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Paysafe (NYSE:PSFE) released their second quarterly earnings this morning, reporting strong revenue growth which beat analyst expectations. The company recorded revenue of $384.3 million which grew 13% year-on-year.
In the earnings presentation, Paysafe highlighted “exciting wins” across the iGaming and specialized digital commerce segment as they look to capitalize on the expanding North America market.…
Square Inc. (NYSE:SQ) has made waves on Wallstreet after announcing a $29 Billion acquisition with Australian Buy-Now-Pay-Later company Afterpay. The all-share acquisition will enable Square to effectively” accelerate Square’s strategic priorities for its Seller and Cash App ecosystems”.
Square aims to integrate AfterPay services to their Cash app.…
Paysafe (NYSE:PSFE) recently completed a reverse merger with SPAC company Foley Trasimene Acquisition Corp II. The combined company debuted on the NYSE on the 31st March. Since then, the stock has been trading relatively flat, only up 2% since listing. Paysafe offers payment solutions and merchant services similar to that offered by Square or Stripe Payments.…
Gores Holdings IV Inc (NASDAQ: GHIV) is set to close in on its merger with United Wholesale Mortgage. The merger marks an exciting new chapter for the mortgage lender, as it will list on the NASDAQ under the ticker UWMC. Shareholders of Gores Holding stock voted yesterday to seal the merger, which is the final obstacle until finalisation.…
Bank of America (NYSE: BAC), like most Banks, is laying the groundwork for a 2021 recovery. Buffett still stands firm by the company, but hedge funds are beginning to exit. Who is right? The future looks bleak for the coming months, but the long-term future is bright.…
Credit Suisse announced its intention to delist the popular Exchange Traded Note VelocityShares Daily 2x VIX (TVIX). Alongside 8 other publicly listed ETN’s, TVIX will no longer be traded on the NASDAQ effective of July 12th while new issuances suspended on the 3rd of July.…
Written by Sergeo Domtchenko
To say that the financial sector is going through a “rough patch” is an understatement. Profit plunges, dividend cuts, frozen loan repayments, and suspended executive pay increases have been the fallout of the COVID-19 pandemic.…