Paysafe

For the namesake prepaid payment method, see paysafecard.

Paysafe Limited
Company typePublic company
ISINBMG6964L1072
IndustryOnline payments
Founded1996; 28 years ago (1996)[1]
HeadquartersLondon, England
Key people
Dan Henson[2]
(Chairman)

Bruce Lowthers[3][4]
(CEO)

Alex Gersh[5][6]
(CFO)
ProductsElectronic money
Digital wallet
RevenueIncrease US$1.496 billion (Fiscal Year Ended 31 December 2022)[7]
Decrease US–$1.872 billion (Fiscal Year Ended 31 December 2022)[7]
Decrease US$–1.862 billion (Fiscal Year Ended 31 December 2022)[7]
Total assetsDecrease US$5.957 billion (Fiscal Year Ended 31 December 2022)[7]
Total equityDecrease US$0.859 billion (Fiscal Year Ended 31 December 2022)[7]
Subsidiaries
WebsitePaysafe Limited

Paysafe Limited (formerly known as Optimal Payments PLC) is a multinational online payments company.[8] Paysafe offers payment processing, digital wallet and online cash systems to businesses and consumers, with particular experience of serving the global entertainment sectors.[9] The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Neteller, Skrill, SafetyPay, PagoEfectivo, Paysafecash and paysafecard.

Legally domiciled in Bermuda, Paysafe’s corporate headquarters are in the United Kingdom. Various Paysafe group companies hold a number of licences from different national and state regulators including the U.S. Securities and Exchange Commission, Financial Conduct Authority and the Central Bank of Ireland. The company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by a consortium of The Blackstone Group and CVC Capital Partners in December 2017.[10] Paysafe then listed on the New York Stock Exchange on March 31, 2021 (ticker PSFE) following a merger with special purpose acquisition company Foley Trasimene Acquisition Corp II.[11][12]

  1. ^ "NETBANX Limited: Private Company Information". Bloomberg News. Retrieved 26 March 2015.
  2. ^ "Paysafe appoints daniel henson to refresh boardroom leadership". casinobeats.com/. 4 March 2022. Retrieved 4 March 2022.
  3. ^ "Paysafe Stock Rises as New CEO Lowthers Is Appointed". Barrons. 8 April 2022. Retrieved 9 May 2022.
  4. ^ "Bruce F Lowthers profile". Bloomberg. Retrieved 9 May 2022.
  5. ^ "Paysafe hires Alex Gersh from Sportradar as its new CFO". Gambling Insider. 30 August 2022. Retrieved 3 October 2022.
  6. ^ "Alex Gersh is Named Paysafe's Newest Chief Financial Officer". Yahoo! Finance. 30 August 2022.
  7. ^ a b c d e "PaySafe Group Limited 2022 Annual Report" (PDF). paysafe.com. 15 March 2023. Retrieved 19 June 2023.
  8. ^ "Optimal Payments PLC (OPAY.L) Company Profile". Reuters. Retrieved 26 March 2015.
  9. ^ "Paysafe Reports First Quarter 2023 Results; Reaffirms Full Year Outlook". Yahoo Finance. 16 May 2023. Retrieved 20 June 2023.
  10. ^ Cite error: The named reference hogan was invoked but never defined (see the help page).
  11. ^ "Paysafe completes business combination with Foley Trasimene Acquisition Corp II". Yahoo Finance UK. Retrieved 5 November 2021.
  12. ^ "Paysafe completes merger of Foley Trasimene". ATM Marketplace. 31 March 2021. Retrieved 5 November 2021.