Why Is Paysafe Stock Trading Higher Today?

  • Payments platform Paysafe PSFE shares traded higher by 3.52% at $8.53 on the last check Monday.
  • On Sunday, Paysafe agreed to acquire a German fintech company, viafintech, in an all-cash transaction for undisclosed terms. 
  • viafintech offers bank independent payments infrastructure in the DACH region. 
  • The acquisition boosts Paysafe's growth opportunities in Germany and creates opportunities to cross-sell through viafintech's alternative banking and payments solutions to its global merchants.
  • Paysafe recently agreed to acquire SafetyPay for $441 million.
  • Paysafe held $247.8 million in cash and equivalents as of June 30.
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