Ecospend - About the company
Ecospend is an acquired company based in London (United Kingdom), founded in 2017 by Sebastian Hybbinette and Sebastian. It operates as an Open banking API solutions for banks and financial institutions. The company has 658 active competitors, including 154 funded and 61 that have exited. Its top competitors include companies like Razorpay, TrueLayer and Moniepoint.
Company Details
Open banking API solutions for banks and financial institutions. It enables banks to offer services including payment gateways for accepting online payments, data services for accessing bank data, an app-based platform for financial data analysis, and more. It features fraud prevention, real-time data access, and more.
- Website
- ecospend.com
- Social
- Email ID
- *****@ecospend.com
- Registered Address
- 1 Bray Place, London, United Kingdom
Key Metrics
Founded Year
2017
Location
London, United Kingdom
Stage
Acquired
Ranked
207th among 658 active competitors
Employee Count
22 as on Sep 30, 2026
Exit Details
Acquired by Trustly (May 30, 2022)
Legal entities associated with Ecospend
Ecospend is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Ecospend Technologies Limited CIN: 11114967 , United Kingdom, Active | Dec 17, 2017 | - | 13 (As on Jan 31, 2022) |
Ecospend's acquisition details
Ecospend got acquired by Trustly on May 30, 2022.
Click here to take a look at Ecospend's acquisition in detail
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Ecospend's funding and investors
Ecospend has not raised any funding rounds yet.
Ecospend's founders and board of directors
Founder? Claim ProfileThe founders of Ecospend are Sebastian Hybbinette and Sebastian. Mertin Erkman is the CEO of Ecospend.
Here are the details of Ecospend's key team members:
- Sebastian Hybbinette: Co-Founder of Ecospend.
- Sebastian: Co-Founder of Ecospend.
- Mertin Erkman: CEO of Ecospend.
View details of Ecospend's Founder profiles and Board Members
Ecospend's employee count trend
Ecospend has 22 employees as of Sep 26. Here is Ecospend's employee count trend over the years:
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Ecospend's Competitors and alternates
Top competitors of Ecospend include Razorpay, TrueLayer and Moniepoint. Here is the list of Top 10 competitors of Ecospend, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking infrastructure for digital payments and verification | $322M | 78/100 | |
3rd |  Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for business and individual users | $266M | 75/100 | |
4th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
5th |  Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
6th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
7th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 71/100 | ||
8th |  Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
9th | Platform offering open banking API | $158M | 70/100 | ||
10th | Yapily 2017, London (United Kingdom), Series B | Provider of open banking platform facilitating payments and financial data access | $70.8M | 69/100 | |
207th |  Ecospend 2017, London (United Kingdom), Acquired | Open banking API solutions for banks and financial institutions | - | - | 45/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Ecospend's competitors? Click here to see the top ones
Ecospend's Investments and acquisitions
Ecospend has made no investments or acquisitions yet.
Reports related to Ecospend
Here is the latest report on Ecospend's sector:
News related to Ecospend
Filter this listMedia has covered Ecospend for 1 event in last 1 year, It was about company updates.
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UK adds open banking to GOV.UK One Login identity verification with £4.7M Ecospend contractBiometricUpdate.com•Oct 07, 2026•Ecospend, Trustly
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Trustly’s Ecospend Retains Its key Open Banking Contract With HMRCEIN Presswire•Sep 16, 2024•Ecospend, Gov
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Ecospend, a Trustly Company, Joins All-Party Parliamentary Group on Open Banking and PaymentsFintech Finance•Apr 27, 2023•Ecospend, Trustly
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Ecospend joins All-Party Parliamentary Group on open banking and paymentsBusiness Money•Apr 27, 2023•Ecospend
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Ecospend Joins PIMFA WealthTech as Innovation Partner to Pioneer New Open Finance Solutions for the Wealth SectorFintech Finance•Apr 13, 2023•Ecospend, PIMFA Wealthtech
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