Adevinta-owned LeBonCoin has closed, the peer-to-peer payment service for second-hand vehicle purchases that it acquired in 2019.

Visitors to the site were greeted with a message from the PayCar team, announcing that the site had definitively ceased trading in January.

“Since 2015, we have been securing the payment of used vehicles between individuals. In 2019, we joined the LeBonCoin group, which allowed us to increase the number of people carrying out a transaction with confidence,” wrote the company.

“Today, the PayCar service is closing its doors to make way for LeBonCoin secure payment. You can access it directly from the ads on the LeBonCoin site.”

Founded in 2015, PayCar was the first startup to join LeBonCoin’s accelerator ventures program in 2017. The service was merged into the LeBonCoin platform.

Launched in 2006, LeBonCoin is a subsidiary of Norwegian classified ad company Adevinta. The No. 1 horizontal in France is strong in all verticals, but real estate is its most profitable, accounting for around a quarter of revenue.

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