Core Viewpoint - Canadian FinTech Nuvei is set to become a private company following its acquisition by Advent International, with the deal expected to finalize around November 15, 2023 [1][2]. Group 1: Acquisition Details - The acquisition deal, valued at $6.3 billion, was announced on April 1, 2023, and has received all necessary regulatory approvals [2]. - Nuvei's CEO, Philip Fayer, will retain nearly 25% of the equity in the private company post-acquisition [2]. - The acquisition is seen as a strategic move to allow Nuvei to pursue market opportunities without the pressures of public market valuations [2]. Group 2: Product Development and Partnerships - Since the announcement of the acquisition, Nuvei has expanded its product offerings and partnerships, including a collaboration with BigCommerce [3]. - The integration of Nuvei for Platforms with BigCommerce aims to enhance omnichannel payment processing for customers across North America, Europe, and Asia Pacific [3]. Group 3: Industry Challenges - Nuvei's Chief Revenue Officer, Laura Miller, highlighted the complexities of the payments industry, noting that consumer expectations have evolved to demand safe and secure payment options anytime and anywhere [5]. - The payment experience can be challenging for consumers due to various factors such as error messages, internet stability, and the multitude of payment options available [5].

MONTRÉAL, Nov. 13, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today that it has received all regulatory approvals required in connection with the closing of the previously-announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc., an entity formed by Advent International, with the support and participation of Philip Fayer, certain in ...

Nuvei Corporation (NVEI) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.61%. A quarter ago, it was expected that this company would post earnings of $0.47 per share when it actually produced earnings of $0.41, delivering a surprise of -12.77%.Over the last four quarters, the comp ...

Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS")MONTREAL, Nov. 12, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today reported its financial results for the three and nine months ended September 30, 2024."We are pleased to report third quarter financial results that underscore the rapid scaling of our business, with total volume increasing 27% and revenue higher by 17% year ...

Collaboration brings Nuvei's comprehensive Nuvei for Platform integrated payments solution to BigCommerce customers, including seamless omnichannel experiencesMONTREAL and AUSTIN, Texas, Oct. 22, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it has partnered with BigCommerce (Nasdaq: BIGC), a leading open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers. This ...

Businesses in Singapore and Hong Kong can now accept payments by JCB credit and debit cards through their existing single integration with Nuvei TOKYO and MONTREAL, Oct. 7, 2024 /PRNewswire/ -- JCB International Co., Ltd. ("JCB"), Japan's only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong. This expansion builds upon Nuvei's ...

Upgrades to Nuvei's suite of seamless Embedded Payments solutions unlocks new growth opportunities for businesses of all sizes MONTREAL, Sept. 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced the launch of several new features and enhancements for its Nuvei for Platforms product. Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including marketplaces, commerce pla ...

MONTREAL, Sept. 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has published its third annual ESG Report for 2023. The report details Nuvei's ongoing achievements across the key pillars of its ESG strategy and highlights the various ways Nuvei continues to deliver on its vision of being a people-first, technology-led global payments platform. "Sound corporate governance, strong information security proced ...

Hong Kong, Aug. 30, 2024 (GLOBE NEWSWIRE) -- It has come to our attention that a press release was recently issued by Fintech360 regarding our collaboration with Nuvei. Unfortunately, this release was mistakenly distributed without the final approval from our partners at Nuvei. We sincerely regret this oversight and wish to clarify that the information in that release was not confirmed or authorized by Nuvei. Fintech360 takes full responsibility for this error and deeply regrets any confusion or inconvenien ...

Hong Kong, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Nuvei and Fintech360 are excited to announce the launch of a cutting-edge cashier solution that is setting new standards in secure and efficient digital transactions for the forex B2B industry. Through this, forex businesses and clients will be able to utilize Fintech360's unique offerings to enhance their productivity. Payment processing is a cornerstone of any successful business, especially in the fast-paced forex B2B sector. The rapid evolution of digital com ...