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Nuvei Corporation (NVEI) is a leading fintech innovator providing modular payment solutions across 200+ global markets. This page aggregates official news and press releases about the company’s strategic initiatives, financial performance, and technological advancements in digital payments.
Investors and industry professionals will find real-time updates on earnings reports, partnership announcements, product launches, and market expansions. Key coverage areas include payment technology innovations, regulatory developments, and cross-border transaction solutions that define Nuvei’s position in the fintech sector.
All content is curated to provide actionable insights while maintaining compliance with financial disclosure standards. Bookmark this page to stay informed about Nuvei’s global payment infrastructure developments, risk management strategies, and emerging market partnerships.
Nuvei (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech company, has released its third annual Environmental, Social and Governance (ESG) Report for 2023. The report highlights Nuvei's ongoing achievements across key ESG pillars and its commitment to being a people-first, technology-led global payments platform.
Key 2023 ESG achievements include:
- Integrating ESG Materiality Assessment results into long-term strategy
- Establishing a formal ESG Policy
- Conducting and implementing results from a companywide team member engagement survey
- Creating a Team Member Resource Group, OneNuvei, with sub-groups for DE&I, Wellness, and Global Collaboration
- Meeting the goal of 30% women representation on the Board
- Assessing GHG emissions to understand environmental impact
The report aligns with SASB Technology and Communications standards and UN Sustainable Development Goals.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with Scanco Software, to enhance Scanco's new Invoice2Payment (i2PAY) solution. This collaboration integrates Nuvei's advanced B2B payment capabilities into Scanco's warehouse management software, offering features like online payment processing, email receipts, automated deposits, and analytics. The partnership aims to streamline operations, improve financial visibility, and shorten invoice-to-cash cycles for Scanco's customers in the manufacturing and distribution industries.
Nuvei's ERP payments engine will provide seamlessly integrated payment acceptance and disbursement solutions, along with single-view visibility of data and insights. This integration will help Scanco customers reconcile financial information across systems more efficiently and support Scanco's goal of developing an Autonomous Supply Chain platform.
Nuvei (NVEI) reported its Q2 2024 financial results, showing mixed performance. Total volume increased 22% to $61.7 billion, and revenue grew 13% to $345.5 million. However, net income decreased 54% to $5.3 million. Adjusted EBITDA rose 6% to $116.8 million, and adjusted net income increased 8% to $62.6 million.
The company also provided an update on its proposed take-private transaction with Advent International, valuing Nuvei at approximately $6.3 billion. The deal, approved by shareholders and the court, is expected to close in late 2024 or Q1 2025, subject to regulatory approvals.
Nuvei declared a cash dividend of $0.10 per share, payable on September 5, 2024, to shareholders of record on August 20, 2024.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has announced a definitive agreement to acquire Pay2All, a licensed Payment Institution in Brazil. This strategic move aims to enhance Nuvei's capabilities in the Brazilian market and strengthen its presence in Latin America. The acquisition will enable Nuvei to offer comprehensive payment services in Brazil, including accepting payments, managing e-wallets, and processing PIX transactions.
The Payment Institution license is important for providing transactional services in Brazil's newly regulated sports betting and online gaming market. With the Brazilian iGaming market projected to reach US$4.03bn by 2029, Nuvei is positioning itself as a leading payment partner for iGaming and eCommerce ecosystems in the country. The transaction is subject to regulatory approvals from the Central Bank of Brazil and local antitrust authorities.
Nuvei (Nasdaq: NVEI) (TSX: NVEI), a Canadian fintech company, has announced it will release its second quarter 2024 financial results after market close on August 6, 2024. This announcement comes in the context of Nuvei's recent agreement to be taken private by Advent International, along with existing Canadian shareholders Philip Fayer, Novacap, and CDPQ. The privatization deal, announced on April 1, 2024, values Nuvei at an enterprise value of approximately US$6.3 billion, with shareholders set to receive US$34.00 per share in an all-cash transaction. Due to this pending transaction, Nuvei will not host a conference call or webcast to discuss the Q2 2024 results.
Nuvei (NASDAQ: NVEI), a Canadian fintech company, has partnered with Mastercard to introduce a new off-ramping solution for consumers in Europe. This innovation allows users to convert digital assets, including cryptocurrencies, into fiat currency via debit, credit, and prepaid cards. The feature is integrated into Nuvei’s modular payment platform, providing a seamless and secure user experience. The funds can be transferred to eligible Mastercard accounts in near real-time, eliminating the need for third-party exchanges. This initiative aims to simplify digital-to-fiat currency conversion and aligns with Nuvei's mission to facilitate frictionless transactions across the digital economy.
Nuvei (Nasdaq: NVEI, TSX: NVEI) announced it has received in-principle approval for a Retail Services Category II License from the Central Bank of the UAE. This license enables Nuvei to expand its operations in the UAE, a key market in the MENA region, by offering direct local acquiring, payment aggregation, and domestic and cross-border fund transfers. The UAE’s eCommerce sector, projected to grow at a 9% CAGR reaching over $10 billion by 2029, presents significant opportunities for Nuvei’s comprehensive payments technology. This expansion complements Nuvei’s strategic goals, following its recent acquisitions of a Major Payment Institution license in Singapore and being the first global payments firm to offer local direct acquiring in Colombia.
Nuvei (Nasdaq: NVEI) has received final court approval from the Superior Court of Québec for its plan of arrangement with Neon Maple Purchaser Inc., controlled by Advent International. This follows shareholder approval obtained on June 18, 2024. The arrangement, which falls under section 192 of the Canada Business Corporations Act, is still subject to various closing conditions and regulatory approvals. If these conditions are met, the transaction is expected to complete between late 2024 and the first quarter of 2025.
Nuvei (NASDAQ: NVEI, TSX: NVEI) announced that its shareholders approved a going-private transaction with Advent International on June 18, 2024. The plan involves a newly-formed entity, Neon Maple Purchaser Inc., acquiring all issued and outstanding shares of Nuvei at $34.00 per share. Major shareholders, including Philip Fayer, Novacap, and CDPQ, will exchange their shares for a mix of cash and shares, retaining substantial equity in the new private company. Approval came through a special meeting where various voting thresholds were met, including a 99.24% approval by combined voting shares and 86.08% by subordinate voting shares. The transaction awaits final court approval and regulatory clearances, expected to close in late 2024 or early 2025.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) announced that proxy advisory firm Glass, Lewis & Co. recommends shareholders vote FOR the previously announced statutory plan of arrangement. This Arrangement involves Neon Maple Purchaser, a new entity controlled by Advent International, acquiring all outstanding shares of Nuvei at $34.00 per share. The special meeting for this vote will be held on June 18, 2024. The Board of Directors and Institutional Shareholder Services also recommend voting FOR the Arrangement. Shareholders are urged to vote by June 14, 2024, if unable to attend virtually. For more details, visit www.NuveiPOA.com.
