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SlimPay

private placement

Prime Ventures

September 2015

 

About the Client

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. 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.

About the Deal

GP Bullhound acted as the exclusive financial advisor to Paris-based FinTech company SlimPay on a growth capital investment of €15m from Prime Ventures. 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.
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.

Quotes

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”.