Xsolla
 | |
| Industry | Financial service |
|---|---|
| Founded | 2005[1] |
| Founder | Aleksandr Agapitov |
| Headquarters | , |
Area served | Worldwide |
| Services | payment systems for game publishers |
| Website | www |
Xsolla is an international payment services company, providing game developers and publishers with payment, billing, distribution, and marketing tools. Headquartered in Sherman Oaks, Los Angeles, California.[2]
History
Beginnings
Founded in 2005[1] by Alexander Agapitov, Xsolla (then 2Pay) provides payment services via local payment methods (cash kiosks, prepaid cards, money orders and e-wallets). The company was initially targeted at Russian game developers and publishers. Having added PayPal and SMS payment options, 2Pay entered the CIS (Commonwealth of Independent States)[clarification needed] market and started its global expansion.[1] Several years after the founding, Xsolla and it's core leadership team moved to the United States and officially reincorporated as a US company California Corporation. This allowed the company to greatly expand its operations globally.
Rebranding
In 2010, 2Pay headquarters moved to Sherman Oaks, CA. The company was renamed Xsolla.[3]
The company expanded its business portfolio by adding numerous payment systems.[further explanation needed]
Controversy
In 2020, Bitbox Ltd. announced that it was shutting down its game Life Is Feudal: MMO, alleging that Xsolla was not paying them.[4] This has resulted in a lawsuit between the two companies.[5]
In 2021, Xsolla fired 150 employees based on their performance metric which was measured using big data and AI analytics.[6]
References
- ^ a b c "Энциклопедия: 2PAY | MoneyNews". Moneynews.ru. Retrieved 2013-08-31.
- ^ Carpenter, Scott (18 April 2022). "Video Game Junkie Quietly Builds $3 Billion Payments Powerhouse". Bloomberg News. Retrieved 19 April 2022.
- ^ "Фирменный стиль "Иксоллы"" [Xsolla's corporate identity]. Artlebedev.ru. 2010-10-28. Retrieved 2013-08-30.
- ^ "Bitbox Closing Life Is Feudal: MMO Due To Publisher Xsolla Not Paying Them". 23 December 2020. Retrieved 27 October 2022.
- ^ "Xsolla USA, Inc. v. Bitbox Ltd".
- ^ "Xsolla fires 150 employees using big data and AI analysis, CEO's letter causes controversy". 4 August 2021.