Paysafe, a global provider of digital payments and transaction-related solutions, announced today that it is acquiring Income Access Group (Income Access), an affiliate technology business for $30 million in a bid to expand its product capabilities.
This transaction delivers on Paysafe’s strategic objectives to provide relevant payment solutions that serve the evolving needs of our merchants.
The payments provider was recently chosen by Global-e who opted to partner with the firm in a collaboration that will see the extension of a full suite of processing and settlement currencies via a single global operator.
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Commenting on its latest acquisition, Paysafe President and Chief Executive Officer Joel Leonoff said: “By adding Income Access’s affiliate technology to our product suite alongside our Skrill and NETELLER brands and deepening our merchant relationships, this transaction delivers on Paysafe’s strategic objectives to provide relevant payment solutions that serve the evolving needs of our merchants.”
Montreal-based Income Access is a provider of innovative affiliate technology for businesses to manage their performance marketing programmes. In addition, around 25,000 affiliates use the company’s multi-channel software for their marketing campaigns.
Income Access founder and CEO Nicky Senyard, who will remain with the business as Managing Director, said: “Our technology and global affiliate network, combined with Paysafe’s comprehensive payments offering, creates a winning combination for the benefit of our existing and new partners.”