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Paysafe revenue boosted by Skrill acquisition but increased costs hit profit

16th March 2016 9:31 am GMT

Payment processor Paysafe Group has reported a 68 per cent increase in revenue to US$613.4m for the year ended December 31st, including five months contribution from its acquisition of Skrill.

The company said that 2015 saw another year of continued strong performance across the entire business, with revenue in the second half up by 75 per cent compared to the first half, reflecting the consolidation of Skrill’s results from August 10th.

On a pro forma constant currency [...]

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