Paysafe Appoints Zak Cutler to Lead Its North America iGaming Business

LONDON–(BUSINESS WIRE)–Paysafe (NYSE:PSFE), a number one specialised funds platform, at the moment introduced it has appointed seasoned iGaming government, Zak Cutler, as CEO, North America iGaming. The newly created government position, which reviews straight into Group CEO, Philip McHugh, varieties a part of Paysafe’s ongoing strategic focus within the North American iGaming vertical which continues to present explosive development as increasingly more states within the U.S. regulate on-line playing, sports activities betting and iLottery.

Since the speedy legalization of the U.S. sports activities betting market beginning May 2018, Paysafe has constantly said its ambitions to be the iGaming {industry}’s funds companion of selection, constructing on its management in Canada and Europe. The firm now gives 75% of operators within the nation with funds or advertising and marketing options throughout 16 states. In Canada, Paysafe additionally holds a number one place and companions with nearly all of regulated iLottery and gaming manufacturers.

Cutler brings intensive {industry} expertise to the position and a confirmed observe report of driving development in iGaming corporations; he has held senior management roles at each begins ups in addition to giant, publicly traded corporations. He joins Paysafe from Jackpocket, an modern app that allows individuals to purchase official state lottery tickets on-line, the place he was VP of Strategy and Product. As one in every of Jackpocket’s first government hires, he was liable for creating the technique, the product and the method that enabled Jackpocket to swiftly increase into 10 U.S. jurisdictions, reaching a #7 leisure app retailer rating, and buying tens of millions of latest lottery prospects within the course of. While there, he additionally labored with celebrities, sports activities groups, and enormous media manufacturers reminiscent of Barstool Sports to efficiently develop Jackpocket’s model presence nationally. Before that, Cutler labored as Director of Product Management for DraftKings, one of many world’s best-known manufacturers in sports activities leisure and gaming, the place he was liable for all product initiatives associated to cost processing, U.S. compliance, and worldwide growth.

Philip McHugh, Paysafe’s CEO, commented: “We imagine Paysafe has enormous potential to win in North American iGaming given our observe report because the de facto funds specialist on this sector globally. Now, with the extra management bench energy of Zak on the helm of our extremely centered staff, we’re in a greater place than ever to assist operators seize the alternatives on the market by means of the supply of best-in-class funds services and products. Zak could be very attuned to operator wants and is extremely regarded by all who know him within the {industry}. He can be an actual asset.”

Zak Cutler commented: “As a former Paysafe buyer for a few years, I’m thrilled to now have the chance to be part of the staff on this capability. While at Jackpocket and DraftKings, I used to be all the time impressed by Paysafe’s industry-leading merchandise, and their foresight to put money into the North American iGaming {industry} lengthy earlier than it was within the mainstream. I additionally admired the staff’s skill to develop deep relationships with prospects. This method resonates with my very own type and dedication to serving to iGaming operators develop quickly by means of the supply of excellent merchandise and unrivalled partnership. I’m actually wanting ahead to taking part in my half now as a member of the staff – I imagine we’re within the early innings of a large alternative!”

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a number one specialised funds platform. Its core function is to allow companies and shoppers to join and transact seamlessly by means of industry-leading capabilities in cost processing, digital pockets, and on-line money options. With over 20 years of on-line cost expertise, an annualized transactional quantity of U.S. $100 billion in 2020, and roughly 3,400 staff positioned in 12+ international areas, Paysafe connects companies and shoppers throughout 70 cost varieties in over 40 currencies around the globe. Delivered by means of an built-in platform, Paysafe options are geared towards mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and on-line funds. Further info is out there at www.paysafe.com.

About Paysafe iGaming

Paysafe brings over 20 years of specialised funds expertise supporting the worldwide iGaming and sports-betting sectors and gives operators with a complete suite of conventional and different cost strategies by means of a single, streamlined API integration. Paysafe can also be a pacesetter in digital and affiliate marketing online expertise and providers for iGaming operators by means of its Income Access enterprise unit.

Since the opening up of the US iGaming market in May 2018, Paysafe has constantly said its ambitions to be the funds chief within the fast-growing sector, constructing on its management in Canada and Europe. The firm now helps 75% of operators within the nation with funds or advertising and marketing options throughout 16 completely different states. In Canada, Paysafe additionally has a number one place and companions with nearly all of regulated iLottery and gaming manufacturers.

https://www.businesswire.com/news/home/20210915005421/en/Paysafe-Appoints-Zak-Cutler-to-Lead-Its-North-America-iGaming-Business

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