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Nuvei Bags $270M to Bolster Growth
By Banking CIO Outlook | Monday, January 06, 2020
Nuvei has raised $270 million to bolster the company's both organic and acquisition growth plans.
FREMONT, CA: A pioneering global payment technology provider, Nuvei, has secured $270 million standard equity financing. The round of funding was led by Nuvei's existing shareholders- Novacap, a pioneering Canadian private equity firm, Caisse de dépôt et placement du Québec, one of the most prominent Canadian institutional investors, along with some of the key limited partners. This investment will enable Nuvei to bolster both its organic and acquisition growth plans further. The company delivers omnichannel, end-to-end payment acceptance solutions, local acquiring, foreign exchange services, streamlined payouts, risk management, and value-added business services in the U.S., Europe, Canada, Latin America, and the Asia Pacific.
Nuvei empowers organizations to grow both locally and globally, delivering these capabilities via a single, unified platform. The company will expand the breadth and reach of its fintech solutions around the world with the funding. This expansion will reinforce Nuvei's approach of expanding organically and via complimentary M&A activities, including technology collaborations, that will make a significant influence to the markets and businesses in which the company operates. Nuvei's established native platform makes it simple to connect with the global economy and begin transacting with customers in over 150 currencies globally. With support for over 180 alternative payment options, Nuvei is one of the few established payment processors with global acquiring capabilities.
Nuvei is an innovative community of payment specialists, providing fully-supported omnichannel payments to large-scale merchants, SMBs, and distribution partners powered by the company's extensive suite of proprietary technologies. The company equips ISVs, ISOs, developers, payment facilitators, and eCommerce platforms with the technology, expertise, and customer service to stand out. Backed by its full-service, globally connected platform, the company's vision is to build a network in which its merchants and partners can indeed prosper. Nuvei's goal is to create more significant and better payment possibilities for all, paving the way to great partnerships.
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