Paysafe Completes Acquisition of viafintech

The leading specialized payments platform Paysafe announced that it has completed the acquisition of viafintech, a market-leading German fintech company known under the brand viacash. Via the acquisition, Paysafe seeks to expand in critical markets and position itself as the essential payments partner to challenger banks around the world.

Founded in 2011, viafintech integrates with digital banking apps to offer an innovative “mobile ATM” concept which enables consumers to make deposits, transfers or withdraw cash from their digital bank accounts at a nearby retail store using a barcode.

The integration process will now commence with viafintech’s team, including managing directors, Sebastian Seifert, Achim Bönsch and Andreas Veller, becoming part of Paysafe’s expanding eCash solutions’ team which is headed up by Paysafe eCash CEO, Udo Müller.

“This is a very exciting acquisition for Paysafe. By combining viafintech’s leading payment solutions with our own eCash and alternative payment portfolio, we are very well positioned as an essential payments partner to challenger banks around the world,”Udo Müller, CEO of Paysafe’s eCash division said.

"Becoming part of the Paysafe Group will help us to build on our business achievements to date and accelerate our future growth as Europe’s number one, non-banking, cash-in/cash-out infrastructure. We are excited to be starting this next chapter and doubling our efforts to strengthen financial inclusion and shift away from legacy banking,”Sebastian Seifert, Co-founder and Managing Director of viafintech added.