Overview of the transaction
Trustly, a global payment method, has agreed to acquire SlimPay, a European leader in recurring payments.
The combination will allow the companies to further enhance their recurring payments propositions whilst expanding their customer base across new verticals and geographies.
The transaction is subject to customary regulatory approvals.
Overview of SlimPay
Founded in 2010, SlimPay is a leading European Account-to-Account (A2A) payment fintech serving top merchants with recurring payment needs.
SlimPay connects merchants directly to their customers, manages payment plans and automates collection of Variable Recurring Payments.
SlimPay facilitates customer acquisition, increase customers lifetime value and maximize merchants’ revenue – through SEPA Direct Debit and Open Banking capabilities.
SlimPay serves 2,000 merchants in 20+ countries across several industries, such as Utilities, Insurance, Transportation, Media, Fitness, and Financial Services.
SlimPay is a licensed Payment Institution under the under the second payment services directive (PSD2) and operates under the supervision of the French banking regulator (ACPR) in Europe.
Royal Park Partner's Role
Royal Park Partners acted as exclusive financial and strategic advisor to SlimPay and its shareholders throughout the transaction.
This transaction highlights Royal Park Partners’ extensive experience in the European payments space, and supporting companies achieve strategic exits.
SlimPay Co founder & CEO
It was a pleasure working with Royal Park Partners as our trusted partners for this transaction. In a challenging M&A environment, Aman, Abhi and the team’s continuous engagement throughout the entire process was key in helping us to identify the best path to accelerate the execution of our ambition. We valued their open and collaborative approach, their deep payment domain expertise and international footprint.
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