Paysafe Results Presentation Deck
Delivering on Digital Wallet turnaround; continued Eur market softness
Actions to Reposition
For Long-Term Success
Headwinds
Short-Term
Mid-Term
Paysafe:
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What we said...
Improvements to customer experience and pricing changes
Exit non-performing product features
Rightsize the organization
Strengthen relationships with top merchants
Continue to grow Skrill USA
Expand crypto capabilities and partnerships
Continued market softness / regs in Europe
Low 2021 exit rate
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...early progress
Pricing optimization + improved UX driving increasing deposits in targeted
European markets (deposits up 14% from Sept to Mar)
Funnel optimization driving reduced fallout and improving sign up to first
deposit conversion (Apr up versus Q1)
Rightsized and refocused the organization in Q4
Engagement with top merchants improving checkout conversion:
Q1 versus Q4 increased 5%
Skrill USA - signed first Tier 1 merchant in N. America
New hires to drive crypto strategy and new product development
Rolling out Binance and FTX embedded solution; strong pipeline
Continue to see 2022 as a transitional year
Absorbing FX headwind, Germany and Netherlands regulatory impacts
(~1H) as well as Russia/Ukraine
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