Paysafe Appoints Alex Gersh as CFO
August 30 2022 - 8:15AM
Business Wire
Former Sportradar executive to join the team
next month
Paysafe Ltd (NYSE: PSFE) (PSFE.WS) has appointed Alex Gersh as
its new Chief Financial Officer. Gersh joins the company on October
3, 2022, and will report into Paysafe CEO, Bruce Lowthers.
Gersh brings to Paysafe a proven track record of over 25 years’
international financial leadership and has previously held CFO
positions in public and private organizations in both the UK and
U.S.A.
Gersh joins Paysafe from Sportradar, the leading global sports
technology company creating immersive experiences for sports fans
and bettors, where he built a high performing finance function and
successfully led the company’s IPO on NASDAQ in September last
year. Earlier in his career he spent six years in the online
betting industry, most recently as CFO and Board Director of Paddy
Power Betfair plc, which was formed in February 2016 following the
merger of Paddy Power plc and Betfair Group plc - two of the
fastest-growing online betting operators in the world. Before
entering the online betting industry, Gersh spent nearly eight
years as CFO for NDS Group London, a leading global provider of
digital pay TV software solutions. In his earlier career, Gersh
held finance leadership roles for high profile organizations in the
telecommunications industry including British Telecom and
Motorola.
Bruce Lowthers, Paysafe CEO, said: “Alex is a highly talented
finance executive with a proven track record of driving growth for
the international companies he has helped to lead. I know he will
be a real asset to our team as we continue our path to accelerate
growth and drive long term value for all our stakeholders.”
Alex Gersh added: “Paysafe has a highly diversified and relevant
digital payments offering in the specialized industries it focuses
on including gaming and entertainment. I have been fortunate to
have worked for some of the biggest brands in these sectors and I
very much look forward to bringing my knowledge and insights to my
new role at Paysafe and being part of this ambitious company’s
future growth story.”
Gersh replaces former CFO, Izzy Dawood who leaves the company
later in the year.
Lowthers continued: “I would like to express our sincere thanks
to Izzy for his significant contribution to Paysafe during his time
with the company and his commitment to ensuring a smooth transition
of responsibilities."
About Paysafe
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading
specialized payments platform. Its core purpose is to enable
businesses and consumers to connect and transact seamlessly through
industry-leading capabilities in payment processing, digital
wallet, and online cash solutions. With over 20 years of online
payment experience, an annualized transactional volume of over US
$120 billion in 2021, and approximately 3,500 employees located in
10+ countries, Paysafe connects businesses and consumers across 100
payment types in over 40 currencies around the world. Delivered
through an integrated platform, Paysafe solutions are geared toward
mobile-initiated transactions, real-time analytics and the
convergence between brick-and-mortar and online payments. Further
information is available at www.paysafe.com.
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Media: Kate Aldridge kate.aldridge@paysafe.com +44 750
079 7547 Investors: Kirsten Nielsen
kirsten.nielsen@paysafe.com +1 (646) 901-3140
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