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TECHNOLOGY
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Paysafe Group PLC
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making a return. NETELLER had a very credible
and trusted reputation with a robust brand and
so it was felt that resurgence was inevitable.
“We inherited their public listing on the
London Stock Exchange and we changed the
name from Neovia to Optimal Payments. We
probably had a $200 million market cap but we
certainly had a lot of energy and a lot of ambi-
tion,” says Leonoff.
Dawning of a New Era
In 2014, the Group acquired California-based
payment processor Meritus Payment Solutions
and U.S.-based online payments company Global
Merchant Advisors. In August 2015 the Group
completed the acquisition of its largest competi-
tor, Skrill Group, in a transformational deal, which
essentially doubled the company’s size.
“When we acquired Skrill we decided to
change the name of our company, collectively,
to Paysafe,” says Leonoff. “We felt it was a new
beginning. They (Skrill) had a product that was
“When we acquired Skrill we
decided to change the name
of our company, collectively,
to Paysafe. We felt it was a new
beginning.”
– Joel Leonoff,
Paysafe President and CEO
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