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Paysafe to Open North American Headquarters in Jacksonville

November 16th, 2022 · Leave a Comment

Paysafe, a leading specialized payments platform, has announced plans to open a new office in Jacksonville and establish the location as its North American headquarters.

With over 20 years of online payment experience, and approximately 3,500 employees located in more than 12 global locations, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world.

Through its decision to create its new North American headquarters in Jacksonville, Paysafe expects to create 600 local jobs over the next three years. The deal was agreed upon last month when Jacksonville business leaders were in London on their annual economic development mission.

State incentives were approved last month and an economic development package is expected to be introduced to the Jacksonville City Council next week. As a result of the company’s significant investment, Paysafe will qualify for $10 million in city incentives and $3 million from the state High-Impact Performance Incentive (HIPI) program.

The Paysafe office location is still being finalized, but the initial move is expected to start with around 200 employees by the end of next year through a combination of relocating employees and new hires. 600 jobs will be targeted over a three-year timeframe. The company will be hiring for a wide range of roles including highly skilled technology jobs with a focus on online digital payment processing.

Paysafe is one of the portfolio companies of Cannae Holdings, Inc. for which William (Bill) P. Foley, II is Chairman.  This project was supported by Anthony Jabbour, CEO of Dun & Bradstreet, and Board Member for Paysafe.  

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