M&A Deal Summary

KORT Payments Acquires Paysafe - Direct Marketing Payment Processing Business Line

On February 11, 2025, KORT Payments acquired information technology company Paysafe - Direct Marketing Payment Processing Business Line from Paysafe

Acquisition Highlights
  • This is KORT Payments’ 1st transaction in the Information Technology sector.
  • This is KORT Payments’ 1st transaction in the United States.

M&A Deal Summary

Date 2025-02-11
Target Paysafe - Direct Marketing Payment Processing Business Line
Sector Information Technology
Buyer(s) KORT Payments
Sellers(s) Paysafe
Deal Type Divestiture

Target

Paysafe - Direct Marketing Payment Processing Business Line

United States
Paysafe's Direct Marketing Payment Processing Business Line provides payment processing services.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

KORT Payments

Toronto, Ontario, Canada

Category Company
Sector Software
DESCRIPTION

KORT Payments is a specialized omnichannel payments platform. KORT's core purpose is enabling businesses to connect and transact seamlessly through industry-leading compliance, risk management, and payment processing capabilities. KORT Payments is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 Barnet Technologies

Richmond Hill, Ontario, Canada

Barnet Technologies is a software development company that specializes in providing point-of-sale (POS) and enterprise management solutions tailored for the retail and wholesale industries. Barnet Technologies is based in Richmond Hill, Canada.

Buy -

Seller(S) 1

SELLER

Paysafe

Hamilton, Bermuda

Category Company
Sector Financial Services
Employees3,000
Revenue 1.7B USD (2024)
DESCRIPTION

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-22 viafintech

Berlin, Germany

viafintech integrates with digital banking apps to offer an innovative “mobile ATM” concept which enables consumers to make deposits, transfers or withdraw cash from their digital bank accounts at a nearby retail store using a barcode. The company's solutions are also used widely for bill payments and credit payouts, as well as for online shopping in general, supporting millions of consumers in the region who don’t have bank accounts, or who simply prefer the heightened security of using eCash to pay online. viafintech was formed in 2011 and is based in Berlin, Germany.

Buy -