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August 23, 2021

Paysafe signs deal to acquire Germany’s viafintech

Paysafe has signed a definitive agreement to acquire German firm viafintech for an undisclosed amount in an all-cash transaction.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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by GlobalData
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The move is aimed to strengthen Paysafe’s growth opportunities in Germany and increase revenue-generating channels.

The deal is expected to close over the following months, subject to customary conditions.

About viafintech:

Founded in 2011, viafintech provides bank independent, payments infrastructure in the DACH region. It enables consumers to make deposits, withdraw cash or transfer money from their digital bank accounts at a nearby retail store using a barcode.

viafintech solutions also support bill payments, credit payouts and online shopping. Particularly, the fintech provides consumers, who don’t have bank accounts, an alternative to traditional banking.

viafintech also operates in five other European countries. In Germany and Austria, it is known as Barzahlen/viacash , while it operates as viacash in Switzerland, Italy, Greece and Spain.

As agreed, the viafintech team, including its management, will migrate to Paysafe.

Quote:

Viafintech co-founder and managing director Sebastian Seifert said: “We are delighted to become part of the Paysafe Group and believe this move will enable us to build on our business achievements to date and accelerate our future growth as Europe’s number one, non-banking, cash-in / cash-out infrastructure, further fuelling the shift away from legacy banking and driving more financial inclusion in general.”

Other Paysafe deals:

Paysafe has signed three acquisition agreements in the last one month. Previously, it entered into agreements to acquire PagoEfectivo and SafetyPay.

After the completion of these three deals, Paysafe eCash business will offer eCash and open banking solutions in around 60 countries.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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