Paysafe returns GBP22.4 million to shareholders via buyback

paysafe group

Paysafe Group, parent owners of Skrill said it has returned about GBP22.4 million to its shareholders and will retain its adjusted EBITDA target of 30.1% for the full year 2017.

The guidance was contained in its first quarter trading update. Paysafe President and Chief Executive Officer Joel Leonoff said:

“Paysafe has had a strong start to 2017 and each of our divisions is performing as expected.

Our business continues to benefit from the disciplined execution of our strategy. Paysafe is focused on driving sustainable organic growth, providing state-of-the-art technology, delivering relevant niche oriented payment solutions, nourishing an entrepreneurial company culture, and identifying and integrating bold acquisitions.

We believe Paysafe’s differentiated and relevant products and services position us very well in a rapidly evolving payments industry.”

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