Payments platform Paysafe has appointed a new chief financial officer.
Alex Gersh will join the London company, which is listed in New York, from Sportradar in October. He led the global sports technology company’s IPO on NASDAQ in September last year.
During a 25-year career Gersh has held CFO positions in public and private organisations in both the UK and USA. He spent six years in the online betting industry, most recently as CFO and board director of Paddy Power Betfair plc. Before that he spent nearly eight years as CFO for NDS Group London, a global provider of digital pay TV software solutions, and has also held roles at BT and Motorola.
Paysafe, founded more than 20 years ago, connects businesses and consumers across 100 payment types in over 40 currencies around the world. It had an annualised transactional volume of over $120 billion in 2021.
Gersh replaces CFO Izzy Dawood, who will leave the company later this year.
Cambridge FinTech acquires Japanese global payments business in £3.4m deal
“Alex is a highly talented finance executive with a proven track record of driving growth for the international companies he has helped to lead,” said CEO Bruce Lowthers.
“I know he will be a real asset to our team as we continue our path to accelerate growth and drive long-term value for all our stakeholders.
“I would like to express our sincere thanks to Izzy for his significant contribution to Paysafe during his time with the company and his commitment to ensuring a smooth transition of responsibilities.”
Paysafe employs 3,500 people in more than 10 countries.
Gersh said: “Paysafe has a highly diversified and relevant digital payments offering in the specialised industries it focuses on including gaming and entertainment.
“I have been fortunate to have worked for some of the biggest brands in these sectors and I very much look forward to bringing my knowledge and insights to my new role at Paysafe and being part of this ambitious company’s future growth story.”
In Crypto: Suspected UK cryptocurrency scam companies shut down