SHIFT · EU
Trustly cuts 200 jobs (25% of staff) to focus on profitable growth markets
Swedish open-banking platform Trustly cut 25% of workforce as it exits unprofitable regions and consolidates on high-margin markets. Reflects broader fintech contraction and shift toward unit-economics discipline.
WHY IT MATTERS
Open-banking vendors retreating from unprofitable geographies; banks relying on such infrastructure face supplier concentration risk and higher pricing as platforms consolidate.
Source: Finextra · 2026-09-24