- Headquarters
- Quad Central, Q3, Level 3, Triq L-Esportaturi, Zone 1, Central Business District, Birkirkara CBD 1040, Malta
Trumia Ltd is a Maltese-licensed Electronic Money Institution (EMI) and Payment Services Provider authorised and regulated by the Malta Financial Services Authority (MFSA). Operating from its headquarters in Birkirkara, the company offers a full suite of digital financial services tailored to both businesses and individuals. Trumia focuses on sectors that often encounter friction in payment processing, providing multi-currency e-money accounts, global payment flows via SEPA and SWIFT, peer-to-peer (P2P) transfers, and Open Banking payment initiation. Its proprietary Trumia Platform – accessible via web and the Trumia Pay mobile app – acts as a centralised treasury assistant, managed liquidity and enabling fast, compliant cross-border transactions. At the helm is CEO Mark Curmi, a seasoned financial services professional with a background in banking, KPMG consultancy, and hands-on startup building. The company maintains a lean team of 2–10 employees and is privately held, underscoring its agile, technology-driven approach to modern payments.
Detailed Review
Background and Licensing
Trumia was built from the ground up to address pain points in traditional payment infrastructures, particularly for underserved sectors such as online gaming, e-commerce, and other high-volume, cross-border businesses. By obtaining an EMI licence in Malta, the institution gained the ability to passport its services across the European Economic Area, giving it a broad regulatory footprint.
Products and Platforms
Its product offering centres on multi-currency business and consumer accounts that support real-time settlement, foreign exchange, and seamless integration through APIs. The Trumia Platform features automated compliance workflows (KYC/AML), transparent fee structures, and a structured onboarding process designed to reduce delays. A standout feature is its Open Banking functionality, enabling users to initiate payments directly from third-party bank accounts.
Compliance and Security
The company also prioritises security and regulatory adherence, leveraging the MFSA’s oversight to build trust with clients in risk-sensitive industries. While Trumia is relatively small in headcount (2–10 employees), it targets scalability through technology rather than labour, positioning itself as a nimble, client-centric alternative to legacy payment processors.
Market Position and Leadership
CEO Mark Curmi, who joined the firm during its formative licensing and launch phase, leads a senior team drawn from niche financial sectors, though no other C-level executives are publicly named. The company has not announced any external funding rounds or major partnerships in public channels and remains privately held. As a new-generation EMI, Trumia’s value proposition lies in combining regulatory compliance, user-friendly digital tools, and specialised sector knowledge – particularly for clients who struggle with standard banking solutions.
Key Products
Trumia Multi-Currency Accounts
E-money accounts for B2B and B2C, supporting multiple currencies and global payment flows.
Trumia Pay (mobile app)
Personal treasury assistant app enabling P2P transfers, balance management, and payment initiation.
SEPA/SWIFT Connectivity
Local and international payment rails for cross-border transactions.
Open Banking Payment Initiation
Ability to initiate payments from third-party bank accounts via open banking APIs.
Trumia Platform
Web-based and mobile dashboard for account management, compliance, and transaction oversight.
Key Persons
Mark CurmiChief Executive Officer (CEO)
Notable past members
- Mark Curmi — CEO & Executive Director