M&A Deal Summary

Paysafe Acquires PagoEfectivo

On August 2, 2021, Paysafe acquired financial services company PagoEfectivo

Acquisition Highlights
  • This is Paysafe’s 1st transaction in the Financial Services sector.
  • This is Paysafe’s 1st transaction in Peru.

M&A Deal Summary

Date 2021-08-02
Target PagoEfectivo
Sector Financial Services
Buyer(s) Paysafe
Deal Type Add-on Acquisition

Target

PagoEfectivo

Lima, Peru
PagoEfectivo engages in the provision of eCash and online banking payments that allow merchants to offer alternative payment methods (APMs) at the check-out, in turn enabling more consumers in the region, many of whom are underbanked, to transact online. PagoEfectivo was founded in 2009 and is based in Lima, Peru.

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Buyer(S) 1

Buyer

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 9 of 11
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 11
Country: Peru M&A 1 of 1
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 Openbucks

Sunnyvale, California, United States

Openbucks Corp. is a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards, something that is particularly popular amongst online gaming and eSports operators. Openbucks was founded in 2011 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 SafetyPay

Aventura, Florida, United States

SafetyPay is an eCommerce payment platform designed to empower online shoppers, merchants, and banks to transact safely. The company’s software offers real-time global payment options, including bank transfers and eCash solutions as well as other alternative payment methods (APMs), to securely make online purchases from merchants worldwide and pay directly via a local bank or other point of sale, in the currency of one’s choice. SafetyPay was founded in 2007 and is based in Aventura, Florida.

Buy $441M