TrueLayer signs agreement to acquire Zimpler

Core Insights - TrueLayer has agreed to acquire Zimpler, a Pay by Bank network in the Nordic countries, to enhance the adoption of Pay by Bank services across Europe [1][4] - The acquisition will provide TrueLayer access to a user base of over 20 million and extend its reach into key markets like Finland and Sweden [2] - The deal is expected to integrate the Swish payment rail into TrueLayer's A2A offerings, further promoting Pay by Bank methods [3] Company Strategy - TrueLayer aims to combine talent, technology, and scale through this acquisition to accelerate Pay by Bank adoption across Europe [4] - The transaction is pending regulatory approval from the Swedish Financial Supervisory Authority [4][5] - TrueLayer plans to keep stakeholders updated on the regulatory review process through official communication channels [5] Market Context - The Nordic region is recognized for its high adoption rates of account-to-account (A2A) payments, making it an ideal testing ground for Pay by Bank systems [2] - The acquisition aligns with broader trends in the payments industry, where companies like Stripe are also exploring Pay by Bank options in markets such as France and Germany [5]