Nuvei Corp

Nuvei Corp. engages in the provision of global payment solutions. It provides mobile commerce and eCommerce payments technology. Its services include payment gateways, security and risk management, recurring and subscription billing, multi-currency pricing, dynamic currency conversion, and ACH payment processing services. The company was founded by Philip Fayer on September 1, 2017 and is headquartered in Montreal, Canada.

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Nuvei Corp. engages in the provision of payment technology and solutions.Its services include payment gateways, security and risk management, recurring and subscription billing, multi-currency pricing, dynamic currency conversion, and ACH payment processing services. The company was founded by Philip Fayer on September 1, 2017 and is headquartered in Montreal, Canada.

Canadian FinTech Nuvei has completed its previously announced go-private transaction. As a result of the completion of the arrangement, the company expects that the subordinate voting shares will be de-listed from the Toronto Stock Exchange around Monday (Nov. 18) and from the Nasdaq Global Select Market around Nov. 25, Nuvei said in a Friday (Nov.

Nuvei Completes Previously Announced Go-Private Transaction

MONTREAL , Nov. 15, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which Neon Maple Purchaser Inc. (the "Purchaser"), an entity formed by Advent International ("Advent"), acquired, directly or indirectly, all the issued and outstanding subordinate voting shares (the "Subordinate Voting Shares") and multiple voting shares (the "Multiple Voting Shares" and together with the Subordinate Voting Shares, the "Shares") of the Company for a price of US$34.00 per Share (the "Arrangement"). As part of the Arrangement, Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, "Novacap") and Caisse de dépôt et placement du Québec ("CDPQ") (together with entities they control directly or indirectly, collectively, the "Rollover Shareholders") sold their Shares (the "Rollover Shares") in exchange for a combination of cash and shares in the capital of the Purchaser or an affiliate thereof, in accordance with the terms of the Plan of Arrangement and the applicable rollover agreement entered into with each Rollover Shareholder in connection with the Arrangement.

NUVEI ANNOUNCES COMPLETION OF GOING PRIVATE TRANSACTION

Canadian FinTech Nuvei is expected to become a private company by the end of the week. The company received all the regulatory approvals it needs in order to be acquired by Advent International, according to a Wednesday (Nov. 13) press release.

Nuvei Gets Regulatory Blessing to Go Private

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 investment funds managed by Novacap Management Inc. and CDPQ. The Company expects that, subject to the satisfaction at closing of the remaining closing conditions, the Arrangement will be completed on or about November 15, 2024.

NUVEI RECEIVES ALL REGULATORY APPROVALS FOR GOING PRIVATE TRANSACTION

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.

Nuvei Corporation (NVEI) Q3 Earnings Lag Estimates

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-over-year, setting us up well to achieve our targeted growth in the quarters and years ahead as we deliver more differentiated value across our global payment solutions platform," said Philip Fayer, Nuvei Chair and CEO.

Nuvei Announces Third Quarter 2024 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--The American Gambling Awards today announced Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, has been named Payment Service Provider of the Year for the 2024 American Gambling Awards. This prestigious accolade underscores Nuvei's position as a leader in iGaming payment solutions and highlights the company's dedication to empowering operators in the regulated U.S. online gambling industry. The American Gambl.

Nuvei is the 2024 American Gambling Awards Payment Service Provider of the Year

BigCommerce Holdings, Inc.

Collaboration brings Nuvei's comprehensive Nuvei for Platform integrated payments solution to BigCommerce customers, including seamless omnichannel experiences MONTREAL 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 partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei's comprehensive suite of omnichannel payment solutions through its Nuvei for Platforms solution, bridging the gap between online and in-store experiences through a single payment processing partner.

Nuvei partners with BigCommerce

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.

JCB and Nuvei expand global partnership in APAC

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 adds new functionality

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.

Nuvei publishes its Third Annual Environmental, Social and Governance ("ESG") Report

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.

Clarification Regarding Unapproved Press Release in Collaboration with Nuvei

Setting New Standards in Secure and Efficient Digital Transactions for the Forex B2B Industry Setting New Standards in Secure and Efficient Digital Transactions for the Forex B2B Industry

Nuvei and Fintech360 Announce a Cutting-Edge Cashier Solution

Partnership enhances payment capabilities for Scanco customers, streamlining operations and improving financial visibility MONTREAL and NOKOMIS, Fla. , Aug. 8, 2024 /PRNewswire/ -- Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces its partnership with Scanco Software, LLC ("Scanco"), a leading provider of innovative software solutions for the manufacturing and distribution industries, to enhance Scanco's new Invoice2Payment (i2PAY) solution.

Scanco selects Nuvei to boost B2B payments for warehouse and manufacturing operations

Nuvei Corporation (NVEI) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.39 per share a year ago.

Nuvei Corporation (NVEI) Q2 Earnings Lag Estimates

Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL , Aug. 6, 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 six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024 Compared to 2023: Total volume(a) increased by 22% to $61.7 billion from $50.6 billion; Revenue increased by 13% to $345.5 million from $307.0 million; Net income decreased by 54% to $5.3 million from $11.6 million; Adjusted EBITDA(b) increased by 6% to $116.8 million from $110.3 million; Adjusted net income(b) increased by 8% to $62.6 million from $58.1 million; Net income per diluted share decreased to $0.02 from $0.07; Adjusted net income per diluted share(b) increased by 5% to $0.41 from $0.39; Adjusted EBITDA less capital expenditures(b) increased to $96.4 million from $95.9 million.

Nuvei Announces Second Quarter 2024 Results

Canadian payments FinTech Nuvei is set to acquire Brazilian payments institution Pay2All. The deal, announced Monday (Aug. 5), is designed to expand Nuvei's capabilities in Brazil and its presence in the larger Latin American market.

Nuvei Set to Acquire Brazil's Pay2All

Proposed acquisition represents significant milestone in global expansion strategy and further strengthens Nuvei's presence in LATAM MONTREAL , Aug. 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. ("Pay2All"), a licensed Payment Institution authorized by the Central Bank of Brazil.

Nuvei agrees to acquire licensed Payment Institution in Brazil

MONTREAL , July 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced it will release its second quarter 2024 results after market close on August 6, 2024. On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap, and CDPQ for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion.

Nuvei to Release Second Quarter 2024 Results on August 6, 2024

Mastercard

Mastercard and Canadian FinTech Nuvei have teamed to help consumers turn digital assets into fiat currency. The collaboration, announced Thursday (July 11), is open to consumers in Europe, and lets them convert their assets via debit, credit and prepaid cards.

Mastercard and Nuvei Team to Provide Digital Asset Offramp

Consumers are able to seamlessly convert assets such as cryptocurrencies into fiat funds MONTREAL and LONDON , July 11, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards. This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard's global network.

Nuvei introduces off-ramping of Digital Assets to cards via Mastercard Move in Europe

Extends Nuvei's local acquiring footprint into MENA and reaffirms overall commitment to the thriving region MONTREAL , June 25, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates (UAE) and fortifying its global presence and commitment to the Middle East and North Africa (MENA) region. The UAE is a crucial market for Nuvei's global customers due to its rapidly growing eCommerce sector, which is projected to surpass $10 billion in revenue by 2029 with an annual growth rate (CAGR 2024-2029) of approximately 9%1.

Nuvei secures Retail Services Category II License from the Central Bank of the UAE

MONTREAL , June 20, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc., a newly-formed entity controlled by Advent International, L.P. This final court approval follows the shareholder approval that was obtained at the special meeting of Nuvei's shareholders held on Tuesday, June 18, 2024.

NUVEI OBTAINS FINAL COURT APPROVAL FOR GOING PRIVATE TRANSACTION WITH ADVENT

Nuvei shareholders have voted in favor of an all-cash deal which will see the Montreal-based payments provider bought by an American private equity firm Advent International and taken private at a valuation of US$6.3 billion. The majority of shareholders supported the deal, with 99.24% voting in favor and just 0.76% against.

Nuvei shareholders back sale and go-private plan

Nuvei has obtained shareholder approval for its previously announced plan for a going private transaction with Advent International. Shareholders approved the special resolution at a meeting held Tuesday (June 18), the Canadian FinTech company said in a Tuesday press release.

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