/payments

News and resources on payments systems, innovations and initiatives worldwide.

Paysafe ponders sale - Bloomberg

Publicly-listed online payments firm Paysafe is considering a sale after receiving interest from potential buyers, according to Blomberg.

  0 Be the first to comment

Paysafe ponders sale - Bloomberg

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Shares in Paysafe soared by more than 15% on Thursday after Bloomberg reported the London-based firm is exploring its options with the help of financial advisors.

In addition to a sale, a disposal of non-core assets ahead of any transaction is being considered, says Bloomberg, citing sources.

Paysafe went public in late 2020 through a $9 billion merger with Spac Foley Trasimene Acquisition Corp II. However, the firm's market cap has since collapsed and was stuck at around $1.4 billion yesterday.

Sponsored [Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line Impact

Comments: (0)

[Webinar] Conducting the payments orchestra: Why IT will drive future transaction banking modelsFinextra Promoted[Webinar] Conducting the payments orchestra: Why IT will drive future transaction banking models