Kustom agreed on 26 March to acquire the merchant contracts of Vipps MobilePay Checkout in a deal worth up to NOK490m.
Why Kustom AB is buying Vipps MobilePay Checkout (merchant contracts)
Kustom said the purchase is part of its European expansion and expected it to lift operating profit from the second quarter of 2026. Under a parallel partnership, merchants wanting Vipps MobilePay payment methods will be recommended Kustom's checkout, and Kustom merchants will be offered Vipps MobilePay products.
Deal terms and financing
Kustom pays NOK408.7m upfront in cash, with up to NOK81.7m more depending on the business's performance in the 12 months after completion. The price was to be financed from existing funds.
Regulatory approvals and timing
Kustom said closing would take place on 30 April 2026, with merchants migrated on a rolling basis from the second quarter and the process completed in early 2027. Its first-quarter report said the proceeds of a directed share issue were used to acquire the contracts.
Market context
Tech.eu put the value of the deal at about €43.8m. Kustom, based in Stockholm, provides embedded checkout solutions for online merchants.
