22 December 2022

Vator Securities Sole Global Coordinator and Sole Bookrunner in Trustscale AB’s Private Placement through a primary and secondary equity offering to Priveq

UNDISCLOSED AMOUNT

About Trustscale

Trustscale AB and its operating subsidiary group Verisec International is a global encryption company with a tech platform used by banks and payment providers. Trustscale offers Payment Security and User Authentication to create trust between banks, payment providers, merchants, and consumers through safe digital transactions. A global regulatory paradigm shift now disrupts status quo and triggers payment encryption services to transform from today’s on premises, single client, market to a new outsourced, cloud based and globally scalable offering.

Trustscale has identified an attractive window of opportunity to benefit from the regulatory paradigm shift and roll out Cryptography-as-a-Service (CaaS) to build a global Encryption Cloud Service Provider. Trustscale has grown rapidly with high profitability, and has the key assets needed to succeed in the emerging global payments Encryption Cloud Services space.

The case

  • Trustscale is a leading encryption services provider with the key assets in place to succeed in the emerging cloud-based encryption space.
  • Global presence with long-term customer relations with hundreds of banks and payment processors in the Nordics, Baltics, UK, the UAE, Latin America and South-East APAC, and a highly experienced encryption team.
  • In 2022 Trustscale are expected to generate profitable revenue of above SEK 200 million. The company has some 30 employees located in Sweden, UK, Serbia, Mexico, Australia and UAE. The company’s HQ is located in Stockholm, Sweden.