Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers. The company also provides eCash solutions, such as Paysafecash, a bill payment eCash solution that allow users to shop online and then pay offline in cash to finalize the transaction; paysafecard, a prepaid eCash solution; and paysafecard prepaid Mastercard that can be linked to a digital paysafecard account and used to make purchases. In addition, it offers integrated processing solutions, including a range of PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers comprising merchant acquiring, transaction processing, online solutions, gateway solutions, fraud and risk management tools, data and analytics, POS systems and merchant financing solutions, as well as support services for independent distribution partners. Paysafe Limited is based in Hamilton, Bermuda.
IPO Year: 2021
Exchange: NYSE
Website: paysafe.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2024 | $19.00 | Buy | BTIG Research |
| 11/30/2023 | $11.00 | Hold | Jefferies |
| 10/20/2023 | $10.00 | Sell | UBS |
| 8/31/2022 | $5.00 → $2.00 | Positive → Neutral | Susquehanna |
| 8/11/2022 | $4.00 → $3.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/11/2022 | $2.25 → $2.00 | Neutral → Underperform | Credit Suisse |
| 3/3/2022 | $13.00 → $9.00 | Positive | Susquehanna |
| 3/3/2022 | $4.00 → $3.50 | Neutral | Credit Suisse |
| 3/3/2022 | $9.00 → $5.00 | Outperform | RBC Capital |
| 3/2/2022 | Buy → Underperform | BofA Securities |
BTIG Research initiated coverage of Paysafe with a rating of Buy and set a new price target of $19.00
Jefferies initiated coverage of Paysafe with a rating of Hold and set a new price target of $11.00
UBS initiated coverage of Paysafe with a rating of Sell and set a new price target of $10.00
Susquehanna downgraded Paysafe from Positive to Neutral and set a new price target of $2.00 from $5.00 previously
RBC Capital Mkts downgraded Paysafe from Outperform to Sector Perform and set a new price target of $3.00 from $4.00 previously
Credit Suisse downgraded Paysafe from Neutral to Underperform and set a new price target of $2.00 from $2.25 previously
Susquehanna reiterated coverage of Paysafe with a rating of Positive and set a new price target of $9.00 from $13.00 previously
Credit Suisse reiterated coverage of Paysafe with a rating of Neutral and set a new price target of $3.50 from $4.00 previously
RBC Capital reiterated coverage of Paysafe with a rating of Outperform and set a new price target of $5.00 from $9.00 previously
BofA Securities downgraded Paysafe from Buy to Underperform
Central Bank of Brazil grants Paysafe a payment institution license for launch of LATAM's largest regulated online sports-betting market Paysafe (NYSE:PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the country's launch of its regulated online sports-betting and gambling market. The license allows Paysafe to expand its payment partnerships with iGaming operators into Latin America's most populated country as well as support Brazilian merchants in a range of other industries with eCommerce payments. The PI license enables Paysafe, which also recently joined the Brazilian Asso
UATP enables Copa Airlines to enhance security and provide more payment options to travelers with the addition of Paysafe's solutions WASHINGTON, Dec. 18, 2024 /PRNewswire/ -- Panama's leading airline, Copa Airlines, has partnered with UATP, the renowned global network enabling organizations to simplify payment processes. The partnership will integrate with Paysafe, a leading payments platform, through its SafetyPay solution, into Copa Airlines' payment offerings at Copa.com, enabling online cash payments, bank transfers, PIX instant payments and cross-border transactions for consumers worldwide.
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the third quarter of 2024. Third Quarter 2024 Financial Highlights (Metrics compared to third quarter of 2023, unless otherwise noted) Revenue of $427.1 million, increased 8%; increased 7% on a constant currency basis Total Payment Volume of $37.5 billion, increased 7% Net loss of $13.0 million, or ($0.21) per diluted share, compared to net loss of $2.5 million, or ($0.04) per diluted share Adjusted net income of $31.4 million, or $0.51 per diluted share, compared to $35.3 million, or $0.57 per diluted share Adjusted EBITDA of $117.8 million, incr
Paysafe (NYSE:PSFE) has partnered with Deutsche Bank AG, Germany's largest retail bank, to provide private customers with easy access to cash services. Powered by Paysafe's barcode solution, Paysafecash (marketed in Germany as "viacash"), banking customers in Germany will be able to deposit and withdraw cash seamlessly to and from their bank accounts. This service will be available for private customers first for the Postbank brand in November and is planned to be rolled out to the Deutsche Bank brand in the second half of 2025. In order to deposit or withdraw a specific amount, customers create a barcode in their banking app using the feature "Bargeld Code" (which translates to "cash code
Paysafe Limited (NYSE:PSFE), a global payments platform, will announce third quarter 2024 financial results on Wednesday, November 13, 2024, before market open. Management will host a live webcast to discuss the results at 8:30 a.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain available via the same link for at least one year. Webcast and Conference Call Information: Time: Wednesday, November 13, 2024, at 8:30 a.m. ET Webcast: Go to the Investor Relations section of the Paysafe website
GiG selects Paysafe as strategic payment provider for global operators integrating its leading CoreX B2B iGaming solution Paysafe (NYSE:PSFE), a global payments platform, today announced a strategic partnership with Gaming Innovation Group or "GiG" (First North: GIG SDB), a leading B2B iGaming technology company. Under the agreement, Paysafe becomes the GiG-endorsed payments platform for all UK, continental European, North American and Latin American operators integrating its market-leading CoreX solution. Launched by GiG in January, CoreX is an AI-driven player account management (PAM) platform serving online casino and sports-betting brands, giving operators the flexibility to localize
Former CEO of BBDO Group Germany brings wide experience in finance, auditing, and brand building to Paysafe Board Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that it has appointed Marianne Heiss as a new independent non-executive board director and member of the Audit Committee effective today. Heiss joins as an additional member of the board, which is led by chairman Dan Henson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924921648/en/Paysafe Appoints Marianne Heiss as Non-Executive Director (Photo: Business Wire) Heiss brings a wealth of experience in finance, ac
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th, and will step down as Chief Financial Officer. Alex will remain with Paysafe in his new role for an undefined period, but at least through the end of the year. John Crawford joins Paysafe as Alex's successor, effective immediately, and will be based in the company's North American headquarters located in Jacksonville, Florida. "Looking to the future, Paysafe is entering a different chapter of growth where we will focus on scaling the business and ensuring that we can capitalize on opp
LONDON, Aug. 15, 2024 /PRNewswire/ -- When it comes to spending habits and payment options, the times are a-changing! According to global payments platform Paysafe's (NYSE:PSFE) report, 'Inside the Wallet: How consumers are spending and saving in 2024', over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9278351-paysafe-consumer-spending-habits-report/ Some more findings include: Debit cards (53%) are the top payment m
Paysafe's annual Inside the Wallet report polled the spending and saving habits of 14,500 people across age groups from around the world Over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash, according to new research from Paysafe (NYSE:PSFE), a global payment processor and digital wallet provider. According to Paysafe's report, ‘Inside the Wallet: How consumers are spending and saving in 2024', 43% of consumers have abandoned their online shopping cart if a business didn't offer their payment method of choice. With ret
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the third quarter of 2024. Third Quarter 2024 Financial Highlights (Metrics compared to third quarter of 2023, unless otherwise noted) Revenue of $427.1 million, increased 8%; increased 7% on a constant currency basis Total Payment Volume of $37.5 billion, increased 7% Net loss of $13.0 million, or ($0.21) per diluted share, compared to net loss of $2.5 million, or ($0.04) per diluted share Adjusted net income of $31.4 million, or $0.51 per diluted share, compared to $35.3 million, or $0.57 per diluted share Adjusted EBITDA of $117.8 million, incr
Paysafe Limited (NYSE:PSFE), a global payments platform, will announce third quarter 2024 financial results on Wednesday, November 13, 2024, before market open. Management will host a live webcast to discuss the results at 8:30 a.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain available via the same link for at least one year. Webcast and Conference Call Information: Time: Wednesday, November 13, 2024, at 8:30 a.m. ET Webcast: Go to the Investor Relations section of the Paysafe website
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the second quarter of 2024. Second Quarter 2024 Financial Highlights (Metrics compared to second quarter of 2023, unless otherwise noted) Revenue of $439.9 million, increased 9%; increased 10% on a constant currency basis Total Payment Volume of $38.1 billion, increased 7% Net loss of $1.4 million, or ($0.02) per diluted share, compared to net loss of $1.8 million, or ($0.03) per diluted share Adjusted net income of $36.3 million, or $0.59 per diluted share, compared to $34.7 million, or $0.56 per diluted share Adjusted EBITDA of $119.0 million, i
Paysafe Limited (NYSE:PSFE), a leading payments platform, will announce second quarter 2024 financial results on Tuesday, August 13, 2024, before market open. Management will host a live webcast to discuss the results at 8:30 a.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain available via the same link for at least one year. Webcast and Conference Call Information: Time: Tuesday, August 13, 2024, at 8:30 a.m. ET Webcast: Go to the Investor Relations section of the Pays
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the first quarter of 2024. First Quarter 2024 Financial Highlights (Metrics compared to first quarter of 2023, unless otherwise noted) Revenue of $417.7 million, increased 8%; increased 7% on a constant currency basis Total Payment Volume of $36.1 billion, increased 7% Net income of $3.1 million, or $0.05 per diluted share, compared to net loss of $3.8 million, or ($0.06) per diluted share Adjusted net income of $35.3 million, or $0.57 per diluted share, compared to $33.1 million, or $0.54 per diluted share Adjusted EBITDA of $111.9 million, incre
Paysafe Limited (NYSE:PSFE), a leading payments platform, will announce first quarter 2024 financial results on Monday, May 13, 2024, after market close. Management will host a live webcast to discuss the results at 4:30 p.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain available via the same link for at least one year. Webcast and Conference Call Information: Time: Monday, May 13, 2024, at 4:30 p.m. ET Webcast: Go to the Investor Relations section of the Paysafe website
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the fourth quarter and full year of 2023. Fourth Quarter 2023 Financial Highlights (Metrics compared to fourth quarter of 2022) Revenue of $414.5 million, increased 8%; increased 6% on a constant currency basis Total Payment Volume of $35.8 billion1, increased 8% Net loss attributable to the Company of $12.1 million, or ($0.20) per diluted share, compared to $33.7 million, or ($0.56) per diluted share Adjusted net income of $40.9 million, or $0.66 per diluted share, compared to $33.1 million, or $0.54 per diluted share Adjusted EBITDA of $121.7 mi
Paysafe Limited (NYSE:PSFE), a leading payments platform, will announce fourth quarter 2023 financial results on Thursday, March 7, 2024, prior to market open. Management will host a live webcast to discuss the results at 8:30 a.m. ET the same day. The webcast, along with supplemental information, can be accessed on the investor relations section of the Paysafe website at ir.paysafe.com. An archive will be available after the conclusion of the event and will remain available via the same link for at least one year. To enhance engagement with the Company's shareholder base, Paysafe is partnering with Say Technologies to allow retail and institutional shareholders to submit questions, a s
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that the Company will release its fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024. The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Fourth Quarter 2023 Earnings Call. A telephonic replay will be available at the conclusion of the call and can be accessed by dialing 1-844-512-2921, or for international callers 1-412-317-6671 and providing the ac
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the third quarter of 2023. Third Quarter 2023 Financial Highlights (Metrics compared to third quarter of 2022) Revenue of $396.4 million, increased 8%; increased 5% on a constant currency basis Total Payment Volume of $35.1 billion1, increased 8% Net loss attributable to the Company of $2.5 million, or ($0.04) per diluted share, compared to $1.0 million net income attributable to the Company, or $0.02 per diluted share Adjusted net income of $35.3 million, or $0.57 per diluted share, compared to $29.2 million, or $0.48 per diluted share Adjusted E
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Former CEO of BBDO Group Germany brings wide experience in finance, auditing, and brand building to Paysafe Board Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that it has appointed Marianne Heiss as a new independent non-executive board director and member of the Audit Committee effective today. Heiss joins as an additional member of the board, which is led by chairman Dan Henson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924921648/en/Paysafe Appoints Marianne Heiss as Non-Executive Director (Photo: Business Wire) Heiss brings a wealth of experience in finance, ac
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th, and will step down as Chief Financial Officer. Alex will remain with Paysafe in his new role for an undefined period, but at least through the end of the year. John Crawford joins Paysafe as Alex's successor, effective immediately, and will be based in the company's North American headquarters located in Jacksonville, Florida. "Looking to the future, Paysafe is entering a different chapter of growth where we will focus on scaling the business and ensuring that we can capitalize on opp
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.
Former Experian executive joins the team this month Paysafe (NYSE:PSFE) (PSFE.WS) has appointed Nicole Carroll as its first ever Chief Strategy and Innovation Officer. Carroll joins the company today and reports into Paysafe CEO, Bruce Lowthers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230403005466/en/Nicole Carroll joins Paysafe as Chief Strategy & Innovation Officer (Photo: Business Wire) Carroll brings to Paysafe an extensive track record of driving growth and innovation across high profile global organisations in the technology, fintech and payments sectors. Her primary responsibilities at Paysafe will be to further
Former Sportradar executive to join the team next month Paysafe Ltd (NYSE:PSFE) (PSFE.WS) has appointed Alex Gersh as its new Chief Financial Officer. Gersh joins the company on October 3, 2022, and will report into Paysafe CEO, Bruce Lowthers. Gersh brings to Paysafe a proven track record of over 25 years' international financial leadership and has previously held CFO positions in public and private organizations in both the UK and U.S.A. Gersh joins Paysafe from Sportradar, the leading global sports technology company creating immersive experiences for sports fans and bettors, where he built a high performing finance function and successfully led the company's IPO on NASDAQ in Septembe
Paysafe, a leading specialized payments platform, today announced the appointment of Rob Gatto as Chief Revenue Officer (CRO). As the company's first CRO, Gatto is charged with spearheading Paysafe's international sales function across a range of high growth sectors including gaming, travel and entertainment, and the crypto and fintech industries. Effective immediately, Gatto reports into Paysafe's CEO, Bruce Lowthers, who joined the company in May. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005102/en/Paysafe Appoints Rob Gatto as Chief Revenue Officer (Photo: Business Wire) A seasoned technology executive, Gatto brings
Former FIS President and Fintech Industry Leader, Bruce Lowthers, Appointed Chief Executive Officer of Paysafe with Mandate to Scale the Company; Succeeds Philip McHugh Company Reaffirms Guidance for First Quarter and Full Year 2022 Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE) (PSFE.WS), a leading specialized payments platform, today announced that fintech industry leader, Bruce Lowthers, has been appointed as Chief Executive Officer and Executive Director of Paysafe. Lowthers, who will join the company by May 1, 2022, succeeds Philip McHugh, who is stepping down as CEO and as a member of the Company's Board of Directors. The CEO transition builds on the recent appointment of
Leading specialised payments platform partners with the global financial services firm to power international payments settlement Leading specialised payments platform, Paysafe (NYSE:PSFE), announces the appointment of J.P. Morgan as its core banking provider. The global financial services firm's work for Paysafe will be led from its Payments business, which combines cash management, payment solutions and merchant services for corporate clients, financial institutions and governments. The work with J.P. Morgan began with Paysafe's Integrated and Ecommerce Solutions business, which provides global payment acceptance and processing services for merchants within the UK and Europe, with multi
Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE) (PSFE.WS), a leading specialized payments platform, today announced the appointment of Daniel Henson as non-executive chairman of its board of directors. The appointment took effect from March 1, 2022 and follows the decision of William P. Foley II to step down as chairman and as a member of its board to focus on other commitments. Henson has a proven track record of driving growth in multiple global companies over a 30+ year career with demonstrated expertise in the capital markets, financial services and technology industries. He worked for General Electric Company for 29 years, where he held a variety of senior positions at GE an
Former Jackpocket and DraftKings executive brings additional iGaming expertise and deep industry relationships to Paysafe Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced it has appointed seasoned iGaming executive, Zak Cutler, as CEO, North America iGaming. The newly created executive role, which reports directly into Group CEO, Philip McHugh, forms part of Paysafe's ongoing strategic focus in the North American iGaming vertical which continues to show explosive growth as more and more states in the U.S. regulate online gambling, sports betting and iLottery. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
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