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Skrill

Can Skrill leverage its regulated EMI status across the UK, EU, and US — plus its dominant position in online gaming payments — to become the go-to digital wallet and money-transfer platform for under-banked and cross-border consumers globally?

Founded2001
HQLondon, UK (also Dublin, Ireland; Miami, FL, USA)
Total raised$2B
Latest roundMerger / Acquisition, 2015
IndustryFintech / Consumer banking
The story

Founded in 2001 as Moneybookers, a UK-based online wallet, the company rebranded to Skrill in 2011 after obtaining FCA EMI authorisation and set its sights on the global digital wallet market. The 2015 acquisition by Optimal Payments (Paysafe) consolidated Skrill with NETELLER, creating a dominant payments brand in online gambling and gaming. Under Paysafe, Skrill expanded into money transfer, a Visa prepaid card programme, and crypto services, evolving from a pure wallet into a multi-product financial platform. The 2021 Paysafe NYSE listing and 2023 MiCA crypto licence mark Skrill's current phase as a regulated, multi-jurisdictional digital finance brand targeting consumers and gaming/entertainment merchants globally.

Last 12 months
2024
2023
Product timeline
2001
Launched as Moneybookers, an online digital wallet and payment service in the UK.· banking
2011
Rebranded from Moneybookers to Skrill and obtained FCA EMI authorisation.· pivot
2015
Acquired by Optimal Payments (later rebranded Paysafe Group), merging Skrill and NETELLER under the Paysafe umbrella.· acquisition
2021
Paysafe Group listed on NYSE via a SPAC merger with Foley Trasimene Acquisition Corp II.· ipo
2023
Paysafe Payment Solutions Limited authorised as a Crypto-Asset Service Provider under MiCA (Article 63, EU 2023/1114).· banking
2024
Skrill expanded partnership with Luckbox via Paysafe, rolling out Skrill and NETELLER payment services for the gaming platform.· banking
Regulated entities
EMI
UK FCA · 2011
Skrill Limited
EMI
Ireland (Central Bank of Ireland) · 2011
Paysafe Payment Solutions Limited
Crypto-Asset Service Provider (MiCA)
Ireland (Central Bank of Ireland) · 2023
Paysafe Payment Solutions Limited
MTL
US (FinCEN + state licenses)
Skrill USA, Inc.
The stack
Payments / PSP
Skrill (self-operated)Visa (prepaid card network)
Banking / BaaS
Paysafe Payment Solutions Limited (in-house)
Card issuing
Community Federal Savings Bank (sponsor issuer, US prepaid card)
Sponsor bank
Community Federal Savings Bank
FX & payouts
Skrill (self-operated)
Accounting gap: minor