Xsolla

Xsolla is an international video game commerce company, providing game developers and publishers with payment, billing, distribution, and marketing tools. It is a California Corporation (US company) headquartered in Sherman Oaks, Los Angeles, California.[2]

Xsolla
IndustryFinancial service
Founded2005 (2005)[1]
FounderAleksandr Agapitov
Headquarters
Sherman Oaks, Los Angeles, California
,
United States of America
Area served
Worldwide
Servicespayment systems for game publishers
Websitewww.xsolla.com

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) 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.

Controversy

In 2021, Xsolla fired 150 employees based on their performance metric which was measured using big data and AI analytics.[4] In a press conference, the CEO explained that this decision was taken due to a slowing growth of the company.[5]

References
  1. "Энциклопедия: 2PAY | MoneyNews". Moneynews.ru. Retrieved 2013-08-31.
  2. Carpenter, Scott (18 April 2022). "Video Game Junkie Quietly Builds $3 Billion Payments Powerhouse". Bloomberg News. Retrieved 19 April 2022.
  3. "Фирменный стиль "Иксоллы"" [Xsolla's corporate identity]. Artlebedev.ru. 2010-10-28. Retrieved 2013-08-30.
  4. "Xsolla fires 150 employees using big data and AI analysis, CEO's letter causes controversy". 4 August 2021.
  5. "Xsolla founder on mass layoffs and AI-based employee appraisal system: "Stories of fear sell better than those of hope"". 6 August 2021.
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