Stay informed with Nuvei’s updates on payments, innovations, and strategies to accelerate your business.
Unlock seamless financial transactions with Interac and Instant Bank Transfer. Enjoy rapid, secure payments anytime, anywhere.
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
Supercharge your business by easily integrating Interac into your payment system. Experience lightning-fast payments through direct account-to-account transfers.
Join forces with the robust interbank network of Canadian financial institutions, processing billions of transactions annually.
Discover Instant Bank Transfer (IBT), your ultimate solution for secure and seamless payment verification in Canada.
IBT streamlines deposit and withdrawal processes while ensuring top-notch identity verification. Trust in IBT's cutting-edge risk management technology to safeguard your transactions and provide a hassle-free experience.
Customers and businesses can make and receive payments instantly, in a matter of seconds.
Benefit from enhanced conversion rates, an improved user path offering a smooth, and mobile-centric customer journey.
Unlock seamless financial transactions with Faster Payments and Pay with Bank Transfer. Enjoy rapid, secure payments anytime, anywhere.
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
Experience instant money transfers, bypass card network limitations, and harness the power of trusted banking connections.
Save time and money with processing through the Faster Payments network while offering a reliable and affordable alternative to credit cards.
Enjoy secure, hassle-free payments directly from your bank account with Pay with Bank transfer, powered by American Express but accessible to all.
Customers and businesses can make and receive payments instantly, in a matter of seconds.
Benefit from enhanced conversion rates, an improved user path offering a smooth, and mobile-centric customer journey.
Unlock seamless financial transactions with SEPA and SEPA Instant Credit Transfer. Enjoy rapid, secure payments anytime, anywhere.
Enjoy effortless and rapid transactions online or via phone, with instant payment options for quick fund movement. With robust security and customizable fraud prevention, our reliable solutions offer comprehensive, transparent reporting for your convenience.
SEPA (Single Euro Payments Area) transforms E.U. cashless transactions, offering rapid euro transfers, 24/7, and near-instant processing for all participants.
With a single integration, supercharge your operations, fulfill orders faster, and boost cash flow with lightning-fast, real-time payments. Providing customers with unparalleled convenience, no matter where they are.
Customers and businesses can make and receive payments in a matter of seconds using their trusted bank relationships.
Enhanced conversion rates, an improved user path offering a smooth, mobile-centric customer journey. Decreased payment processing expenses by eliminating charges associated with card networks.
Protect your customers' data and prevent fraud. Say goodbye to chargebacks with our guaranteed solution.
Discover Nuvei's U.S. Bank Transfer services for seamless, rapid, and secure payments. Leverage ACH, RTP, and FedNow networks for flexible money transfers.
Enjoy effortless transactions, instant payment options, and transparent reporting. Protect your business with our Assured Funds guarantee.
Empower your customers with a cost-effective, convenient payment solution. Debit funds directly from bank accounts for single or repeat transactions.
Save time and money with processing via Automated Clearing House (ACH), Real-time Payments (RTP®), and FedNow.
Mitigate payment risks effectively with Nuvei's Assured Funds, an insurance solution designed to protect businesses from potential losses caused by unauthorized, returned payments.
Ensures protection against unpaid transactions and fraud. We assume the risk and handle collections, letting you focus on business.
Guarantees funds on all returns, including unauthorized returns. Rapid merchant funding accelerates settlement and payment.
Prevent fraud and reduce returns with smart approval logic. We offer three validation levels for your unique business needs.
Enhanced security, real-time validation, and commercially reasonable bank account validation.
Powerful add-on that offers a deeper level of validation and greater fraud prevention.
Reduces administrative and NSF returns by providing the latest status of customer bank accounts.
Check 21+ is a cutting-edge payment solution that allows merchants to process paper checks electronically.
With this innovative technology, merchants can say goodbye to time-consuming trips to the bank and hello to faster, safer processing.
Discover Nuvei's seamless issuing payment solutions, including customizable physical and virtual cards, unified acquiring and issuing, and data-driven insights.
Just like a finely tuned race car, every marginal improvement in your payment processes can lead to big growth. Maximize your approval rates and revenue with Nuvei's issuing solution.
Elevate your brand with Nuvei’s customizable physical cards.
Put your brand in your customers’ wallets and give them ability to pay with your card for their day-to-day expenses.
Streamline vendor payments swiftly and cost-effectively with Nuvei’s virtual card.
Combine card issuing with acquiring and settlement accounts, all on one platform.
Optimize your cash flow with the precision of a pit crew, supporting your business to lap the competition.
Unlike other card issuers, Nuvei’s unified payments platform bridges your acquiring and card issuing, ensuring funds flow seamlessly across your business without any delays.
Maximize your revenue and make informed business decisions with Nuvei's data-driven insights.
Nuvei’s powerful reporting technology allows you to see holistic payments data and detailed transaction information—all on a single platform.
Propel your business to the front of the pack with Nuvei's custom tailored payments.
Our issuing solution enables you to benefit from simpler, faster customer payouts, innovative accounts payable features, and streamlined B2B travel.
Drive smarter decisions with Nuvei's Analytics Dashboard. Access holistic payment data and detailed transaction insights on a single platform for improved business outcomes.
Integrate with our global data hub to maximize potential revenue. Automate data and report distribution to optimize your transactions.
Access your payment activities and manage your merchant account data across all channels. Deep-dive into analytics, including traffic optimization, leading to higher approval rates and revenues
Real-time reports, processing comparisons, and case management all help identify opportunities to increase revenue and reduce lost sales.
Convert more payment transactions through data-driven rules and innovative routing powered by advanced analytics.
Run reports and optimize payments from one central dashboard.
Designed to scale with your business, Nuvei’s Control Panel is ideal for accommodating growth and evolving requirements without loss of performance.
With robust security built in, rest assured sensitive business and customer data is protected.
Smooth our your customer journey with intelligent exemption selections.
Our proprietary and powerful engine identifies the exemption types most likely to gain approval, ensuring a hassle-free experience for your customers.
Increase revenue, plus save time and money by automating your data streams. Get more control over fees, deposits, withdrawals, account balances and chargebacks.
Plus, get timely, meaningful information that allows you to stay ahead of the competition. For wherever business takes you next.
Boost your business with Nuvei's real-time payments. Experience seamless, instant transaction processing to enhance cash flow and stay compliant with secure payment solutions.
Enjoy quick, effortless transactions online or by phone, backed by our customizable fraud prevention and assured funds guarantee. Benefit from clear, detailed reporting for complete transparency.
Why wait? Experience lightning-fast fund transfers with our instant payment solutions. Streamline your financial operations with ease and speed and delight your customers.
Harness the power of instant, real-time payments with our global network of providers. Our expansive reach offers unparalleled bank and country coverage, keeping you at the forefront of the financial world.
Boost your revenue and provide exceptional convenience to customers worldwide, facilitating growth at the speed of now.
Embrace a world where intricate transaction processes are replaced by a streamlined, intuitive experience.
This shift promises not only higher conversion rates but also reduced processing costs, and a fortified security environment.
Experience cost-efficient, reliable, and fast bank transfers with Nuvei. Streamline your payment processing, elevate customer satisfaction, and boost conversion rates globally.
Meet the fast-paced needs of your organization with our rapid and instant payment options that pave the way for growth. Our Open Banking Technology and vast global partnerships offer a competitive edge. Every major market and network, all through a single integration.
Our bank transfer solutions give your customers the advantage of paying with their banking information, all within your regular checkout experience.
Say goodbye to confusing transaction flows and hello to higher conversion rates, lower processing costs, and enhanced security.
Our bank transfer solutions are designed with your customers' preferences in mind, offering them a broader range of payment options that cater to their diverse needs.
This not only simplifies transactions but also broadens your appeal to a wider audience, including those who prefer not to use credit cards or seek alternatives to traditional payment methods.
Step into a realm of unparalleled security with our zero chargeback solutions, designed to safeguard your business against fraud while securing your customers' sensitive data.
Our guaranteed solution assures that once a payment is made, it cannot be reversed by the payer. Unlike credit card payments which can be disputed by the cardholder, we make chargebacks a thing of the past.
Offer your customers a seamless payment experience while enjoying the benefits of lower processing fees compared to traditional credit card transactions.
This cost-effective solution not only makes payments more affordable but also enhances operational efficiency, allowing you to invest more in growing your business.
Get unmatched country and bank coverage with our extensive network of global providers. Stay ahead of the curve and expand your revenue streams. Delight your customers with unparalleled convenience no matter where they are.
Automated Clearing House (ACH), Real-time Payments (RTP®), FedNow
SEPA, SEPA Instant
Faster Payments, Pay with Bank Transfer
Interac®
Streamline your financial processes with Nuvei's Reconciliation Management. Automate and manage payment reconciliation effortlessly for improved accuracy and efficiency.
With a streamlined process, everything is faster, more accurate and less expensive to manage.
Automatically match and reconcile your payments across multiple service providers and data sources. We can connect, integrate and monitor any new method.
With a streamlined process, everything is faster, more accurate and less expensive to manage.
Nuvei Reconciliation Manager+ takes care of the entire process all the way from implementation to updates, and reporting.
Save more time, reduce customer support tickets, spot technical issues and save more money.
Master your payment operations with Nuvei's Payment Orchestration. Streamline and manage complex payment flows with our comprehensive tools for maximum control and insight.
Control and manage the entire payment process for optimal performance, sales and revenue.
Optimize and control your payment experience through the Control Panel of the Payment Orchestration hub.
Manage settings that can boost acceptance rates, increase security and reduce declines or capture more revenue.
Boost your transaction approval and authorization rates by managing online exemption submissions.
More detailed data points mean more authorizations, better security, and a personalized, seamless experience for your customers.
Convert more payments by avoiding declined transactions. From one dashboard, you can set and manage data-driven rules.
Advanced analytics power innovative transaction routing.
Nuvei chargeback management tools can prevent and eliminate potential chargebacks before they happen - and mitigate the damage of those that do.
Keep on top of business performance with a crystal-clear view of your payments data across all channels.
Sometimes all you need is a nudge in the right direction. Business Coach is there to highlight when you could be achieving higher sales or customer engagement.
Business Coach offers actionable tips and key business metrics to help grow your business.
Streamline your Web3 business with Nuvei's painless fiat-crypto conversion. Partner with us for seamless blockchain payment technologies and infrastructure to drive your crypto success.
Offering an unmatched range of services, we empower hundreds of partners to enable millions of people to buy billions of dollars in digital assets. We are the leading payment partner of over 450 leading exchanges, wallets, brokers, coins, NFT platforms and blockchain games.
Nuvei's fiat on-ramp and off-ramp provides a smooth experience for converting between fiat and cryptocurrencies. Accessible to both those with no blockchain experience and on-chain gaming experts through a single API.
Join hundreds of global businesses and discover the power of fiat-crypto conversion on demand delivered by fully licensed, publicly listed provider.
Stablecoins are becoming a true alternative form of payment to offer to merchants on top of more traditional payment methods.
We enable real-time stablecoin transactions, easy conversion between fiat and stablecoins, and comprehensive settlement services tailored to meet your needs.
One partnership for all your crypto business needs. Enable your blockchain assets for seamless onramps with 100+ fiat currencies, globally.
Accelerate transactions and enhance data accuracy, plus boost customer loyalty through our innovative crypto payment options. Experience the confidence of partnering with a provider that goes beyond fraud prevention to offer full-scale payment processing support.
Cryptocurrency payments broaden market access and lower costs by eliminating intermediaries, offering global reach with minimal transaction fees.
Crypto is transforming gaming, offering significant advantages. Larger transaction limits, quicker payouts, and enhanced security minimize the need to share banking information.
With lower fees and global fund access, cryptocurrencies offer convenience and signals innovation. Additionally, players can receive bonuses as incentives for using crypto, enriching their gaming experience.
Nuvei leads the move to Web 3.0, making your blockchain and Metaverse projects successful. With top partnerships and tools, we help you stand out.
Our approach gives users full control over their digital assets and privacy, boosting confidence in digital exploration.
Elevate the buying experience with Nuvei's embedded financial services. Discover seamless integration today and transform your revenue streams.
Keep customers within your ecosystem by adding financial services into your payment mix. Offer bank deposits and payouts, as well as cards and financing. Make it easier for customers to buy more, more often.
Expand your global reach and optimize transactions with Nuvei Business Accounts. Deliver real-time funds access, lower fees, and seamless integration to enhance efficiency and financial control.
Streamline your financial operations with Nuvei as your single partner for acquiring, issuing, and banking services.
Elevate your brand and streamline payments with Nuvei’s customizable physical and virtual cards, offering seamless and secure transactions across all channels.
We take care of all the back-office complications including card scheme approval, global regulatory compliance, technical setup and card manufacturing.
Your business moves fast. Make sure your financing can, too.
Access funds quickly to achieve your goals and seize more opportunities. No banks or red tape involved.
Grow your business with industry-leading buy now, pay later options. Get paid upfront while offering customers flexible payment terms.
Make it easier for your customers to get what they need right now. Best of all, it's integrated seamlessly into the checkout experience.
Mitigate chargeback risks with Nuvei's effective resolution services. Streamline dispute processes, reduce fraudulent claims, and protect your revenue with our advanced tools.
Prevent the majority of would-be chargebacks before they materialize. Transactions are protected with pre-chargeback mitigation, smart fraud-screening, alerts and communications.
Reduce the costs of disputes and chargebacks with Nuvei Chargeback Resolve. Every chargeback actioned is centralized and managed through Nuvei’s Control Panel. The whole process maximizes transparency and efficiency.
Control disputes or chargebacks quickly and easily with integrated solutions from Visa and Mastercard.
Facilitate global commerce with Nuvei's Currency Management. Simplify FX transactions, enhance payment flexibility, and offer customers native currency options for improved satisfaction.
Whether your customers want to do business with you online or in-store, we make it easier to do business with and encourage return visits.
According to Insider Intelligence’s Global eCommerce report, 92% of customers prefer to buy from sites that price items in their local currency.
Make buying simple and frictionless for customers while receiving settlement and reporting in your domestic currency.
By offering customers pricing in their domestic currency, you can make card purchasing transparent and trustworthy while earning a percentage commission.
Protect your business with Nuvei's Fraud & Risk Management solutions. Minimize threats and secure data while maintaining a smooth customer experience.
From advanced fraud detection to industrial grade tokenization and KYC, Nuvei protects you and your customers.
Transaction data is our greatest weapon in the fight against fraud. Crush false positives with a powerful set of customizable tools without compromising customer experience.
Replacing sensitive data with a secure token means faster and more secure payments that can help create a better customer experience.
Through a combination of our agnostic and network tokenization features, we offer one of the most flexible and complete solutions in the market.
We recognize the need for the highest security available to protect you and your customers. In compliance with PCI Data Security Standards, we have met and surpassed all requirements set forth as a Level 1 Service Provider.
Our technology and expert staff can help you reduce risk, chargebacks and simplify PCI DSS compliance.
oost your transaction approval rates with Nuvei's Authorization Optimization. Benefit from advanced analytics and tailored strategies to enhance payment success and revenue.
Just like driving a finely tuned race car, every small improvement made adds up to significant gains. Maximize approval rates and revenue with features designed to guide every payment from checkout to completion.
Discover the future of optimized commerce with our AI-powered intelligent authorization solutions.
Fire up your revenue engine by boosting authorization success rates through our pre-transaction optimization tools.
Direct transactions intelligently to different banks. Increase sales and conversion rates by improving the chance of successful payment.
Generate more revenue and higher approvals by enabling virtually limitless routing possibilities. Every major payment service and gateway is supported.
Dive into a world where every transaction parameter is meticulously adjusted and optimized. Leverage artificial intelligence to ensure a smooth and successful checkout experience.
Watch your conversion rates soar as we intelligently re-attempt transactions to secure success.
Elevate your payment strategy with insight-driven authorizations. With AI-driven tools built into our analytics suite, leverage the data you need for every transaction and authentication flow.
Steer your transaction traffic towards smoother roads and higher approval rates. Tailored insights mean you're in the driver's seat, accelerating towards optimized authorizations and financial performance.
Through its Mazooma platform, Nuvei is proud to be the first to bring Real-Time Payments to the U.S. sports wagering and iGaming industry
MONTREAL, October 28, 2021 — Through its Mazooma platform, Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, is proud to be the first to bring Real-Time Payments to the U.S. sports wagering and iGaming industry. The offering enables players to receive payouts immediately into their bank accounts, safely and securely, 24/7/365.
On October 21st, 2021 our contribution to the industry was recognized as Mazooma won the Payment Service Or Solution Provider of the Year award at the 2021 Global Regulatory Awards hosted by VIXIO Gambling Compliance for its game-changing Instant Withdrawals feature.
“Real-time payments give consumers more choice. Through Nuvei’s diverse portfolio of payment methods, which now includes Instant Withdrawals, players will be able to instantly withdraw their winnings, any time of the year, immediately to their bank account,” said Philip Fayer, Nuvei’s Chair and CEO. “We will keep working hard to provide the most innovative payment options so our consumers have the smoothest and most reliable payment experience.”
Instant Withdrawals are a win-win for both players and operators. Players enjoy peace of mind with the option to access their winnings instantly. For the gaming operator, real-time withdrawals offer a better user experience than any other payment method available.
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day
MONTREAL, October 25, 2021 – Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced it will release its third quarter 2021 financial results before market open on Tuesday, November 9, 2021. Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13724346. The replay will be available through Tuesday, November 23, 2021.
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei to provide payment processing expertise and technology to Connecticut’s online gaming operators
MONTREAL and HARTFORD, Connecticut, October 20, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, has announced that its wholly owned subsidiary has been granted an online gaming service provider vendor registration in Connecticut. The registration was approved by the Connecticut Board of Consumer Protection and allows Nuvei to support sports betting and iGaming operators within the state.
Online sports betting was legalized in Connecticut in May 2021. Since the law’s passage, operators in the state have been preparing to debut their sports betting and iGaming capabilities, with the first legal online sportsbooks going live as of October 19. Nuvei stands as a proven solution provider to assist these operators with industry expertise and payment processing technology that includes a revenue optimization suite, streamlined pay-ins through a variety of payment methods including cards, ACH and alternative payments, net deposits, real-time fraud detection, risk management, and instant payouts.
Nuvei continues to expand its footprint as the payment provider of choice for regulated online sports betting across the U.S., with high-profile partnerships including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and BetMGM.
We are Nuvei (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time
MONTREAL, October 8, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands, announced today its collaboration with Visa, the world’s leader in digital payments, to offer Nuvei’s U.S. clients access to fast payouts via implementation of Visa Direct[1], Visa’s real-time[2] push payments platform. Initially available in Europe, this offering will now enhance Nuvei’s payout capabilities in the U.S. and help create a more efficient, secure and seamless payments experience for its merchant clients across virtually any industry.
With Visa Direct, Nuvei’s clients will be able to provide fast payout capabilities to their customers, with transactions routed and processed in near real time. The expansion of Nuvei’s offering with Visa Direct to the U.S. marks an exciting milestone as part of the Company’s goal to deliver the latest payment innovations at a global level.
“The introduction of Visa Direct to our U.S. merchant clients further strengthens our constantly evolving payout options,” said Philip Fayer, Nuvei’s Chair and CEO. “As consumers are looking for faster, simpler and more connected experiences, it is crucial that we provide solutions that best address their needs. An important part of this is supporting payments in real time, delivering a truly frictionless payment journey.”
“Our collaboration with Nuvei in Europe is already helping its customers realize the benefits of fast and secure digital payout capabilities via Visa Direct,” said Ruben Salazar, SVP and global head of Visa Direct. “We are excited to partner with Nuvei in the U.S. so their clients can use Visa Direct to help them digitize paper-based, inefficient processes.”
About Nuvei
We are Nuvei (Nasdaq and TSX: NVEI), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
[1] Visa Direct capability enabled through Nuvei’s financial institution partners.
[2] Actual fund availability depends on receiving financial institution and region.
Subordinate voting shares to start trading on Nasdaq
Montréal, October 5, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the pricing of its upsized marketed offering of 3,000,000 subordinate voting shares of the Company in the United States and Canada, representing Nuvei’s initial public offering in the United States (the “Offering”).
The Underwriters (as defined below) have agreed to purchase, at a price of US$123.14 per subordinate voting share, an aggregate of 3,000,000 subordinate voting shares offered by the Company, for gross proceeds to the Company of US$369,420,000.00. The Offering is expected to close on October 8, 2021, subject to a number of customary conditions, including the entering into of the definitive underwriting agreement, the listing of the subordinate voting shares issued by the Company as part of the Offering on the Nasdaq and the TSX, and any required approvals of the Nasdaq and the TSX.
Nuvei’s subordinate voting shares are scheduled to start trading on October 6, 2021 on Nasdaq Global Select Market (the “Nasdaq”) under the symbol “NVEI”. Nuvei applied to voluntary delist, conditional upon closing of the Offering, its “NVEI.U” US dollar listing on the Toronto Stock Exchange (the “TSX”). It is expected that the delisting will be effective after markets close on or about October 13, 2021. Nuvei’s subordinate voting shares will continue to trade on the TSX in Canadian dollars under the symbol “NVEI”.
Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets are acting as bookrunners for the Offering and Raymond James Ltd., Canaccord Genuity Corp., Cowen and Company, LLC, Keefe, Bruyette & Woods, A Stifel Company, William Blair, National Bank Financial Inc., CIBC Capital Markets and Scotiabank are also acting as underwriters for the Offering (collectively, the “Underwriters”).
Nuvei expects to use the net proceeds from the Offering primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies.
Nuvei has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments, if any.
In connection with the Offering, Nuvei has filed a preliminary prospectus supplement and will file a final prospectus supplement to its amended and restated short form base shelf prospectus dated May 20, 2021. The preliminary prospectus supplement was filed, and the final supplement will be filed, with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (the “SEC”) as part of a registration statement on Form F-10, as it may be amended from time to time, under the U.S./Canada multijurisdictional disclosure system.
The Offering is being made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the Offering. A copy of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement, when available, may also be obtained from any of the following sources: Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282-2198, Attention: Prospectus Department (866-471-2526); Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: 1-800-221-1037 or by email at usa.prospectus@credit-suisse.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; in the United States from BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd St, New York, NY 10036, or by telephone at 1-800-414-3627 or by email at bmoprospectus@bmo.com and in Canada from BMO Capital Markets, Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, or by telephone at 1-905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca; and in the United States from RBC Capital Markets LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, phone: 877-822-4089, Email: equityprospectus@rbccm.com and in Canada from RBC Dominion Securities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, Attention: Distribution Centre, or via telephone: 1-416-842-5349, or via email at Distribution.RBCDS@rbccm.com. Prospective investors should read the prospectus supplements and registration statement before making an investment decision.
No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Offering and its terms, the use of proceeds of the Offering, the listing of Nuvei’s shares on the Nasdaq, the closing of the Offering and the proposed delisting of Nuvei’s subordinate voting shares trading on the TSX in U.S. dollars under the symbol “NVEI.U”. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” sections of the Company’s annual information form filed on March 17, 2021, the preliminary prospectus supplement filed on October 4, 2021 and the (final) prospectus supplement dated October 5, 2021, when available. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Innovative Daily Fantasy Sports platform will use Nuvei’s Cashier to power its payments for growing customer base
MONTREAL and ATLANTA, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced a partnership with PrizePicks, the largest independently owned Daily Fantasy Sports (DFS) platform in North America. The collaboration will enable PrizePicks to better address the evolving needs of their DFS customers.
Headquartered in Atlanta, Georgia, PrizePicks is a Daily Fantasy Sports platform that simplifies the concept. Customers use their skills to predict if their selected player will perform above or below their projected fantasy points (i.e., “over/under”), as opposed to beating large amounts of other players in a contest.
PrizePicks’ business model revolves around simplicity, and that philosophy carries over into payments, making it easy for players to both deposit and receive winnings by providing a user experience that is flawless in terms of flow and functionality. Choosing Nuvei as their payment partner was the natural strategic decision for future growth.
PrizePicks will utilize Cashier, Nuvei’s feature-rich hosted payment page to provide a frictionless payment experience for its online customers and deliver seamless deposits and payouts, while maintaining compliance with local regulations. Additionally, PrizePicks will benefits from Nuvei’s smart and sophisticated tools and features that optimize payments by significantly increasing acceptance rates, minimizing abandonments, and diminishing fraud.
The Company’s optimization features include smart traffic routing via multiple acquirers, and acceptance of numerous and localized payment methods for fast deposits and payouts—including cards, digital wallets, bank transfers and ACH. Declined transactions will trigger an automated recovery function that will provide the player with other payment options and a second chance for approval.
“Companies working in complex markets are seeking technology partners with proven track records and business intelligence to ensure their rapid expansion,” said Philip Fayer, Nuvei’s Chair and CEO. “We are confident that PrizePicks will demonstrate significant progress in the upcoming quarters as they leverage our platform to drive agile and scalable growth.”
Nuvei’s proprietary platform is designed to handle high volumes of transactions reliably and securely, while maintaining utmost regulatory compliance. The Company has extensive experience in tackling the unique challenges iGaming operators face. Nuvei’s client portfolio includes leading iGaming operators in Europe as well as in the rapidly growing U.S. market.
“As our customer base continues to expand, so does the need for elegant solutions when it comes to fulfillment. As more U.S. states legalize sports betting, we are accelerating our expansion plans,” said PrizePicks CEO Adam Wexler. “Nuvei’s vast expertise in iGaming payments, along with their Cashier technology, is exactly what we need to keep the player experience for our customers seamless and enjoyable.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Limonetik will leverage Nuvei’s European acquiring services and plans to incorporate international acquiring as part of its global expansion
MONTREAL and PARIS, September 30, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today an agreement with Limonetik, a global leader in payment and marketplace solutions. The move will enable Limonetik to enhance its marketplace payment services offering in Europe, as the company looks to embark on its international expansion strategy.
Through this collaboration, Limonetik will leverage Nuvei’s European acquiring services and plans to incorporate international acquiring as part of its global expansion. This enables its wide portfolio of marketplace platform clients to accept an even broader range of payments, while taking advantage of Nuvei’s powerful authorization optimization features to enhance acceptance rates.
Limonetik’s marketplace clients will benefit from Nuvei’s single integration payment facilitation model. This will provide vendors selling on the marketplaces with simple to use and end-to-end payment services in the EU and the UK, with an expansion to the U.S. in the future. This will create a better and more frictionless user experience for buyers and vendors.
Limonetik, one of the earliest developers of marketplace payment solutions, addresses the increasingly complex payment requirements for multichannel retailers, marketplaces, gig and shared economy platforms. The company has done this through its modular approach to building solutions for their clients, with interchangeable components dependent on their clients’ needs.
“Limonetik and Nuvei share the same dedication to providing innovative solutions that ensure customer satisfaction,” said Philip Fayer, Nuvei’s Chair and CEO. “Nuvei is well-positioned to address the complex payment requirements for merchants in the rapidly growing marketplace space. Our ultimate goal is to offer the best possible payment solutions for their unique needs.”
“The real winners in our association with Nuvei will be the end customers,” said Christophe Bourbier, CEO and co-founder of Limonetik. “By enabling marketplaces with easy and relevant payment solutions, we help to facilitate a broad choice of products and services available to consumers via a range of platforms, to simplify their payment journey. This ultimately leads to happier consumers around the globe, and further growth and success for both Nuvei and Limonetik.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Limonetik is driving the transformation into the new world of payment for merchants and marketplaces. Limonetik’s payments method platform supports over 285 local and alternative payment methods, such as mobile wallets, payment by instalments, and gift cards, in 70 countries. With its end-to-end service, as well as custom solutions, and alongside their network partners, Limonetik’s solution eases the complexity of settlements and compliance for businesses. The company is headquartered in Paris, with 50 people and is trusted by over 14,000 merchants, marketplaces and fintech players. In July 2021, Thunes announced the acquisition of Limonetik, to complement the existing Thunes Cross-Border Payments solutions. The new solution will be known as Thunes Collections.
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Nuvei applies to list its subordinate voting shares on the Nasdaq
Montréal, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the launch of a marketed offering of 1,500,000 subordinate voting shares of the Company in the United States and Canada, representing Nuvei’s initial public offering in the United States (the “Offering”).
In connection with the Offering, Nuvei has applied to list its subordinate voting shares on Nasdaq Global Select Market (the “Nasdaq”) under the symbol “NVEI”. Trading in Nuvei’s subordinate voting shares is expected to commence on the Nasdaq following the pricing of the Offering. Assuming the completion of the Offering, Nuvei expects to apply to have its subordinate voting shares trading on the Toronto Stock Exchange (the “TSX”) in U.S. dollars under the symbol “NVEI.U” delisted on the second day following the closing of the Offering. Nuvei’s subordinate voting shares will continue to trade on the TSX in Canadian dollars under the symbol “NVEI”.
Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets will act as bookrunners for a syndicate of underwriters (collectively, the “Underwriters”). The Offering will be priced in the context of the market; the issue price per subordinate voting share and size of the Offering will be determined when Nuvei enters into an underwriting agreement for the Offering.
Nuvei expects to use the net proceeds from the Offering primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies. Closing of the Offering will be subject to a number of customary conditions, including the entering into of a definitive underwriting agreement, the listing of the subordinate voting shares issued by the Company on the Nasdaq and the TSX, and any required approvals of the Nasdaq and the TSX.
Nuvei has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments, if any.
In connection with the Offering, Nuvei has filed a preliminary prospectus supplement to its amended and restated short form base shelf prospectus dated May 20, 2021. The preliminary prospectus supplement was filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (the “SEC”) as part of a registration statement on Form F-10 under the U.S./Canada multijurisdictional disclosure system.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective.
The Offering will be made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the Offering. A copy of the preliminary prospectus supplement and of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement, when available, may also be obtained from any of the following sources: Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282-2198, Attention: Prospectus Department (866-471-2526); Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: 1-800-221-1037 or by email at usa.prospectus@credit-suisse.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; in the United States from BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd St, New York, NY 10036, or by telephone at 1-800-414-3627 or by email at bmoprospectus@bmo.com and in Canada from BMO Capital Markets, Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, or by telephone at 1-905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca; and in the United States from RBC Capital Markets LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, phone: 877-822-4089, Email: equityprospectus@rbccm.com and in Canada from RBC Dominion Securities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, Attention: Distribution Centre, or via telephone: 1-416-842-5349, or via email at Distribution.RBCDS@rbccm.com. Prospective investors should read the prospectus supplements and registration statement before making an investment decision.
No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Offering and its terms, the use of proceeds of the Offering, the listing of Nuvei’s shares on the Nasdaq and the proposed delisting of Nuvei’s subordinate voting shares trading on the TSX in U.S. dollars under the symbol “NVEI.U”. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” sections of the Company’s annual information form filed on March 17, 2021 and the preliminary prospectus supplement filed on October 4, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Holland Casino has chosen Nuvei to power the launch of the first online casino in the Netherlands
MONTREAL and AMSTERDAM, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that Holland Casino has chosen Nuvei to power the launch of the first online casino in the Netherlands. The Company will provide custom solutions for player acquisition, verification, and payment provided through one integration. The casino is owned by the state of the Netherlands and selected Nuvei due to its extensive experience with leading iGaming operators internationally, its track record in supporting businesses in complex markets outside of EU legislations, and its unrivalled experience in fraud prevention and anti-money laundering.
Holland Casino operates 14 sites across the country, and launching of its online presence is made possible by the implementation of the Remote Gambling Act in the Netherlands on April 1, 2021. Analysts predict iGaming in the Netherlands to be one of the most explosive growth markets in the world, with a report by Online Casino Ground foreseeing the new online gambling market as “set to become one of Europe’s biggest.” This is backed up by a recent report by the Dutch Gaming Authority demonstrating that in 2024, the Dutch market can expect a gross gaming revenue of approximately €800 million.
Holland Casino will offer sports betting, online casino, live casino, poker, and in the near future bingo products to its players. Supporting this will be Nuvei’s custom solutions for player verification and authentication algorithms and mechanisms that create frictionless compliance with the stringent player regulations in place in the region. Nuvei will also provide a seamless payment experience through its Cashier, enabling smooth deposits and withdrawals while complying with the Netherlands’ rigorous anti-money laundering laws and the EU’s revised strong customer authentication (SCA) requirements as part of the Payment Services Directive (PSD2). Nuvei is an iDEAL acquiring partner – an ecommerce payment system of choice in the Netherlands – which will be one of many payment methods available to Holland Casino players, giving them the choice to pay with their preferred method.
“Nuvei was a clear choice for us,” said Jeroen Verkroost, Digital Transformation Director of Holland Casino. “Their team’s track record in supporting businesses in new and complex markets with regulatory considerations is unparalleled. Particularly important for us was their experience in the iGaming sector with a nuanced understanding of fraud prevention and anti-money laundering capabilities. We have been impressed by the single-integration setup of the system and the speed of their delivery.”
“The team and I are excited to be a part of the Netherlands’ first casino with an online presence,” said Philip Fayer, Nuvei’s Chair and CEO. “The partnership also marks our first entrance into online gaming in the country, and we’re thrilled to be doing it with such an industry leading brand. The regulatory ecosystem is both complex and robust, and our team has the expertise, technical know-how, and experience to navigate it without compromising on the user experience for Holland Casino players.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Holland Casino offers its guests the enjoyment of safe and responsible gaming and an exceptional experience. We offer a unique and inviting combination of high-level gaming, entertainment and hospitality. Every year, some six million guests visit our fourteen casinos spread across the Netherlands. Holland Casino was founded almost 45 years ago, to meet a societal need for legal gaming as an attractive and reliable alternative for illegal gaming. You can see this social role in everything we do, and in who we are: engaged, reliable, surprising and friendly.
Nuvei has recently announced a number of high-profile U.S. iGaming partnerships, including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and now gaming giant BetMGM
MONTREAL, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has recently announced a number of high-profile U.S. iGaming partnerships, including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and now gaming giant BetMGM.
As well as connections to the wider range of gaming platforms, since launching in the region last year, these operators have chosen Nuvei to provide a seamless payment experience to their millions of players in the region. Nuvei has been selected time and again due to its deep roots with leading iGaming operators internationally, as well as its extensive capabilities and knowledge in the rapidly growing U.S. market.
Since entering the U.S. market at the end of 2020, some of the biggest operators in American iGaming have selected Nuvei to accelerate their growth plans, reduce complexity, and introduce payment innovations to millions of American players. Nuvei’s innovative and compliant technology is licensed in all regulated U.S. states and will support operators’ expansion across any regulated jurisdiction.
American operators can now leverage Nuvei’s advanced technology to ensure high transaction success rates. Via smart routing, each transaction is directed with the greatest chance of approval. The Company’s clients can benefit from its extensive portfolio of relevant payment methods, including cards, ACH and alternative payments. What’s more, gaming operators can utilize a variety of other payment services offered by Nuvei, including payment orchestration, gateway, instant deposits and a full range of real-time withdrawals among card, ACH and digital wallets, along with net deposits. The aim is to enable a faster, more secure and convenient payment experience for all players.
“Our number of recent U.S. iGaming partnerships, including Sports Illustrated, BetMGM and Carousel Group, further underpins our expertise and technological capabilities in the iGaming industry,” said Philip Fayer, Nuvei’s Chair and CEO. “Our prominent position in the iGaming and sports betting industry is the result of our ongoing commitment to providing the best technology to our clients and provide the best service to their customers. These partnerships reinforce our ambition to continue to strengthen our presence and influence in the U.S. iGaming market.”
Nuvei’s Cashier, for instance, simplifies how sports betting operators process payments and facilitates entry into new regulated markets via its integrated compliance technology. American operators can also choose from an array of additional services offered by Nuvei à la carte, including real-time fraud detection, risk management and instant payouts.
Nuvei continues to solidify its position as the payment technology partner of choice for fantasy sports, iGaming and sports betting brands across the U.S., in approved and regulated states.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei announces the appointments of Max Attias as Group Chief Technology Officer, fintech industry veteran Guillaume Conteville as Chief Marketing Officer and transformational human resources leader Nikki Zinman as Chief People Officer
MONTREAL, October 1, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the appointments of Max Attias as Group Chief Technology Officer, fintech industry veteran Guillaume Conteville as Chief Marketing Officer and transformational human resources leader Nikki Zinman as Chief People Officer.
Attias is promoted from Nuvei’s Chief Operating Officer to Group CTO, where he will assume the overall responsibility for the Company’s global information technology infrastructure. He has been in IT leadership positions for over 20 years and has a demonstrated history in the financial services industry. Deeply skilled in IT management and having strong operational capabilities, Attias will further accelerate Nuvei’s technological innovation on a global scale.
Attias takes over from Keith Birdsong, who is retiring effective October 1, 2021, after serving as Nuvei’s CTO for over 11 years. Under his guidance, Birdsong led the company’s technology teams through countless product innovations, and numerous high-profile integrations, implementations and acquisitions.
Conteville has joined Nuvei as Chief Marketing Officer where he will focus on expanding the Company’s brand awareness to further stimulate growth. He has over 15 years of direct marketing-related experience in the payments industry, including spending 11 years at Mastercard, most recently as their Senior Vice President, Global Head of Digital Marketing. Prior to Mastercard, Conteville has also worked on the agency side as account lead for marquee financial services clients including Visa, Citibank, and Saxo Bank, leading digital media efforts internationally.
As Nuvei’s Chief People Officer, Zinman will develop and lead the execution of the Company’s human resources strategy, supporting global corporate plans and business objectives. She brings over 15 years of experience building and supporting high performance teams in entrepreneurial, mid-size and large corporate environments focused on technology and financial services. Zinman joins Nuvei from Pearson, a global learning company with more than 20,000 employees operating in nearly 200 countries, where she served as a member of the executive team as Senior Vice President, Human Resources. She has supported the HR function in various multinational technology powerhouses, including Dell and Oracle.
“I am thrilled to announce our new executive level appointments, further bolstering our line-up of talented c-suite veterans,” said Philip Fayer, Nuvei’s Chair and CEO. “I would like to thank Keith for his illustrious tenure as Nuvei’s CTO. Max is a proven technology executive and we’re excited to have him expand his leadership role. Guillaume’s significant track record in both strategic and creative marketing programs will be a boon to our brand awareness initiatives. And we’re very much looking forward to Nikki driving our people strategy, fostering our culture in which our global teams will continue to thrive.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
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PR@nuvei.com
Nuvei's platform will power payments for SI Sportsbook, the newly launched online sports betting and iGaming operation in the United States, formed by a partnership of the iconic Sports Illustrated brand and powerful technology of 888 Holdings
MONTREAL and DENVER, September 22, 2021 – Nuvei Corporation (TSX: NVEI and NVEI.U) announced today that it has partnered with 888 Holdings Plc (LSE: 888) (“888”), one of the world’s leading online betting and gaming companies, to provide its Instant Bank Transfer payment solution to the newly launched SI Sportsbook, Sports Illustrated’s first venture into online sports betting and iGaming in the United States.
888 partnered with Authentic Brands Group (“ABG”), the owner of the Sports Illustrated (“SI”) brand, to launch SI Sportsbook, a sports betting platform that integrates with the sports news, analysis, and betting information of SI. Nuvei’s Instant Bank Transfer technology will be powering consumer deposits on the platform, providing seamless, real-time bank account funding. With an initial debut in Colorado, SI Sportsbook is expected to launch in Indiana, Iowa and New Jersey at a later date, with further states to follow in the coming years.
SI Sportsbook consumers will now have access to approximately 11,000 financial institutions in the United States through Nuvei’s platform integration with Plaid. Consumer transactions are fully authenticated through Plaid’s user-initiated bank account verification and undergo sophisticated risk management checks by Nuvei. Nuvei’s proprietary platform also adds conversion-boosting features including one-click deposits for returning players.
“Providing customers with the most convenient, secure, and fast payment experience is at the core of what Nuvei does,” said Philip Fayer, Nuvei’s Chair and CEO. “We are excited to partner with 888 to provide an iconic brand such as Sports Illustrated the ability to launch strong into the U.S. sports betting and iGaming market, improving its player acquisition strategy through our best-in-class user experience, state-of-the-art risk management and instant payments.”
“Following the announcement of our strategic partnership with Sports Illustrated, we are thrilled to offer Nuvei’s innovative services to sportsbook fans,” said Yaniv Sherman, SVP Head of US at 888. “With high-growth opportunities across the U.S., it’s important for us to deliver a first-class betting and gaming experience which includes a diverse suite of payment options. Partnering with Nuvei enables us to enhance the player experience and further the position of SI Sportsbook as a cutting-edge platform in the market.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
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PR@nuvei.com
888 Holdings plc (and together with its subsidiaries, “888” or the “Group“) is one of the world’s leading online betting and gaming companies. 888’s mission is to develop state-of-the-art technology and products that provide fun, fair and safe digital gambling products to players globally. Safer gambling is a core focus for the Group and, at the beginning of 2020, 888 launched its ‘Safer. Better. Together’ safer gambling strategy and commitments.
888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to provide players and B2B partners an innovative and world-class online gaming experience.
In 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as the winner in the Casino Operator of the Year category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.
The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.
888’s consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888’s strong and trusted brands are all accessible through www.888.com.
Find out more about 888 at https://corporate.888.com/.
Sports Illustrated (SI) is an unparalleled and influential leader recognized for shaping modern culture and uniting athletes, teams, and fans worldwide. SI’s award-winning media enterprise brings powerful storytelling to life across platforms ranging from Emmy-winning video to the monthly print magazine with a 60-year heritage. Get in-depth features, probing profiles, and iconic and beloved photography from top sportswriters in the game at SI.com. Sports Illustrated also shares its unique and authentic perspective year-round through marquee events, immersive activations, long-form television, film, and audio content as well as select lifestyle products. Brand extensions include Sports Illustrated Swimsuit, which continues to set the cultural tone and evoke discussion about what defines beauty on a global scale, and Sports Illustrated Kids, a destination that connects kids ages eight and up through their passion for sports.
Players can now authenticate their bank account on withdrawals using Plaid, making instant withdrawals available to net new consumers
MONTREAL, September 23, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced another enhancement to its suite of payout solutions, this time for U.S. regulated online sports betting and iGaming markets. Consumers can now verify their bank account through Plaid on withdrawals–not only deposits. The Company’s new Verified Withdrawals product gives all players the advantage of instant withdrawals, regardless of what method they used to deposit the funds.
Verified, instant withdrawals offer an enhanced user experience and are available to operators through Nuvei’s Instant Bank Transfer technology. The Company was the first in the North American market to offer real-time payments in sports wagering and iGaming through its acquisition of Mazooma in August.
Through one partnership and integration, gaming operators benefit from simple, flexible and secure payout options, with the ability to fund consumers’ payment cards, eWallets and bank accounts instantly and seamlessly. Nuvei’s robust suite of payout options now include real time payments (RTP) for accelerated withdrawals, ACH payments, account to account transfers, and Mastercard Send, all enabling rapid disbursement of winnings for higher player satisfaction and greater retention.
“Consumers value choice. With our enhanced suite of payout options that now includes Verified Withdrawals, even if a player deposits using another payment method, they can still enjoy the best withdrawal experience and receive their winnings in their bank account within seconds,” said Philip Fayer, Nuvei’s Chair and CEO. “Our goal is to offer the best payment experience in the industry, delivering a seamless customer journey from deposit to withdrawal, through one single integrated platform.”
Verified Withdrawals’ functionality automatically matches players to their bank account information, reducing manual reconciliation, and saves operators both time and money. Plus, the bank account verification with Know Your Customer (KYC) checks happens before the withdrawal payment, giving operators the flexibility to review transactions for best risk management practices.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals
MONTREAL, September 1, 2021 – Nuvei Corporation (“Nuvei” and “the Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the completion of the previously announced acquisition of SimplexCC Ltd. (“Simplex”).
Simplex, through its proprietary fraud and risk management tools which are backed by proven artificial intelligence (AI) technology, is a leading fiat-cryptocurrency gateway connecting market participants, including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell (i.e. on-ramp/off-ramp capabilities) digital assets including 45+ cryptocurrencies, non-fungible tokens (“NFTs”), and currently supports over 50 fiat currencies. Simplex provides fraudless payment acceptance to its customers, resulting in higher conversion rates and better liquidity simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance (DeFi) providers. Importantly, Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals, similarly introducing all of Nuvei’s product solutions and capabilities to Simplex’s customers.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Paymentez provides a breadth of payment solutions to merchants and financial institutions throughout Latin America
MONTREAL, September 7, 2021 – Nuvei Corporation (“Nuvei” and “the Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the acquisition of Paymentez LLC (“Paymentez”), a leading payment solution provider in Latin America.
Founded in 2011, Paymentez provides a breadth of payment solutions to merchants and financial institutions, including gateway, white-labeling, card acquiring and prepaid card options. Paymentez supports high-growth eCommerce verticals including online games, delivery platforms, mobility, transportation, sports, as well as other segments throughout Latin America.
Paymentez provides direct connectivity in eleven countries with local acquiring in nine countries (Mexico, Ecuador, Venezuela, Colombia, Brazil, Peru, Argentina, Uruguay and Chile), supports more than 80 local and alternative payment methods, including bank transfer, wallets, instant payment networks and the most relevant cash networks to provide a comprehensive local payment platform for more than 4,000 merchants in the region.
Customers include Rappi, one of the region’s fastest growing consumer technology companies specializing in online delivery services; DirecTV, an American direct broadcast satellite service provider; General Motors, the automotive multinational corporation; amongst many others. Paymentez also offers its platform as a service to acquirers and banks, such as Redeban, Davivienda and others, helping them to serve their customers looking for a platform to process online payments, eliminating the complexity and improving their competitiveness.
With offices in Sao Paulo, Buenos Aires, Bogota, Guayaquil and Mexico City, Paymentez currently has 46 employees and is growing rapidly. As part of the acquisition, Paymentez CEO and cofounder, Juan F. Franco joins Nuvei as General Manager, Latin America (LATAM), responsible for leading the Company’s commercial and operational expansion in the region.
“Paymentez further increases our total addressable market by significantly expanding and strengthening our presence in Latin America, along with enhancing our regional processing capabilities, enabling us to support even more local payment methods,” said Philip Fayer, Nuvei’s Chair and CEO. “Online commerce in Latin America is growing at an unprecedented rate, representing one of the fastest growing markets in the world. The acquisition ensures that we’re well positioned with the technology and expertise for the market to service new customers as well as broaden our capabilities and deepen our relationships with our existing global customers.”
“I am excited about the next chapter for Paymentez. Our presence, experience, connectivity and knowledge in Latin America, combined with the technology, explosive growth and leadership of Nuvei creates a leading payment platform in the region. Our customers will have a world class platform with the best connectivity and support in the Region. The future is very exciting,” said Juan F. Franco, newly appointed General Manager, LATAM for Nuvei.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei enables payments for Carousel Group’s SportsBetting.com web and mobile app, and will support future U.S. expansion initiatives
MONTREAL and DENVER, August 17, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announces an agreement with Carousel Group, a rapidly-growing privately-held licensed sports betting and casino operator. Through the agreement, Nuvei is powering payment transactions for Carousel Group’s flagship brand, SportsBetting.com. Launching initially in Colorado, the Company will support Carousel Group’s expansion across the U.S., as it plans to make its online sportsbook available in additional regulated markets, including Iowa, Indiana and New Jersey.
SportsBetting.com integrates Nuvei’s payment technology, benefiting from built-in compliance and fraud prevention, one-click payments, and real-time user payouts. Nuvei’s wide-ranging alternative payment methods (APMs) and support for multiple bank sponsors offers even greater payment processing flexibility. Nuvei will also provide the required expertise and innovative payment solutions for the upcoming launch of MaximBet, a strategic partnership between Carousel Group and media brand Maxim, offering a multi-platform online destination for sports and casino fans.
“We are excited to be providing Carousel Group with secure and reliable payments as we continue to grow our footprint into U.S. iGaming and sports betting. As our first pilot merchant in the U.S. regulated gaming space, we worked together closely shortly after having received state vendor approval last summer to successfully launch into the Colorado market,” said Philip Fayer, Nuvei’s Chair and CEO. “Since then, not only have we expanded our payment capabilities and portfolio of APMs, but through our recent acquisition of Mazooma, we are adding exclusive product functionality, vendor registration and infrastructure to address operator requirements in any regulated U.S. state.”
“We are always looking to provide the best customer experience for our users, so partnering with Nuvei as our payment technology provider enables us to enhance the experience on our Sportsbetting.com platform, further helping position Carousel Group and our brands as leaders within the gaming industry,” said Phillip Wilson, Chief Operating Officer of Carousel Group. “Having a diverse set of payment methods is critical for success in the booming regulated U.S. market and Nuvei’s technology allows us to integrate all the key providers.”
Nuvei’s Cashier simplifies how sports betting operators process payments and facilitates entry into new regulated markets via its proprietary compliance technology. Carousel Group can now choose from an array of additional services offered by Nuvei à la carte, including real-time fraud detection, risk management and instant payouts. Through a single integrated platform, Nuvei aims to maximize Carousel Group’s revenue, while creating a seamless payment journey for players on SportsBetting.com and beyond.
Nuvei continues its push as the payment technology partner of choice for regulated iGaming and sports betting brands across the U.S.
About Carousel Group
Carousel Group (www.carouselgroup.net) is a rapidly growing holding company, established in 2017, with the mission to build a global sports betting and iGaming empire in the regulated online gambling space. Formed by top executives with more than 100 years of collective experience in the gaming industry, Carousel Group utilizes proprietary technology to offer sharp odds, high limits and a customer-first experience. The company’s core values are to grow investment capital, provide job security and long-term careers for its employees while also creating a positive impact on the industry by respecting and nurturing regulation, promoting responsible gaming and practicing corporate social responsibilities. This summer, Carousel Group will launch MaximBet, offering a multi-platform destination that aims to enhance the online gaming experience for fans across sports and casino.
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Carousel Group’s sports betting operations and expansion into additional markets. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Contact:
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei Corporation (TSX: NVEI and NVEI.U), today reported its financial results for the second quarter ended June 30, 2021
MONTREAL, August 10, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today reported its financial results for the second quarter ended June 30, 2021.
“Our revenue and Adjusted EBITDA(1) results for the second quarter of 2021 exceeded the financial outlook previously provided, underscoring the strength and momentum in our business,” said Philip Fayer, Nuvei’s Chair and CEO. “We achieved total volume(2), revenue, and Adjusted EBITDA(1) growth of 146%, 114%, and 112%, respectively, over the second quarter of 2020, as we continue advancing our strategic initiatives, expanding global connectivity and market opportunity, delivering full-stack leading edge payment technology solutions to help our merchants connect with their customers by making the world a local marketplace. Our accelerated investments in product, innovation, distribution and talent are driving performance and laying the foundation for sustainable growth. We are proud of our results and are consequently raising our financial outlook for the full year 2021 and providing medium and long-term growth targets.”
For the three months ending September 30, 2021 and the year ending December 31, 2021, Nuvei anticipates total volume(2), revenue and Adjusted EBITDA(1) to be in the ranges below. Considering the strong performance during the three months ended June 30, 2021, where Nuvei exceeded the previously anticipated revenue and Adjusted EBITDA(1) outlook, as well as continuing momentum in the business, management is raising the financial outlook for the year ending December 31, 2021. The updated financial outlook and specifically the Adjusted EBITDA(1) reflects the Company’s strategy to accelerate its investment in distribution, marketing, innovation, technology as well as the infrastructure resulting from the recent acquisition of Mazooma. The Company expects these investments will support its growth plan.
The financial outlook is fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release, and does not include the pending acquisition of Simplex.
(1) Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income are non-IFRS measures. See “Non-IFRS Measures”.
(2) Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(3) “Medium-term” and “long term” have not been defined by Nuvei nor does Nuvei intend to define them. These targets should not be considered as projections, forecasts or expected results but rather goals that may result from the execution of our strategy. These growth targets are fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release.
Consistent with its growth strategy, Nuvei has filed an application with Nasdaq to list its subordinate voting shares. The listing application remains subject to satisfaction of all applicable listing and regulatory requirements as well as the approval of Nasdaq, and there is no certainty as to the timing of any listing or that the listing will take place. Nuvei will continue to be listed on the Toronto Stock Exchange. See “Forward-looking information”.
Nuvei will host a conference call to discuss its second quarter 2021 financial results today August 10, 2021 at 8:30 am ET. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13721533. The replay will be available through Tuesday, August 24, 2021.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company’s management believes Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s (a) objective to expand headcount by approximately 200 employees globally across the organization by year end 2021, (b) expectation to complete the acquisition of Simplex in the second half of 2021, (c) intention to explore a listing in the United States on Nasdaq, (d) outlook on total volume, revenue and Adjusted EBITDA for the three months ending September 30, 2021 and the year ending December 31, 2021 as well as medium and long-term targets on total volume, revenue and Adjusted EBITDA margin. Nuvei’s outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no changes in legislative or regulatory matters that negatively impact Nuvei’s business, and (i) current tax laws will remain in effect and will not be materially changed. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
(in thousands of U.S. dollars except for share and per share amounts)
(In thousands of U.S. dollars)
(a) These expenses relate to:
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020).
(iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses.
(b) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
(c) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
(d) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows.
(e) Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contracts.
(In thousands of U.S. dollars except for per share amounts)
(a) This line item represents change in redemption value related to shares classified as liabilities prior to the Company’s initial public offering (“IPO”). As part of the IPO, such shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs.
(b) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017.
(c) These expenses relate to:
(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses.
(ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
(iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020).
(iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses.
(d) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
(e) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
(f) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
(g) Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.
(h) Adjusted net income per diluted share is calculated using share-based awards outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time.
The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section
MONTREAL, August 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced that the Company will be participating in the following virtual investor conferences:
The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section.
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Contact:
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Source: Nuvei
By integrating with the Alipay+ solution, Nuvei is making cross-border payments easier for merchants to tap into more than 1.2 billion e-wallet users
MONTREAL and HANGZHOU, China, July 29, 2021 – Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Alipay, the world’s leading digital payment platform operated by Ant Group, today announced a partnership that will connect Nuvei’s merchants with over 1.2 billion potential customers in the Asia Pacific region through the Alipay+ cross-border payment and merchant marketing solution. This includes access to a network of Asia’s leading local e-wallets.
Beginning in early 2020, Alipay started offering its partners a cross-border payment and merchant marketing solution, making it easy for businesses to accept different payment methods and conduct cost-effective digital marketing campaigns. The solution also makes it more convenient for users of Asia’s leading e-wallet service providers, including Alipay (Chinese mainland), AlipayHK (Hong Kong S.A.R.), Kakao Pay (Republic of Korea), GCash (the Philippines), TrueMoney (Thailand), DANA (Indonesia), and Touch ‘n Go (Malaysia) to transact easily with more businesses. In China, Alipay alone connects over 80 million businesses with more than one billion users.
Alipay and Nuvei are currently integrated for online purchases via hosted payment page or API, and its point-of-sale app for in-store purchases using a QR code. The adoption of the Alipay+ solution propels Nuvei to another level of global reach, further expanding its significant portfolio of payment methods. This enables Nuvei’s clients to seamlessly market to the Alipay+ network of e-wallet holders through a single API connection. Merchants will be able to accept one-time and recurring payments from Asia’s leading local e-wallet holders in the currency relevant to that payment method.
“We aim to consistently provide the most relevant payment options that open up more global commerce possibilities, expand our clients’ potential customer base and drive new revenue streams. Our partnership with Alipay is yet another testament to this goal,” said Philip Fayer, Nuvei’s Chair and CEO. “The APAC region is an economic powerhouse and very attractive to growth-minded businesses. We’re delighted to empower merchants to better market to this region while making the purchase experience as seamless as possible.”
“Alipay has always believed in global partnerships, supporting service providers to better serve their clients and unlock growth opportunities so that it becomes easier for merchants to do business anywhere,” said Yulei Wang, General Manager of Global Merchant Partnerships at Alipay. “With Nuvei’s integration into the Alipay+ solution, we look forward to enabling Nuvei to attract more Asian customers to its merchant network.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Alipay is the leading digital payment platform in China, serving hundreds of millions of users, and connecting them with merchants and partner financial institutions that offer inclusive financial services and digital daily life services such as food delivery, transport, entertainment, and healthcare.
Investor Relations IR@nuvei.com
Public Relations PR@nuvei.com
Chenni Xu chenni.xu@antgroup.com
The acquisition enhances and expands Nuvei’s portfolio of North American payment options
MONTREAL, August 3, 2021 – Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the completion of the previously announced acquisition of Mazooma Technical Services Inc. (“Mazooma”).
The acquisition enhances and expands Nuvei’s portfolio of North American payment options with instant bank-to-bank payments for pay-ins and payouts and real time payments (“RTP”) for accelerated withdrawals, allowing customers to receive payouts immediately into their bank accounts 24/7/365.
While originally developed for the U.S. online gaming and sports betting market, Nuvei will offer this increasingly accepted and popular payment method to its merchants across all verticals.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
The technology providers will enable mobile-centric payment services in the fast-food giant’s branches throughout Spain
MONTREAL and LONDON, July 15, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Judopay, a leading mobile-centric technology provider, have announced that they will enable mobile payments for customers in KFC restaurants throughout Spain.
As the world economy continues to move online, KFC is shifting its strategy to focus more on optimizing its customers’ digital experience. The partnership with Nuvei and Judopay will allow KFC España to provide seamless mobile payments for its customers throughout its almost 150 branches in Spain.
“At KFC, we believe that the customer should be at the heart of all our decisions, and payments are a crucial part of the customer experience,” said Pablo Calavia, Chief Commercial Officer of Yum! Brands, representing KFC España. “That’s why we have partnered with Judopay and Nuvei. The innovative technology of these two leading payment providers will help us improve our omnichannel customer experience, supporting our strategy of being the leading quick-service restaurant in digital experience across Western Europe.”
“This partnership is about modernizing the digital payment experience of one of the world’s most recognizable brands as we move further into the online-focused economy of 2021,” said Jeremy Nicholds, Judopay’s CEO. “By using Judopay’s mobile payment solutions, customers of KFC España will benefit from seamless and touch-free payments. Nuvei’s acquiring services will allow us to optimize processing speed and transaction approvals at scale, further improving the KFC user experience.”
Nuvei will provide acquiring services for KFC España with its extensive network of acquirers throughout Europe and ability to easily onboard franchisees. To adapt to the franchise model of KFC España, Nuvei created bespoke documentation, pricing and sub-account management.
With this partnership, KFC España will benefit from optimized transaction approval rates and local processing costs, while its customers will enjoy effortless payment experiences across all payment channels.
“We are delighted that our close relationship with Judopay has facilitated KFC España’s expansion into the digital realm,” said Philip Fayer, Nuvei’s Chair and CEO. “We are proud to provide this famous brand with the benefits of our payment technology and network of local acquiring partners. On Nuvei’s part, this proves that our emphasis on flexibility and localized services pays dividends at any scale.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Judopay is the leading mobile centric payments platform. Born out of the frustration with friction-filled checkouts we built a flexible solution designed to drive sales and improve the customer experience. Working closely with partners such as Visa, Mastercard, Apple Pay, Google Pay and Discover, Judopay is continually working to enhance the overall payment experience for both the merchant and their customers. Available across multiple sectors, our solutions are used by KFC, Young’s Pubs, Revolution Bars, Itsu and the Boparan Group amongst many others.
For more information, visit www.judopay.com.
KFC Corporation, based in Louisville, Ky., is the world’s most popular chicken restaurant chain. KFC specializes in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders, Hot Wings®, KFC Famous Bowls®, Pot Pies, freshly hand prepared chicken sandwiches, biscuits and homestyle side items. There are more than 24,000 KFC restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM).
For more information, visit www.kfc.com. Follow KFC on Facebook (www.facebook.com/kfc), Twitter (www.twitter.com/kfc) and Instagram
(www.instagram.com/KFC).
Nuvei will release its second quarter 2021 financial results before market open on Tuesday, August 10, 2021
MONTREAL, July 28, 2021 – Nuvei Corporation (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it will release its second quarter 2021 financial results before market open on Tuesday, August 10, 2021. Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO.
The conference call will be webcast live from the Company’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section. A replay will be available on the investor relations website following the call.
The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13721533. The replay will be available through Tuesday, August 24, 2021.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com
Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei has signed an acquiring agreement with Discover® Global Network, the payment brand of Discover
MONTREAL, June 22, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that its wholly owned subsidiary has signed an acquiring agreement with Discover® Global Network, the payment brand of Discover.
Nuvei has secured the partnership at a critical time as the shift to eCommerce continues to surge, satisfying the demand for greater connections between online merchants and Discover Global Network. The enhanced card acceptance offering allows businesses to provide an improved online shopping experience that can help increase sales and attract more clients from across the globe.
The partnership provides Nuvei’s merchants with greater growth opportunities by allowing them to operate within the Discover Global Network, which includes Discover Card issued in the U.S., Diners Club International® cards issued in more than 55 countries, and cards from its network partner alliances in countries such as Turkey, India, South Korea and Brazil. This partnership enables Nuvei’s clients to benefit from higher transaction acceptance rates and greater worldwide reach. Merchants from all industries can enjoy the benefits, including online retail, travel, marketplaces, social gaming, iGaming and regulated financial services.
“Discover Global Network cardholders prefer to transact using their card of choice,” said Chris Winter, Vice President of Global Acceptance, Europe, Middle East and Africa at Discover. “A fintech leader such as Nuvei enables us to further drive growth throughout the digital payments ecosystem and provides our cardholders with the opportunity to purchase from more merchants across the globe in a seamless manner.”
“We are excited to be partnering with Discover Global Network, as we continue to strengthen our global acquiring capabilities and further improve the transaction experience for our merchants and their customers,” said Philip Fayer, Nuvei’s Chair and CEO. “We’re actively focusing on opportunities that provide innovative solutions for frictionless commerce, no matter how or where our clients operate around the world.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With supports for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Nuvei’s acquiring agreement with Discover Global Network. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Nuvei has announced today the closing of the previously announced secondary offering on a bought deal basis of an aggregate of 7,165,378 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share for total gross proceeds to the selling shareholders of approximately US$500 million (the “Offering”)
MONTREAL, June 7, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the closing of the previously announced secondary offering on a bought deal basis of an aggregate of 7,165,378 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share for total gross proceeds to the selling shareholders of approximately US$500 million (the “Offering”).
Goldman Sachs Canada Inc., Credit Suisse, National Bank Financial Inc. and Scotiabank acted as joint bookrunners for the Offering. BMO Capital Markets, Merrill Lynch Canada Inc., Citigroup Global Markets Canada Inc., RBC Capital Markets, Canaccord Genuity Corp., Raymond James Ltd. and Stifel Nicolaus Canada Inc. also acted as underwriters for the Offering (collectively, the “Underwriters”).
As part of the Offering, the selling shareholders (except the management shareholders) granted the Underwriters an option, exercisable, in whole or in part, at any time until July 7, 2021, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments.
No securities regulatory authority has either approved or disapproved the contents of this press release. The subordinate voting shares have not been and will not be registered under the U.S. Securities Act or any U.S. state securities law and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With supports for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com
The Amended and Restated Prospectus, among other things, increases the amount available under the Original Prospectus by US$950,000,000
MONTREAL, June 1, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U) today announces that it has filed and obtained a receipt for its amended and restated short form base shelf prospectus (the “Amended and Restated Prospectus”) amending and restating its short form base shelf prospectus dated December 7, 2020 (the “Original Prospectus”) with the securities commissions in each of the provinces and territories of Canada. The Amended and Restated Prospectus, among other things, increases the amount available under the Original Prospectus by US$950,000,000.
The filing of the Amended and Restated Prospectus allows Nuvei and certain of its security holders to distribute by way of prospectus up to US$1,800,000,000 of subordinate voting shares, preferred shares, debt securities, warrants, subscription receipts and units, or any combination thereof, during the 25-month period following the date of the Original Prospectus. Should the Company decide to offer securities during this period, the specific terms, including the use of proceeds from any offering, will be set forth in a related prospectus supplement to the Amended and Restated Prospectus, which will be filed with the applicable Canadian securities commissions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
A copy of the Amended and Restated Prospectus can be found on SEDAR at www.sedar.com.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com
The MSCI Canada Index is designed to measure the performance of the large and mid cap segments of the Canada market
MONTREAL, May 26, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced that effective as of the close of the market on May 27, 2021 it will be added as a member of the MSCI Canada Index, as part of the May 2021 Semi-Annual Index Review for the MSCI Equity Indexes.
The MSCI Canada Index is designed to measure the performance of the large and mid cap segments of the Canada market. The index is based on the MSCI Global Investable Market Indexes (GIMI) Methodology —a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to Nuvei’s ability to satisfy all closing conditions, to close the transaction within the anticipated timeline, as well as Nuvei’s ability to integrate Simplex, accelerate its development timeline and increase its sales. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com
Nuvei today announced that shareholders voted in favour of all items of business put forth by the Company at its annual shareholders’ meeting held on May 28, 2021 (the “Meeting”)
MONTREAL, May 31, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U) today announced that shareholders voted in favour of all items of business put forth by the Company at its annual shareholders’ meeting held on May 28, 2021 (the “Meeting”).
The five (5) nominees for directors were elected by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast for each nominee were as follows:
NomineesVotes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld(a) Philip Fayer855,927,75999.98%195,6990.02%(b) Michael Hanley854,984,76499.87%1,138,3100.13%(c) David Lewin855,785,02399.96%338,0510.04%(d) Daniela Mielke856,088,12299.99%34,9520.01%(e) Pascal Tremblay855,451,94199.92%671,1330.08%
PricewaterhouseCoopers LLP, chartered accountants, were appointed as auditors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast were as follows:
Votes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld859,234,53199.99%18,4870.01%
Final voting results on all matters voted at the Meeting are available on SEDAR at www.sedar.com.
Nuvei announced that Lindsay Matthews will be joining its management team as General Counsel and Corporate Secretary effective today, May 31, 2021.
Ms. Matthews has over 23 years of broad legal experience in corporate, securities and commercial law, as well as in M&A and corporate governance, both as in-house counsel and in private practice. She was most recently Vice-President, General Counsel and Corporate Secretary of Gildan Activewear Inc., where she led the global legal team since 2010. Prior to joining Gildan in 2004, Ms. Matthews practised corporate and securities law at Ogilvy Renault (now Norton Rose Fulbright). Ms. Matthews holds a B.C.L. and LL.B. from the McGill University Faculty of Law as well as a B.A. from Northwestern University.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investors
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com
Build a future-proof payment strategy to maximize the opportunity for growth
Montreal, May 18, 2021 – New research from strategy consulting firm Edgar, Dunn & Company specialized in payments and digital financial services, commissioned by Nuvei Corporation (TSX: NVEI and NVEI.U), highlights the importance for marketplaces to build a future-proof payment strategy to maximize the opportunity for growth. The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” also analyses best practices for marketplaces to optimize their payment processes and increase profitability.
A Nuvei report published in 2017 predicted that by 2020, around 40% of the world’s online retail market would be controlled by marketplaces. A recent analysis conducted by Digital Commerce 360 demonstrates that the marketplace share of total global web sales was actually 62% in 2020. Accelerated by local lockdowns during the pandemic, marketplaces experienced 81% growth in 2020, according to marketplace platform provider Mirakl’s Enterprise Marketplace Index. To capitalize on this faster than expected growth, many marketplaces now seek to create an entire ecosystem with large product choice as a means to retain and increase customer loyalty.
“Marketplaces face numerous complexities and need to constantly look at how the changing requirements of buyers, sellers and various external stakeholders impact their business model”, says Greg Toussaint, director at Edgar, Dunn & Company. “Being at the center of this intricate ecosystem, marketplaces now need to introduce new payment functionalities and solutions that cater to the needs of their local and global audiences.”
“Online sales have been accelerating due to rapidly changing consumer behavior, coupled with the increased accessibility and convenience of digital payments. This has created unique opportunities for marketplaces,” said Philip Fayer, Nuvei’s Chair and CEO. “Leveraging key payment best practices can support marketplace expansion to meet ever-increasing demand from both sellers and their customers.”
The report highlights key payments challenges that have become central for marketplace ecosystems. These include:
To navigate the challenges, the report lists seven best practices related to payments and how these can be implemented. They are based on interviews with marketplaces as well as platforms and fraud and payments solution providers. The report recommends that marketplaces assess their current state of payments first, by conducting a 360-degree payments diagnostic. This enables them to focus on payment initiatives based on business priorities and to develop a roadmap to support their strategy.
“A boom in eCommerce sales and the evolution in customer behavior, following the COVID-19 crisis, have created attractive opportunities for marketplaces”, said Yuval Ziv, Nuvei’s managing director, digital payments. “Optimizing the customer journey through frictionless payment experiences will be more important than ever in order to remain relevant in this competitive environment.”
The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” is based on a series of interviews with industry experts and marketplaces. The white paper is available for download at https://try.nuvei.com/mwp01.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
Edgar, Dunn & Company is an independent and global strategy consulting firm specializing in payments and digital financial services. The firm was founded on two fundamental principles of client service: provide deep expertise that enhances clients’ perspectives and deliver actionable advice that enables clients to create measurable, sustainable change in their organizations. Established in 1978 in the United States, Edgar, Dunn & Company has expanded to meet the needs of its increasingly global client base. Today it serves clients in more than 45 countries on six continents from its locations in San Francisco, London, Paris, Frankfurt, Dubai and Sydney.
For more information, visit https://edgardunn.com/.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Global fintech leader approved to acquire UK-based merchants requiring Mastercard and Visa licenses
MONTREAL and CYPRUS, June 2, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that its wholly owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants based in the United Kingdom (UK) beyond the expiry of the FCA Temporary Permissions Regime.
Coming at a crucial time in the eCommerce boom and the impending expiration of the FCA Temporary Permissions Regime, merchants in the UK can continue leveraging Nuvei’s full suite of products and solutions to process payments, with approved licenses.
“For UK merchants seeking a locally regulated payments partner, approved licenses will be critical,” said Philip Fayer, Nuvei’s Chair and CEO. “As a truly global fintech provider, we continue to support local businesses as they navigate and grow in this surging eCommerce market. Looking ahead to a post-Brexit economy, we remain committed as ever to providing the most innovative payment solutions and best service available to merchants in the UK and around the world.”
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
This presses release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from the Company’s securing of scheme licenses to continue processing UK payments. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Nuvei to provide payment processing technology and expertise to Michigan’s online gaming operators
MONTREAL and DETROIT, Mich., May 20, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, announced today that its wholly owned subsidiary has been granted approval by the Michigan Gaming Control Board to provide its services to licensed and regulated online sports betting and iGaming operators within the state.
Online sports betting in Michigan was legalized in January 2021. With growing demand in the sports betting and iGaming sectors driven by the number of brands going live and a large state population, operators and platforms now stand to benefit from Nuvei’s innovative payment technology and decades of industry expertise to further fuel their growth.
Nuvei is currently permitted to provide its services to licensed and regulated online sports betting operators in 10 states.
We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.
For more information, visit www.nuvei.com.
Investor Relations
IR@nuvei.com
Public Relations
PR@nuvei.com
This presses release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Nuvei’s Michigan sports betting and iGaming vendor approval. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Paya will add more verticals, deep space for growth: Nuvei CEO
Philip Fayer, chair and CEO of Nuvei, joins BNN Bloomberg to discuss the rationale behind acquiring Atlanta-based digital rival, Paya Holdings for U.S. $1.3B. He says the deal will enhance Nuvei's ability to execute on high-growth integrated payment opportunities. Watch it here
Meet Nuvei. Our future-proof technology allows businesses to accept cutting-edge payment options, optimize new revenue streams, and get the most out of your existing stack—all on one platform.
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