Why Is Paysafe Stock Trading Higher Today?

August 23, 2021 11:42 AM | 1 min read | Make a Comment

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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