GP Bullhound advises SlimPay on €15m growth capital investment

Paris, 1 September 2015 - Founded in 2009 by Jérôme Traisnel and Jean-Louis Hoenen, SlimPay quickly established itself as the specialist in recurring payments, subscriptions and repeat purchases, thanks to its expertise regarding the digitalization of SEPA direct debits.

This round of funding, one of the most important in the European FinTech sector this year, marks a new stage in SlimPay’s development and will allow it to support its rapid growth. Already located in the Benelux countries, Germany and United Kingdom, the company is also planning on developing and strengthening its commercial presence in other European countries and internationally, and will open up offices Spain by the end of the year.

Guillaume Bonneton, Partner of GP Bullhound commented: “We are incredibly proud to have advised one of the finest and most promising FinTech companies in France, and to accompany it in its expansion”.

Co-founder and CEO of SlimPay Jérôme Traisnel said: “GP Bullhound’s support and advice were instrumental in helping us find the right investor for the next leg of SlimPay’s journey. Their global contact network and expertise in the FinTech sector area have proven invaluable in this process”.

This transaction underscores GP Bullhound’s international footprint and depth of experience in the FinTech sector, following on from previous successful transactions and investments in the area, including Smava, KnCMiner, Zuto, Treasury Intelligence Solutions, PayOne, Pozitron, Klarna, and Payson.

This is the firm’s 15th transaction in 2015 and its third for the year on the French market, including the $60m capital raise for Believe Digital, led by TCV.

Enquiries
For enquiries please contact: Guillaume Bonneton at guillaume.bonneton@gpbullhound.com

About GP Bullhound
As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with great access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Avito, Delivery Hero, Fjord, King.com, Pingdom, Pozitron and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin and Manchester. For more information, please visit www.gpbullhound.com

About SlimPay
SlimPay is an innovative FinTech company specializing in recurring payments. Awarded the “Innovative Bank Solution” prize in 2012 (Publinews Awards), SlimPay offers a secure, innovative, SaaS-based technological solution integrated into a website to manage recurring payments through SEPA direct debits in Europe. SlimPay also hopes to make the use of bank withdrawals more accessible to guarantee its clients higher conversion rates and to increase their revenues. Founded in 2009 by Jérôme Traisnel and Jean-Louis Hoenen,SlimPay currently employs 42 direct debit specialists in France, Germany, UK and The Netherlands, and serves 2,000 clients in 28 countries, including EDF, Nespresso and Deezer. SlimPay is a payment institution recognized by the French Prudential Supervisory Authority backed by the Banque de France (authorization no. 16346) and member of the France FinTech association. For more information: www.SlimPay.com

About Prime Ventures
Prime Ventures is a leading venture capital and growth equity firm focused on investing in European companies in the technology and related industries. The firm has invested in companies in the Benelux countries, Germany, France, Spain, United Kingdom, Denmark, Finland and Sweden. From its offices in The Netherlands and the UK the independent partnership manages over half a billion euro in committed capital. For more information: www.primeventures.com

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