TrueLayer has entered into an agreement to buy Zimpler, a Pay by Bank network in the Nordic countries.

This move is expected to expand the adoption of Pay by Bank services throughout Europe, combining TrueLayer’s network with Zimpler’s presence in the Nordic market.

The acquisition aims to expedite the transition from traditional card payments to secure Pay by Bank methods.

According to TrueLayer, the Nordic region, known for its high adoption rates of account-to-account (A2A) payments, serves as an ideal testing ground for Pay by Bank systems.

Through the acquisition of Zimpler, which was established in 2012 by Kristofer Ekman Sinclair and Johan Friis, TrueLayer will gain access to a user base exceeding 20 million and will extend its coverage to key markets, including Finland and Sweden.

Additionally, the deal will enhance TrueLayer’s A2A offerings with the integration of the Swish payment rail.

TrueLayer CEO and co-founder Francesco Simoneschi said: “I am excited to welcome the Zimpler team to 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.”

The transaction is currently pending regulatory approval, with change in control submitted to the Swedish Financial Supervisory Authority, Finansinspektionen.

TrueLayer noted that it will provide updates on the regulatory review’s outcome via its official communication channels.

For the transaction, Perella Weinberg served as the exclusive financial advisor to Zimpler. 

In July 2025, payments company Stripe, in partnership with TrueLayer, announced plans to introduce a ‘Pay by Bank’ payment option in France and Germany.