Paris based direct payments company, SlimPay, has raised 15m Euro in venture funding from Prime Ventures.
"Today we are witnessing a fundamental shift in consumption patterns, which establishes a new model founded on the usage, and no longer the ownership, of goods and services. SlimPay already supports more than 2000 stakeholders in the subscription economy, such as Deezer, Nespresso, SFR, Price Minister and EDF," states Jérôme Traisnel, SlimPay's co-founder and CEO. Europe possesses a significant advantage over other areas, particularly the United States, namely the interconnection among its various banks and the normalization of its regulation and banking standards (SEPA). Facing a decline in the use of checks and the inadequacy of credit cards for subscription and repeat purchases, the advent of direct payments through bank accounts, coupled with other means of payment, presents a solution with great potential.