Startups
Ecospend is a financial data and payments platform built exclusively for Open Finance since the inception of PSD2.
We have invested in building direct connections to all supporting banks for three reasons: o introduce new services quickly, to advise our partners on what is and is not possible directly and to keep our operational costs to a minimum, so as to be attractive to our partners.
Led by a group of experienced industry veterans from Banking, Payments, Technology and Digital Media, we have been building bespoke Open Finance ecosystems for businesses across multiple sectors since 2018.
Our mission is to fully leverage the myriad of opportunities brought by emerging Open Banking regulation in the UK, Europe and worldwide.
Ecospend is accredited [and authorised] by the FCA as both an AISP (data services) and PISP (payment facilitation). Today we have full coverage, by API, of all participating banks in the UK. We will be extending our bank coverage in key European markets during 2021 as they come online under the EU specific PSD2 regulations.
Our services are available via APIs, gateways and we have also produced mobile apps for request to pay services [see speedypay.io] and are soon to introduce a radical new approach to accessing financial information: which builds on the learning and techniques and governance introduced by the Self Sovereign Identity community. This service will be introduced under the brand VALIDO [www.valido.io].
We have invested in building direct connections to all supporting banks for three reasons: o introduce new services quickly, to advise our partners on what is and is not possible directly and to keep our operational costs to a minimum, so as to be attractive to our partners.
Led by a group of experienced industry veterans from Banking, Payments, Technology and Digital Media, we have been building bespoke Open Finance ecosystems for businesses across multiple sectors since 2018.
Our mission is to fully leverage the myriad of opportunities brought by emerging Open Banking regulation in the UK, Europe and worldwide.
Ecospend is accredited [and authorised] by the FCA as both an AISP (data services) and PISP (payment facilitation). Today we have full coverage, by API, of all participating banks in the UK. We will be extending our bank coverage in key European markets during 2021 as they come online under the EU specific PSD2 regulations.
Our services are available via APIs, gateways and we have also produced mobile apps for request to pay services [see speedypay.io] and are soon to introduce a radical new approach to accessing financial information: which builds on the learning and techniques and governance introduced by the Self Sovereign Identity community. This service will be introduced under the brand VALIDO [www.valido.io].
Overview
Location
United Kingdom, England, London
Employees
11-50
Founded date
2017
Mentions in press and media 6
| Date | Title | Description |
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| Jun 30, 2025 | Trustly sees nearly £5BN worth of payments processed to HMRC via pay-by-bank in UK tax deadline month | Swedish fintech Trustly today said nearly £5bn worth of payments were processed through the UK tax authority in a tax deadline month via its card alternative system, marking a major increase from 2024. Trustly said in January 2025, it proce... |
| Oct 9, 2024 | Swedish unicorn Trustly says IPO “not around the corner”, despite appointing IPO-experienced CFO | Swedish payments unicorn Trustly says it's unlikely to IPO in the next 24 months, despite yesterday appointing a CFO who oversaw Deliveroo’s listing in the UK. Trustly, which leverages open banking technology to allow its customers to pay d... |
| May 30, 2022 | Trustly acquires Ecospend, further strengthening position in the UK | Trustly acquires Ecospend, further strengthening position in the UK Mon, May 30, 2022 09:00 CET Report this content Stockholm (Sweden), May 30, 2022 – Trustly, the leading global payments platform for digital Account-to-Account transactions... |
| Oct 5, 2021 | Introducing: the 30 companies joining the Fintech 4.0 programme | We are excited to announce the fourth group of fintech companies selected for the Fintech growth programme run by Tech Nation. The 30 companies span more than ten subsectors within fintech, including payments and banking as the most popula... |
| Feb 4, 2021 | HMRC awards Ecospend “largest” open banking contract valued at £3m | HM Revenue & Customs, the UK government’s tax collection department, has issued its “largest” open banking contract yet. The tender, issued in September last year, has entered into the project on time – despite the pandemic-induced econ... |
Reviews 0
FAQ about Ecospend
When was Ecospend founded?
Ecospend was founded in 2017.
What has the press written about Ecospend?
Parsers VC has collected 6 articles mentioning Ecospend, among them “Trustly sees nearly £5BN worth of payments processed to HMRC via pay-by-bank in UK tax deadline month” (Jun 30, 2025) and “Swedish unicorn Trustly says IPO “not around the corner”, despite appointing IPO-experienced CFO” (Oct 9, 2024).
Is Ecospend still active?
Yes, Ecospend is active; its latest activity on Parsers VC dates from Sep 17, 2026.