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Jacksonville, FL (November 14, 2022) – At a press conference this afternoon, Jax Chamber Board Chair Ray Driver and Jax Chamber CEO Daniel Davis announced that London-Based Paysafe, a company that specializes in financial payment services, would be opening its North America headquarters in Jacksonville. In addition with this announcement, Paysafe is expected to create approximately 600 jobs and have over 200 of those positions filled by the end of 2023.  Council Member Danny Becton was on hand for the announcement.

Founded in 1996 with over 20 years of experience in the Financial Tech sector, Paysafe offers a portfolio of proprietary solutions that empower businesses and consumers to connect with each other using just one meeting point within Paysafe’s network.  From online to in-store payments; from merchant acquiring to payment gateways; from alternative payments to omni-channel and secure cross-border e-commerce; from white-label credit solutions to mobile order and delivery platforms, Paysafe offers businesses a one-stop solution for digital monetary transactions.

Paysafe CEO, Bruce Lowthers, remarked, “Jacksonville is one of the top places to live in the country.  It’s got great tech jobs, we’ve had over 20% growth in technology jobs over the last couple of years, and a great place for women and young people in technology to get their start.” He continued, “this is an exciting time for the city and an exciting time for us to come here and join the new roster of FinTech companies in the City of Jacksonville.  Our plan here is to add around 600 jobs over the next couple of years.  In the US, we’ve got about 1,000 employees in total, so we’ll have some moves from around the country to Jacksonville along with new hires in the city itself,” Mr. Lowthers concluded.

Dane Eagle, Florida Commerce Secretary, was also in attendance. “Today is another great announcement for Jacksonville. It is a team game, but it is no secret that Jacksonville has been leading the way in making the economy of our state as strong as it is,” Secretary Eagle remarked. “We have a 2.5% unemployment rate, that is the second lowest unemployment rate in history for the State of Florida, and that’s incredible!  Last time Florida was at that level was 2006, so we are ahead of the game, we are moving quickly, and it’s no secret because we have been looking at freedom first,” Secretary Eagle Concluded.

Daniel Davis, Jax Chamber CEO, concluded the press conference, stating, “I like to think about the hard-working folks that are always putting their best effort forward for their families, and what we announced today is yet another opportunity for those people. It is an honor to be a part of that effort; I’ve worked for the last ten years of my time at the Jax Chamber creating jobs for this community.  We’re happy to say, ‘Welcome to Jacksonville, Paysafe!’”

Council Member Becton issued the following statement upon hearing of Paysafe’s North American Headquarters location coming to Jacksonville:

Jacksonville continues to attract top companies who see our area as an economic and employment haven for business” Council Member Becton stated. “As we gain one company, others see those successes and want to be here, too”, CM Becton added. “For this string of companies, it all started with FIS moving here several years ago. Then, as part of that company’s relationship with Dun & Bradstreet, it too moved its headquarters here bring with it 500 high paying jobs averaging $77k a year. Now, because of that relationship, Paysafe is creating its North America headquarters in Jacksonville, and with it, again, 600 additional high paying jobs, but these jobs averaging $150k a year!” Becton concluded.

As reported by the Jacksonville publication, “Financial Daily Record”, Paysafe’s connections to Jacksonville and its impact can be identified by the following:

  • Before becoming Paysafe’s CEO in May 2022, Lowthers spent 15 years at Jacksonville-based Fidelity National Information Services.
  • In March 2021, Paysafe merged with Foley Trasimene Acquisition Corp. II.
  • Foley Trasimene is a special purpose acquisition company, or SPAC, that was founded by Bill Foley, chairman of Fidelity National Financial Inc.
  • “We are thrilled to complete this business combination with Paysafe,” Foley said in a news release about the deal in 2021.
  • “Paysafe has the right assets, team and strategy in place to capitalize on a tremendous opportunity for long-term value creation in the payments industry.”
  • Foley relocated from Jacksonville to Las Vegas when he was awarded the NHL’s Vegas Golden Knights expansion team in 2016.
  • Also, Black Knight CEO Anthony Jabbour, who is on the board of Jacksonville-based Dun & Bradstreet, is on Paysafe’s Board of Directors.
  • Founded in 1996, Paysafe offers payment processing, digital wallet and online cash solutions.
  • Paysafe says it has an annualized transactional volume of $120 billion as of 2021 and about 3,500 employees in more than 10 countries.
  • It says it connects businesses and consumers across 100 payment types in more than 40 currencies around the world.
  • Paysafe is traded on the New York Stock Exchange at PSFE. It closed Nov. 11 at $1.47 a share.
  • According to its website, it has U.S. offices in Atlanta, Miami, Houston, Irving and Westlake Village, California, Minden, Nevada, and Tampa/Clearwater.

Paysafe is currently “in negotiations for office space”, according to Paysafe CEO Bruce Lowthers from his statement. Rumors are that this “location to be named” could place Paysafe in District 11.

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By Joe Johnson, District 11 Executive Council Assistant and CM Danny Becton.