- Payments platform Paysafe (NYSE: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.
The SPAC Of Elon Musk-Led SpaceX’s Partner Velo3D Is Down 8.6% This Year And Cathie Wood Sees Opportunity
Cathie Wood-led Ark Invest has been continuously piling up a stake in Jaws Spitfire Acquisition Corp (NYSE: SPFR) this year. The special purpose acquisition company is set to take a partner of Elon Musk-led SpaceX public.
