TrueLayer contributes its broad scale and pan-European reach, while Zimpler brings strong Nordic market penetration. Together, they aim to deliver a faster, safer and more cost-efficient payments alternative for businesses and consumers.

Details / Context

Founded in 2016 in London, TrueLayer has grown across 20+ countries, processing millions of open-banking transactions.
Zimpler, founded in 2012 in Sweden, is one of the fastest-growing account-to-account payment networks in the Nordics.
The acquisition enables TrueLayer to integrate Zimpler’s technology, expand coverage into Sweden, Finland and other key markets, and add over 20 million user accounts. 
The deal remains subject to regulatory approval by the Swedish Financial Supervisory Authority.

Future Outlook

The agreement marks an important milestone in the evolution of the European payments ecosystem: it strengthens the Pay by Bank alternative to traditional card payments and opens growth opportunities for businesses and regulators.
For the iGaming sector, it may enable faster, safer deposit flows and reduced barriers across regulated jurisdictions.

🔗 Edited by: @_fonta www.zonadeazar.com