Trustly Acquires French Fintech SlimPay in €70 Million Deal
The SlimPay website.
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Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion.
The deal was worth €70 million ($75.7 million), people with knowledge of the matter said, asking not to be named as the figure isn’t public. Trustly, which competes with card companies and digital rivals like PayPal Holdings Inc., plans to use the deal to expand into repeating payments such as subscriptions or donations.