“Paysera LT” recovered last year after a loss-making year – earned 7 million. EUR profit | Business

The company’s income in 2023 almost did not change and amounted to 10.6 million. euros, Paysera LT announced on Friday.

“The year 2023 was a year of stability, profitability and innovation for us. The return on investments made it possible to significantly improve profitability indicators,” said Paysera CEO Marijus Plančiūnas in a statement.

The company processed 1.1 billion dollars last year. e-commerce payments worth EUR – 11 percent. more than in 2022 (985 million euros).

The company started integrating e. the Apple Pay payment solution for stores and their customers, which it introduced to the market in April this year. The possibility to invest in InRento real estate rental projects in the Paysera app has also been introduced.

Last year, the company acquired a 1.5-megawatt (MW) solar park along with a 250-kilowatt (kW) wind farm on its property. The company has also invested in two 99 kW power plants, which will start producing electricity already this year.

Last year, the average amount of funds kept in Payseros accounts was about 515 million. EUR – 4 percent. more than in 2022 (494 million euros).

More than 180 people work in the Lithuanian company, about 500 in the whole group.