Forget AMC and Gamestop: 5 New Stocks Reddit’s WallStreetBets Is Buying

2. Paysafe Limited (NYSE: PSFE)

Number of Hedge Fund Holders: 41  

Paysafe Limited (NYSE: PSFE) is ranked second on our list of 10 new stocks Reddit’s WallStreetBets is buying. The firm markets payments solutions to online businesses and consumers. The firm operates the Skrill and NETELLER brands, as well as others, which allow users to make transactions through a virtual account. The firm is most famous for offering eCash solutions, a payment method by which online dealings can be paid with in cash upon finalization.

On May 26, Paysafe Limited (NYSE: PSFE) entered into a deal with Repay Holdings that will enable merchants of Repay to allow cash payments at close to 60,000 retail partner locations of Paysafe. 

At the end of the first quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Paysafe Limited (NYSE: PSFE).