Stockholm-headquartered payments company Trustly Group AB announced on Friday that it has named Sara Berg as the firm’s Chief Operating Officer. The position is a newly formed one and Berg will report directly to Oscar Berglund, the Chief Executive Officer for Trustly.

According to the press release

Berg, who holds a Masters of Law, has been with the European payments company since 2012 when she came aboard to serve as the company’s Chief Legal Officer. Prior to that, she held the position of Senior Associate at a Swedish law firm where her focus was on commercial contracts and acquisitions and mergers. She also held a position at the District Court of Stockholm, and in 2017 made Innovative Finance’s, “Women in Fintech Powerlist.”

CEO and new COO comment:

Commenting on the company’s new hire, Berglund said, “I am delighted to announce that Sara Berg has been appointed COO of Trustly. Since joining Trustly in 2012, she has supported all parts of the company across a range of topics and is a proven leader. I will count on Sara in her new role to leverage her experience and knowledge about Trustly and our operational processes to help us grow efficiently.”

For her part, Berg said, “I am proud to have helped Trustly become what it is today and excited to assume the new position as COO going forward. Over the past years, we have seen a rising interest for account-to-account payments, and Trustly is at the forefront of this development, enabling consumers to pay in a convenient and safe way, directly from their bank account and merchants to increase their conversion rates. Our journey is just beginning and I am looking forward to continuing to work together with the rest of the Trustly team to further improve our products for consumers and merchants alike.”

One of Europe’s fastest growing companies:

Just shy of a year ago, the financial technologies firm announced that it had processed upwards of €10 billion ($11.6 billion) since the business was founded in 2008, with approximately €4.1 billion ($4.7 billion) of this handled during the first ten months of 2017. Last year Trustly was also ranked by the Financial Times as one of Europe’s fastest growing companies on the FT1000 list.

Additionally, the company was recognized by the London Stock Exchange as one of Europe’s fast-growing, most inspiring companies.

One-hundred and seventy employees strong, Trustly has regional offices in the United Kingdom, Malta, Spain and  Germany and is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority.