Paysafe
| Type | Public |
|---|---|
| NYSE: PSFE, Russell 2000 component | |
| Industry | Online payments |
| Founded | 1996 |
Key people | Bruce Lowthers (CEO), Dan Henson (Chairman), John Crawford (CFO) |
| Products | Payment processing, digital wallets, online cash solutions |
| Revenue | US$1.71 billion (2024) |
| US$133 million (2024) | |
| US$22 million (2024) | |
| Total assets | US$4.81 billion (2024) |
| Total equity | US$879 million (2024) |
Number of employees | 3,300 (2024) |
| Website | www.paysafe.com |
Paysafe is a multinational online payments company headquartered in London, England. Traded on the New York Stock Exchange under the ticker symbol NYSE: PSFE, Paysafe provides digital payment solutions including payment processing, digital wallets, and online cash systems. The company serves both merchants and consumers across 120 markets and supports over 260 payment types in 48 currencies.[1]
History
Paysafe was formed through the consolidation of several payment companies including Neteller PLC, Netbanx Ltd, and Optimal Payments Limited. Netbanx was founded in 1996, followed by Optimal Payments in 1997 and Neteller in 1999.[2]
In 2004, Neteller PLC raised approximately $70 million in its IPO on the London Stock Exchange. Over the next decade, the company underwent several mergers and rebrandings, eventually becoming Optimal Payments PLC. In 2017, Paysafe was acquired by a consortium led by Blackstone Group and CVC Capital Partners. It re-entered public markets in 2021 via a SPAC merger with Foley Trasimene Acquisition Corp II.[2]
Products and Services
Paysafe offers a wide range of payment solutions:
- Payment Processing: Secure and scalable merchant services for online and in-store transactions.
- Digital Wallets: Brands like Skrill and Neteller allow users to send, receive, and store funds digitally.
- Online Cash Solutions: Paysafecard and Paysafecash enable cash-based online payments without a bank account.
- Risk & Fraud Management: Advanced analytics and fraud prevention tools.
- Mobile Payments: Optimized for mobile-first experiences and real-time transactions.
Paysafe’s platform supports over $152 billion in annualized transactional volume as of 2024.[1]
Subsidiaries
Paysafe operates several well-known brands:
- Skrill
- Neteller
- Paysafecard
- SafetyPay
- PagoEfectivo
- Paysafecash
These subsidiaries allow Paysafe to serve diverse markets and offer localized payment solutions.[2]
Financial Performance
In Q2 2025, Paysafe reported revenue of $428.2 million, beating analyst expectations of $424.8 million. Adjusted EPS was $0.46, slightly above the consensus of $0.45. Despite a 3% year-over-year revenue decline due to divestitures, organic growth was strong: Merchant Solutions grew 6% and Digital Wallets rose 3%.[3]
Paysafe reaffirmed its full-year 2025 guidance, projecting revenue between $1.71 billion and $1.73 billion and adjusted EBITDA between $463 million and $478 million.[3]
Leadership
As of 2025, Paysafe is led by:
- Bruce Lowthers, Chief Executive Officer
- Dan Henson, Chairman of the Board
- John Crawford, Chief Financial Officer
The leadership team emphasizes innovation, compliance, and global expansion.[2]
Global Reach
Paysafe operates in over 12 countries and supports transactions in 48 currencies. Its platform connects businesses and consumers across 260 payment types, making it one of the most versatile payment providers globally.[1]
Awards and Recognition
Paysafe was named a finalist in the 2025 Global FinTech Awards, recognized for excellence in payment technology and innovation.[4]
Controversies
In July 2025, Paysafe’s virtual debit cards were blocked by Dutch rail operator NS due to fraud concerns. Fraudsters exploited the OVPay system to travel without paying, prompting NS and other transport companies to suspend Paysafe’s virtual cards.[5]
Investor Relations
Paysafe is listed on the NYSE under the ticker NYSE: PSFE. Analysts estimate a one-year price target of $15.88, with a high of $22.00 and a low of $12.00. The company’s GF Value is estimated at $19.16, suggesting a potential upside of 68.66%.[6]
See Also
External Links
References
- ↑ 1.0 1.1 1.2 "Paysafe". accessed 2025-08-13.
- ↑ 2.0 2.1 2.2 2.3 "Paysafe - Wikipedia". accessed 2025-08-13.
- ↑ 3.0 3.1 "Paysafe shares soar as Q2 results beat expectations". accessed 2025-08-13.
- ↑ "BizClik Announces Finalists for the 2025 Global FinTech Awards". accessed 2025-08-13.
- ↑ "NS blocks virtual cards from 3 providers over fraud". accessed 2025-08-13.
- ↑ "Paysafe Ltd (PSFE) Q2 2025: Everything You Need To Know". accessed 2025-08-13.