Solidifying Jacksonville’s standing as a preeminent hub for fintech, Paysafe, a leading specialized payments platform, today announced plans to open a new office in Jacksonville and establish the location as its North American headquarters.
In doing so, the London-based company will create 600 high-wage jobs over the next three years. The terms of the deal were agreed upon during the JAXUSA UK economic development mission surrounding the annual Jacksonville Jaguars football game.
“The decision to expand our presence in the US with a new North American headquarters in Jacksonville was a logical step in our business growth strategy,” said Bruce Lowthers, CEO of Paysafe. “Jacksonville is a vibrant business hub and rich with diverse talent from well-known academic institutions, as well as a number of high-profile Fortune 500 companies. We look forward to building a high-performing team here over the next few years and becoming an active member of the local community.”
The initial move will start with 200 employees – a combination of relocating employees and new hires. The company will be hiring for highly skilled technology jobs with a focus on online digital payment processing.
“This is an incredible project for Jacksonville and is a result of both building a strength in financial technology and developing key business relationships in London over the past several years,” JAXUSA Partnership President Aundra Wallace said.
Paysafe has more than 3,000 employees at more than a dozen global locations. The company connects businesses and consumers across 100 payment types in more than 40 currencies around the world.
The news follows the October opening of the new global headquarters of the world’s largest fintech company by revenue, FIS, in Jacksonville and the recent relocation of Dun & Bradstreet’s global headquarters to the city from New Jersey.
Additionally, the region is the home base to other fintech companies including Black Knight, VyStar Credit Union, Nymbus, OnPay Solutions and Finxact and significant operations for Deutsche Bank, SoFi, SS&C Technologies, Citi and others.