Paysafe reports Q1 revenue increase but losses also grow
Paysafe reports Q1 revenue increase but losses also grow 11th May 2021 | By Marese O'Hagan Payments platform Paysafe saw a $17.7m rise in revenue in Q1 year on year to $377.4m, but also saw $2.0m net loss increase because of administrative costs, in its first results since going public in a merger with Foley Trasimene Acquisition Corporation. Total revenue came to $377.4m, an increase of 4.9% compared to the first quarter of 2020. Paysafe credited this to growth across its eCash platform, which grew 63.3% in revenue year on year. Paysafe’s Integrated Processing and Digital Wallet software r...
Source: igamingbusiness.com