Trustly Acquires Slimpay
Paris-based Slimpay, founded in 2010, has been acquired by Trustly to enhance its recurring payments offering. Prime Ventures and Maine Capital are the key shareholders of Slimpay, with investors receiving a total payout of €70m. Trustly’s acquisition of Slimpay aligns with its strategy to provide a comprehensive and seamless payment experience across various digital payment methods.
Expanding Customer Base and Verticals
With the acquisition, Trustly aims to expand its customer base and enter new verticals and geographies. The integration of Slimpay’s capabilities will create an unparalleled network of merchants and consumers in the European recurring payments sector. Trustly’s Group CEO, Johan Tjärnberg, expressed excitement about the collaboration and the potential to build an innovative payment platform across Europe.
A Streamlined Payment Experience
The partnership between Trustly and Slimpay will revolutionize the European recurring payments space by introducing a streamlined payment experience. Together, they will develop a comprehensive platform that caters to the entire repeat payment economy. Jerome Traisnel, CEO of Slimpay, looks forward to working with Trustly to bring this new payment experience to merchants and consumers across Europe.
Advisor to SlimPay and Shareholders
Royal Park Partners served as the exclusive strategic and financial advisor to SlimPay and its shareholders throughout the acquisition process. Their expertise and guidance were instrumental in facilitating the successful transaction.