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Paysafe joins FTSE

Wednesday, 23 March 2016 14:14

Another Landmark for firm says CEO

Island-based online payment processing company the Paysafe Group has started trading on London’s FTSE 250 index.

The company, based in Douglas and formerly known as Optimal Payments PLC and Neovia Financial PLC, floated on the Alternative Investments Market back in 2004 when it raised around £30 million.

Paysafe was admitted to the Main Market in December last year.

Company president and chief executive Joel Leonoff says moving onto the FTSE 250 is another landmark for the firm as the business continues to mature.

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