UK paytech Paysafe reportedly exploring potential sale amid takeover interest – FinTech Futures: Fintech news
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10th February 2025
Paysafe, a UK-based payments platform, is reportedly exploring a potential sale after attracting takeover interest, according to Bloomberg UK.Paysafe reportedly mulling potential saleThe Bloomberg UK report, which cites sources familiar with the matter, does not reveal the identity of the interested parties but says that Paysafe is working with an unnamed financial adviser to evaluate its options. However, Bloomberg UK’s sources add that no deal is guaranteed.Additionally, the report adds that Paysafe is contemplating the sale of “non-core assets” that could occur ahead of any potential sale.FinTech Futures has reached out to Paysafe for comment.Founded in 1996, Paysafe went public in 2020 through a merger with the special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp II, which valued the paytech at $9 billion.As of 6 February, Bloomberg UK reports the company’s valuation was down 80% from its IPO amount, now standing at approximately $1.4 billion.Paysafe employs over 3,300 people and processes an estimated $130 billion in annual transaction volume.It offers a wide range of payment solutions to industries such as gaming, travel, hospitality, and financial services, including pay-by-bank, cryptocurrency and online cash transactions, and card processing capabilities. For individual users, Paysafe provides a digital wallet, a Mastercard debit card, instant transfer services, and more.READ NEXTFintech Jobs
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