One of the stocks currently on my radar is Foley Trasimene Acquisition Corp $BFT which is a SPAC

On 7th December 2020, Foley Trasimene Acquisition Corp and Paysafe, a leading global payments provider focused on digital commerce and iGaming announced merger

Intro to Paysafe

Integrated payments platform processing nearly $100 billion of payment volume

Significant exposure to eCommerce with more than 75% of revenue from online and integrated services.

Significant growth opportunities in a massive addressable market

$BFT

2/6

Highly differentiated B2B and B2C global network with a powerful suite of digital wallet, eCash and integrated processing solutions

Long history as the global market leader in iGaming payments, and well-positioned to capitalize on the expanding US iGaming market

$BFT

3/6

Proprietary and scalable platform in technology and risk management driving a proven M&A playbook

Asset-light financial profile with over 30% EBITDA margins, 80% cash conversions and double-digit revenue growth across diversified geographies and verticals

$BFT

4/6

Transaction

Under the terms, Foley Trasimene will combine with Paysafe and Paysafe will become a publicly traded entity under the name “Paysafe Limited” and symbol $PSFE. The transaction reflects an implied enterprise value at closing of approx $9 billion

$BFT

5/6

Digital payments and the war on cash is a trend that I am heavily invested in already holding positions in $PYPL, $SQ and $SE

Recent developments
- The issuer for the Coinbase Visa debit card using crypto (upcoming IPO)
- Enables online cash payments for Microsoft Store

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