KORT Payments Expands Presence in US Market with Acquisition of Paysafe Direct LLC
In a significant move aimed at bolstering its market presence, KORT Payments has announced the acquisition of the direct marketing payment processing division from Paysafe Direct LLC. This strategic transaction marks a pivotal moment for KORT, positioning the company firmly within the competitive US market. The acquisition will enable KORT to take ownership of existing contracts with resellers and merchants, as well as access to leading technology and a talented workforce directly from Paysafe.
A Quantum Leap in Growth
Joel Leonoff, Chairman of KORT Payments, expressed the transformative potential of this acquisition. He stated that it represents a 'quantum leap' for the company, pointing to the alignment of this move with KORT’s broader commitment to delivering innovative payment solutions across North America. This acquisition is not merely a business deal but is seen as a crucial step in KORT's long-term growth strategy.
Leadership Insight
Hiep Tran, Chief Strategy Officer and Board member at KORT, echoed Leonoff’s enthusiasm, highlighting his personal connection to the business due to his prior role in founding and managing it for many years. He noted that the acquisition underscores KORT's commitment to identifying and capitalizing on high-potential opportunities within familiar industry verticals, further showcasing the company's strategic vision.
Technological Capability and Market Potential
KORT Payments has built a robust foundation over the years, boasting a comprehensive, enterprise-grade payment processing platform. This infrastructure positions the firm at the forefront of the rapidly evolving fintech sector, providing it with the tools necessary to add exceptional value for its clients and partners. The company has over 25 years of experience in global e-commerce and payment processing, which it intends to leverage as it enters this new market space.
The acquisition is expected to enhance KORT’s capabilities in compliance, risk management, and payment processing, ultimately translating into improved service offerings for a diverse range of clients. The U.S. fintech landscape is rife with opportunities, and KORT's expansions come at a time when many businesses are prioritizing seamless payment solutions.
It is clear that KORT Payments is primed for a period of rapid growth, underpinned by its dedication to technological innovation and delivering top-notch client experiences. The company’s ability to adapt to this dynamic environment will be crucial as it integrates Paysafe's operations into its own and develops a stronger hold in the U.S. market.
In conclusion, as KORT Payments embarks on this new chapter, the acquisition of Paysafe Direct LLC not only strengthens its market presence but also aligns with its mission to enhance partner and customer satisfaction through innovative payment solutions. Moving forward, stakeholders and clients alike will be keenly observing KORT’s evolution and the new synergies that will arise from this significant acquisition.
For more information on KORT Payments and its services, visit www.kortpayments.com.
A Quantum Leap in Growth
Joel Leonoff, Chairman of KORT Payments, expressed the transformative potential of this acquisition. He stated that it represents a 'quantum leap' for the company, pointing to the alignment of this move with KORT’s broader commitment to delivering innovative payment solutions across North America. This acquisition is not merely a business deal but is seen as a crucial step in KORT's long-term growth strategy.
Leadership Insight
Hiep Tran, Chief Strategy Officer and Board member at KORT, echoed Leonoff’s enthusiasm, highlighting his personal connection to the business due to his prior role in founding and managing it for many years. He noted that the acquisition underscores KORT's commitment to identifying and capitalizing on high-potential opportunities within familiar industry verticals, further showcasing the company's strategic vision.
Technological Capability and Market Potential
KORT Payments has built a robust foundation over the years, boasting a comprehensive, enterprise-grade payment processing platform. This infrastructure positions the firm at the forefront of the rapidly evolving fintech sector, providing it with the tools necessary to add exceptional value for its clients and partners. The company has over 25 years of experience in global e-commerce and payment processing, which it intends to leverage as it enters this new market space.
The acquisition is expected to enhance KORT’s capabilities in compliance, risk management, and payment processing, ultimately translating into improved service offerings for a diverse range of clients. The U.S. fintech landscape is rife with opportunities, and KORT's expansions come at a time when many businesses are prioritizing seamless payment solutions.
It is clear that KORT Payments is primed for a period of rapid growth, underpinned by its dedication to technological innovation and delivering top-notch client experiences. The company’s ability to adapt to this dynamic environment will be crucial as it integrates Paysafe's operations into its own and develops a stronger hold in the U.S. market.
In conclusion, as KORT Payments embarks on this new chapter, the acquisition of Paysafe Direct LLC not only strengthens its market presence but also aligns with its mission to enhance partner and customer satisfaction through innovative payment solutions. Moving forward, stakeholders and clients alike will be keenly observing KORT’s evolution and the new synergies that will arise from this significant acquisition.
For more information on KORT Payments and its services, visit www.kortpayments.com.
Topics Financial Services & Investing）
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