Nuvei is a global payments technology company headquartered in Montreal. Its payments business spans more than 200 markets. It has local card acquiring in 46 markets and businesses that can accept more than 150 currencies and 530 alternative payment methods, including cryptocurrencies.

The company began life as Pivotal Payments and was established in 2003 by Phillip Fayer. Fayer founded the company after taking a stint off his time at university. From the offset, Nuvei was focused on what it is to this day: electronic payment processing and merchant services for point of sale and online businesses.

In 2006, the company gained an investment from Goldman Sachs totaling CA$60m, which helped the company execute several acquisitions by 2010. The company grew to about 300 employees in Canada and the US, reporting a yearly revenue of CA$150m.

The next big expansion occurred in 2017 when Montreal-based private equity firm Novacap teamed up with a Québec public pension fund manager to launch a joint venture into the company. These two investment firms valued the company at CA$525m.

The new influx of money allowed Nuvei to expand further – in 2019, Nuvei purchased SafeCharge, an electronic money institution, for $1.1bn. In 2020, the company entered the Nasdaq and raised US$700m on its initial public offering on the Toronto stock exchange. It closed at CA$5.7bn making it one of Canada’s most valuable publicly traded companies.

Nuvei’s stock continued to rise as it bought out competitors such as Smart2Pay, a payments service provider and BaseCommerce, a payment processing company in 2020. The next year they acquired Simplex, a crypto exchange platform, for $250m.

In August 2021, Nuvei completed the acquisition of payment provider Mazooma, a transaction that expanded its portfolio in North America, quickly followed by its purchase of Paymentez as it made inroads into Latin America.

Key personnel:
Chief Operating Officer, Digital Payments: Max Attias
Chief Data & Analytics Officer: Netanel Kabala
Chief Corporate Development Officer: Neil Erlick
Chief People Officer: Nikki Zinman
President: Yuval Ziv
President (North America): Mark Pyke

Company size: 1300+

 

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.