Trustly completes SlimPay Acquisition

Swedish fintech Trustly has announced the completion of its SlimPay acquisition.

The company is aiming to accelerate the development of the recurring payment landscape in Europe and considers the acquisition a major step towards the development of the overall recurring payment landscape across the region.

By incorporating its solutions with SlimPay’s suite of services, Trustly aims to reinforce its commitment to provide a comprehensive and secure Open Banking-enabled, pan-European recurring payments tool.

What Can be Expected from the Deal?

SlimPay is expected to bring multiple strong partnerships with renowned brands and businesses in several industries, such as insurance, transportation, fitness, and media.

The unified solutions of the two firms, including Trustly’s proprietary and frictionless payment experience with SlimPay’s expertise in the Single Euro Payments Area (SEPA) direct-debit capabilities is expected to set a new standard in the industry, for merchants and traders across the UK and the overall Europe.

The acquisition follows the initial statement announced in August 2023 and the subsequent receipt of regulatory approvals from the French banking supervision authority, the ACPR.

The newly-formed partnership will also combine Trustly’s expansive reach with SlimPay’s specialized expertise, which will design a comprehensive, secure offering.

With the regulatory approval being currently secured, SlimPay’s integration into Trustly Group is expected to meet the needs, preferences, and demands of customers and clients in an ever-evolving recurring payment throughout the region of Europe, while also remaining compliant with the laws and requirements of the local industry.

To this date, Trustly remains one of the most popular payment methods used for online gaming and the latest acquisition is sure to consolidate its position on the market.

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