France-based Worldline, a platform that provides payments and transactional services, announced on Thursday, September 29, that it will acquire a 40 per cent stake in Dutch-based Online Payment Platform (OPP), a payment solutions provider dedicated to marketplaces and platforms.
Richard Straver, founder of OPP, says, “We are proud to join forces with the European leader in payments, Worldline. We can leverage each other’s strengths to improve the service offering to OPP’s client base and roll it out to new geographies for new clients. Our team is delighted to join the Worldline family and embark on this incredibly exciting next growth chapter.”
The deal is expected to close by the end of 2022.
What does OPP offer?
Founded in 2011, Online Payment Platform is an online payment service provider co-led by its founder Richard Straver, and Maurice Jongmans, CEO. The company focuses on digital payments for marketplaces and platforms with a specific focus in the C2C segment.
OPP provide services throughout the European Union and the UK by passporting their 2014-acquired Dutch PI licence. Over a hundred markets and platforms, including PayPal, Gumtree, Royal FloraHolland, and e-Bay Kleinanzeigen (all owned by Adevinta), are served by OPP.
The company says it has strong expertise in customer support for marketplaces, including fast merchant onboarding and dispute management.
How will Worldline support OPP?
OPP was seeking a worldwide strategic partner for growth and to expand within Worldline’s main European markets in order to capture the rapidly expanding market opportunity of marketplaces and platforms.
Marc-Henri Desportes, Deputy CEO of Worldline, says, “I am very happy to announce today that we’ve signed an agreement for this strategic investment in OPP. This enables Worldline to get access to the exciting growth market of digital marketplaces and platforms via OPP’s European footprint and market-leading scalable technology, as we continue to establish Worldline as a truly global paytech leader.”
Worldline claims to be a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by 20,000 employees in more than 50 countries, the company says it provides its clients with sustainable and “innovative” solutions fostering their growth.
Services offered by Worldline include instore and online commercial acquiring, highly secure payment transaction processing, and numerous digital services. In 2021, it generated a proforma revenue of close to €4B.
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