London-based fintech startup Paysafe is a specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact through the capabilities in payment processing, digital wallet, and online cash solutions.
Paysafe acquires SafetyPay
In a recent development, the company announced that it has signed a definitive agreement to acquire US-based digital payment platform SafetyPay, for $441M (approx €374.7M) in an all-cash deal. The transaction is expected to close in the fourth quarter, 2021.