Xsolla

By accepting payments in more than 300 online games and integrating more than 150 payment systems, Ixolla has been implementing individual payment solutions for more than 6 years, allowing its partners to successfully monetize. "Ixolla" demonstrates a stable growth in turnover by 100% per year and today brings together more than 50 million players around the world.

Founded in Perm in 2006, Xsolla provides video game developers and publishers with payment acceptance systems. The company is currently headquartered in Los Angeles, there are also offices in Moscow, Perm, Kyiv and Seoul.

Initially, Xsolla was called 2Pay and was engaged in accepting payments intended for Russian developers and publishers. Payment was accepted by credit and debit cards, bank transfers, as well as through terminals and electronic wallets. Subsequently, it became possible to pay through PayPal and mobile payments, after which the company's expansion in the international market began.

According to information presented on the Xsolla website, the well-known video streaming service Twitch, specializing in gaming topics, and the developer Valve, the creator of Counter-Strike and Dota 2, collaborate with it. Also a partner of Xsolla is Epic Games, the developer of the Fortnite game, which in 2018 became the most profitable computer game in history.

History

2022

Liquidation of legal entity in Russia

According to data from the Unified State Register of Legal Entities (USRUL), the parent organization of Xsolla in Russia - Ixolla Russian Holding LLC - has been in the process of liquidation since June 2, 2022. The service for accepting payments in online games filed a corresponding application on May 26, 2022.

Ixolla Russian Holding LLC, owned by the American Ixolla Holding Company, by June 7, 2022 owns three more Xsolla legal entities in Russia - Ixolla LLC, Sistema Projects LLC and Ixolla Games LLC. The status of these companies did not change by June 7, 2022.

Perm payment service for gamers Xsolla liquidates legal entity in Russia

In mid-March 2022, Xsolla announced plans to transport some of its employees abroad from Russian offices, including in Perm. Then the company noted that the period of work remotely taught everyone that you can conduct activities from anywhere in the world. Some employees of the company already work from places that are not near offices.

By June 2022, Xsolla's offices are located in Russia, the United States, South Korea, China and Germany. The company has also been preparing to launch a representative office in Malaysia since 2021.

Many of our employees from different countries have already received an offer to move. Among them are many colleagues from the Russian office of various specialties. Their experience is necessary to build a business in a new market and train new employees. Now it is important for us to gather a team of experts who are well acquainted with the company, as well as to select "local" professionals who know the specifics of work in the region, - reported in Xsolla to 59.RU.

The company added that the Southeast Asian market is actively developing and is becoming attractive to investors and businesses. In this region, by June 2022, Xsolla has partners and "the need for our service," the company said.^[1]

Entering the Chinese market

Perm payment service for gamers Xsolla in early May 2022 announced its entry into the Chinese market. The company, famous for the scandal with the dismissal of workers due to "inefficiency" and "low productivity" and ambiguous statements by its founder and already former CEO, opened an office in the capital of the PRC, said its founder Alexander Agapitov.

China has the world's largest video game market, and we are pleased to announce that we have opened an office in Beijing, "he wrote on his Facebook page (banned in Russia; belongs to Meta, a recognized extremist organization and banned in the Russian Federation) Agapitov.

Perm payment service for gamers Xsolla entered the Chinese market

By May 2022, Xsolla has its head office in Los Angeles. The company is developing solutions for simplified acceptance of payments by publishers, developers and distributors of games. Partners include Twitch, Epic Games, etc. According to the Xsolla website, its services operate in more than 200 countries and 130 currencies. there are about 700 ways in which gamers can make in-game purchases.

In April 2022, Bloomberg reported that two investment banks valued Perm Xsolla at $3 billion - as much the company will cost if it goes public. At the same time, Alexander Agapitov then said that the company does not plan to conduct an IPO yet.

At the end of April 2022, Xsolla introduced a beta version of the game developer tool. NFT Checkout will process in-game payments related to the purchase of non-replaceable tokens. The tool offers help for developers to quickly and securely embed NFT into game mechanics. Gamers, in turn, will be able to quickly and easily shop using the desired payment option.

Appointment of Konstantin Golubitsky to the position of CEO

On February 3, 2022, Xsolla, an international video game monetization solutions company, announced the appointment of Konstantin Golubitsky as CEO. Read more here.

2020: Investing in DMarket

On June 18, 2020, it became known that DMarket - a platform for trade in-game items and a gaming technology monetizations for game developers, creators, content brands and players - raised $6.5 million in investments from a venture capital fund, Almaz Capital as well as Xsolla. More here.

2019: Search in Perm

The police and the FSB came to the Perm office of the IT company Xsolla with a check. This was announced in February 2019 by the Perm online magazine Zvezda. The check began at 9:30 am local time. Mobile phones were seized from the company's employees, and exit from the building was prohibited. Xsolla's office in Perm is located at Komsomolsky Prospekt, house 1^[2]

Xsolla founder Alexander Agapitov explained the possible reasons for the check. "Xsolla is registered in the United States. All online purchases from foreign companies are subject to VAT, which in 2019 is 20%. This is the "Google tax." We have huge turnover and 20% is a large amount. By this I explain the presence of FSB officers. But everything has been paid for us, "Zvezda quoted him as saying.

Agapitov added that during the audit, the company's accountants provided law enforcement officers with the requested documents in a separate office.

Notes