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One of the stocks currently on my radar is Foley Trasimene Acquisition Corp $BFT which is a SPAC
On 7th December 2020, Foley Trasimene Acquisition Corp and Paysafe, a leading global payments provider focused on digital commerce and iGaming announced merger
Intro to Paysafe
On 7th December 2020, Foley Trasimene Acquisition Corp and Paysafe, a leading global payments provider focused on digital commerce and iGaming announced merger
Intro to Paysafe
Integrated payments platform processing nearly $100 billion of payment volume
Significant exposure to eCommerce with more than 75% of revenue from online and integrated services.
Significant growth opportunities in a massive addressable market
$BFT
2/6
Significant exposure to eCommerce with more than 75% of revenue from online and integrated services.
Significant growth opportunities in a massive addressable market
$BFT
2/6
Highly differentiated B2B and B2C global network with a powerful suite of digital wallet, eCash and integrated processing solutions
Long history as the global market leader in iGaming payments, and well-positioned to capitalize on the expanding US iGaming market
$BFT
3/6
Long history as the global market leader in iGaming payments, and well-positioned to capitalize on the expanding US iGaming market
$BFT
3/6
Proprietary and scalable platform in technology and risk management driving a proven M&A playbook
Asset-light financial profile with over 30% EBITDA margins, 80% cash conversions and double-digit revenue growth across diversified geographies and verticals
$BFT
4/6
Asset-light financial profile with over 30% EBITDA margins, 80% cash conversions and double-digit revenue growth across diversified geographies and verticals
$BFT
4/6
Transaction
Under the terms, Foley Trasimene will combine with Paysafe and Paysafe will become a publicly traded entity under the name “Paysafe Limited” and symbol $PSFE. The transaction reflects an implied enterprise value at closing of approx $9 billion
$BFT
5/6
Under the terms, Foley Trasimene will combine with Paysafe and Paysafe will become a publicly traded entity under the name “Paysafe Limited” and symbol $PSFE. The transaction reflects an implied enterprise value at closing of approx $9 billion
$BFT
5/6
