Following its entry into the FTSE 250 in March the success story at Paysafe continues, with interim results last week showing revenues more than doubling in the first half to $486.7m, with earnings up from $49.9m to $144.2m. The online payments provider raised its full year revenue guidance to $970m-$990m and said it plans to launch new digital wallets in a range of sectors beyond gambling.

The shares trade on a 2017 price to earnings ratio of 12.6 which is relatively good for the sector, as is the price to book multiple of 2.5 times. There is no dividend forecast but investors will prefer to see any surplus cash reinvested in growing the business.

We maintain our ‘buy’ recommendation for medium risk investors seeking growth due to the significant opportunity for the group’s products in the US and around the world.