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Paysafe $BFT is global online payments company founded in 1996 and is the combination of Neteller, Netbanx and Optimal Payments
The company was listed in London until 2017, when Blackstone & CVC Capital Partners took the company private for £ 2.96B ($ 3.8B)
A look at $BFT
The company was listed in London until 2017, when Blackstone & CVC Capital Partners took the company private for £ 2.96B ($ 3.8B)A look at $BFT
Paysafe runs a network of digital wallets that enables its users to upload, store and withdraw funds from their virtual accounts
It also offers integrated POS and eCommerce solutions for SMBs to accept payments online and in shop
It also offers integrated POS and eCommerce solutions for SMBs to accept payments online and in shop
Today, the company counts over 16m users and expects to process $ 103B in volume in 2021, up $ 89B in 2020 (it processed $ 98B in 2019)
This translates into sales of $ 1.5B and an organic gross profit of $ 961m for a 63% gross margin
This translates into sales of $ 1.5B and an organic gross profit of $ 961m for a 63% gross margin
Through its digital wallet solutions, Paysafe is exposed o the fast growing iGaming segment
The US iGaming market is expected to reach $ 24B by 2025, up from $ 3.4B in 2019
Driven by easing regulation and growing customer demand for online and mobile gaming
The US iGaming market is expected to reach $ 24B by 2025, up from $ 3.4B in 2019 Driven by easing regulation and growing customer demand for online and mobile gaming
The company is also exposed to the gaming and social media segments which rely heavily on digital wallets and virtual currencies
“At the same time, new technologies like 5G, cloud, and virtual reality will usher in a new phase of innovation” Global Data https://variety.com/2019/gaming/news/video-games-300-billion-industry-2025-report-1203202672/
“At the same time, new technologies like 5G, cloud, and virtual reality will usher in a new phase of innovation” Global Data https://variety.com/2019/gaming/news/video-games-300-billion-industry-2025-report-1203202672/
According to Global Data, the global gaming market could reach $ 300B by 2025 up from $ 131B in 2018
Driven by the advent of mobile gaming, cloud gaming and new payments model (in-game micro-payments) which boost spending
After a slowdown in 2020, the company expects to grow its processed volume by 15% a year over the 2020 - 2023 period
Translating into a 11% CAGR in organic revenue over the 2020 - 2023 period and driven by the digital wallet segment
Translating into a 11% CAGR in organic revenue over the 2020 - 2023 period and driven by the digital wallet segment
Bottom Line After the merger, Paysafe will have an enterprise value of $ 9B, offering a reasonable entry into the payment space
The iGaming market is set to grow by 50% each year until 2025, yet Paysafe’ iGaming segment is set to grow by only 14% a year
We stay on the sidelines for now and wait for the merger to close and closely monitor the forecasted vs achieved growth rates in the gaming and iGaming sectorsDon’t MISS any UPDATE on $BFT
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