Three weeks after the firm confirmed it had received interest from prospective buyers, Nuvei has been purchased by private equity group Advent International. The Montreal-based payments solutions provider will be purchased by Advent for US$34 per share, putting the total valuation of the company at $6.3bn. Philip Fayer will retain his position as Chairman and CEO of the group, as well as holding …
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888 banks on Nuvei payments to support US progress
888Holdings has expanded its partnership with Nuvei to support continued growth in the US by integrating and leveraging the firm’s payment platform. The LSE business seeks to maximise payments acceptance and optimise risk management via Nuvei’s technology, bank-to-bank payments and knowledge of regulated igaming markets. Nuvei has a history of working with 888, with the company having backed the company’s …
Read More »Nuvei agrees $1.3bn buyout of Paya to expand US coverage
Nuvei has confirmed an agreement for the acquisition of Paya Holdings, which provides integrated payment and commerce solutions for North American merchants. The deal strengthens the continued growth of Nuvei, as the firm evolves its offering and ‘amplifies its growth strategy’, whilst also enhancing Nuvei’s ability to execute on ‘high-growth integrated payment opportunities’. Philip Fayer, Nuvei’s Chair and Chief Executive Officer, commented: “The …
Read More »Nuvei deepens LatAm and Igaming vision with new board appointments
Digital payments group Nuvei Corporation has announced to the Toronto Stock Exchange (TSX) and Global Nasdaq that it has enlarged its board of directors to eight members. Updating corporate stakeholders, Nuvei confirmed the appointment of tech and finance experts Maren Lau and Tim Dent as new independent directors (NEDs). Lau is Regional Vice President at Meta for Latin America, helping …
Read More »GoldBet eyes up further growth as Nuvei contract renewed
Italy-facing betting operator GoldBet has moved to expand its payment capabilities in pursuit of further revenue growth, extending its contract with Nuvei. The renewed contract with the payment solutions provider will see GoldBet implement new transaction methods into its cashier – such as Apple Pay – as a new withdrawal and deposit option, making it one of the first Italian …
Read More »Holland Casino selects ‘KOA ready’ Nuvei as lead digital payments solution
Holland Casino has appointed Nuvei to lead the payment processing and player verification provisions of its fully-licensed online casino property, in line with the laws and standards of the KOA online gambling regime that launched on 1 October. Nuvei will provide the Netherlands’ state-owned casino operator with a payment processing and customer verification solution, fully customised to meet the KOA …
Read More »888’s SI Sportsbook ‘powers consumer deposits’ in Nuvei partnership
888 has announced its partnership with Nuvei, a payment processing company, which will provide a payment solution for the betting company’s recently launched SI Sportsbook. In alliance, Nuvei is to supply it’s instant bank payment solution to 888 in order to ‘power consumer deposits’ to the sportsbook platform, ‘providing seamless, real-time’ bank account funding. Yaniv Sherman, SVP Head of US …
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