Paysafe Appoints Zak Cutler to Lead Its North America iGaming Business – News

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Former Jackpocket and DraftKings chief brings added iGaming skillfulness and unfathomable playing relationships to Paysafe


LONDON, Sept 15, 2021–(BUSINESS WIRE)–Paysafe (NYSE:PSFE), a directive special payments platform, today declared it has ordained cured iGaming executive, Zak Cutler, as CEO, North USA iGaming. The newborn created chief role, which reports direct into Group CEO, prince McHugh, forms conception of Paysafe’s current strategic pore in the North dweller iGaming plumb which continues to exhibit exploding ontogeny as more and more states in the U.S. set online gambling, sports sporting and iLottery.


This advise promulgation features multimedia. View the flooded promulgation here: https://www.businesswire.com/news/home/20210915005421/en/









Zak Cutler, CEO, North USA iGaming at Paysafe (Photo: Business Wire)


Since the fast legalisation of the U.S. sports sporting mart play May 2018, Paysafe has consistently expressed its ambitions to be the iGaming industry’s payments relation of choice, antiquity on its activity in Canada and Europe. The consort today provides 75% of operators in the land with payments or marketing solutions crossways 16 states. In Canada, Paysafe also holds a directive function and partners with the eld of thermostated iLottery and recreation brands.


Cutler brings broad playing undergo to the persona and a proven road achievement of dynamical ontogeny in iGaming companies; he has held grownup activity roles at both starts ups as substantially as large, publically traded companies. He joins Paysafe from Jackpocket, an original app that enables grouping to acquire authorised land drawing tickets online, where he was VP of Strategy and Product. As digit of Jackpocket’s prototypal chief hires, he was answerable for nonindustrial the strategy, the creation and the move that enabled Jackpocket to swiftly modify into 10 U.S. jurisdictions, achieving a #7 recreation app accumulation ranking, and feat jillions of newborn drawing customers in the process. While there, he also worked with celebrities, sports teams, and super media brands much as Barstool Sports to successfully acquire Jackpocket’s sort proximity nationally. Before that, Cutler worked as Director of Product Management for DraftKings, digit of the world’s best-known brands in sports recreation and gaming, where he was answerable for every creation initiatives attendant to commercialism processing, U.S. compliance, and planetary expansion.



Philip McHugh, Paysafe’s CEO, commented: “We conceive Paysafe has Brobdingnagian possibleness to get in North dweller iGaming presented our road achievement as the de facto payments doc in this facet globally. Now, with the added activity governance capableness of Zak at the helm of our highly convergent team, we are in a meliorate function than ever to support operators overwhelm the opportunities discover there finished the conveying of best-in-class payments products and services. Zak is rattling adjusted to cause needs and is highly regarded by every who undergo him in the industry. He module be a actual asset.”


Zak Cutler commented: “As a past Paysafe client for some years, I’m thrilled to today hit the possibleness to tie the aggroup in this capacity. While at Jackpocket and DraftKings, I was ever impressed by Paysafe’s industry-leading products, and their providence to equip in the North dweller iGaming playing daylong before it was in the mainstream. I also admired the team’s knowledge to amend unfathomable relationships with customers. This move resonates with my possess call and dedication to serving iGaming operators acquire apace finished the conveying of unpaid products and unrivalled partnership. I’m rattling hunting nervy to activity my conception today as a member of the aggroup – I conceive we are in the primeval innings of a large opportunity!”


About Paysafe Limited


Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a directive special payments platform. Its set determine is to enable businesses and consumers to enter and transact seamlessly finished industry-leading capabilities in commercialism processing, digital wallet, and online change solutions. With over 20 eld of online commercialism experience, an annualized transactional intensity of U.S. $100 1000000000 in 2020, and roughly 3,400 employees settled in 12+ orbicular locations, Paysafe connects businesses and consumers crossways 70 commercialism types in over 40 currencies around the world. Delivered finished an desegrated platform, Paysafe solutions are intermeshed toward mobile-initiated transactions, real-time analytics and the connection between brick-and-mortar and online payments. Further aggregation is acquirable at www.paysafe.com.


About Paysafe iGaming


Paysafe brings over digit decades of special payments undergo activity the orbicular iGaming and sports-betting sectors and provides operators with a broad flat of tralatitious and deciding commercialism methods finished a single, streamlined API integration. Paysafe is also a cheater in digital and affiliate marketing profession and services for iGaming operators finished its Income Access playing unit.


Since the inaugural up of the US iGaming mart in May 2018, Paysafe has consistently expressed its ambitions to be the payments cheater in the fast-growing sector, antiquity on its activity in Canada and Europe. The consort today supports 75% of operators in the land with payments or marketing solutions crossways 16 assorted states. In Canada, Paysafe also has a directive function and partners with the eld of thermostated iLottery and recreation brands.


View maker edition on businesswire.com: https://www.businesswire.com/news/home/20210915005421/en/


Contacts


Media enquiries:
Kate Aldridge
kate.aldridge@paysafe.com
+44 750 079 7547


Investor enquiries:
Kirsten Nielsen
kirsten.nielsen@paysafe.com
+1 (646) 901-3140



Paysafe Appoints Zak Cutler to Lead Its North USA iGaming Business



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September 15, 2021




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