Canadian FinTech Nuvei’s $1.3 billion acquisition of payment platform Paya is complete. The all-cash deal, first announced in January, gives Nuvei ownership of a payment and frictionless commerce business that processed $50 billion in payment volume last year, the company said in a Wednesday (Feb....
“There has been so much capital deployed in FinTech building out solutions that don’t actually solve real world problems.” Philip Fayer, CEO and chair of Nuvei, told PYMNTS’ Karen Webster that the deal-making and private funding rounds in FinTech might have peaked during the pandemic....
In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened since we’ve been tracking these more than three dozen names that have gone public since just before the pandemic. The...
Canadian FinTech Nuvei said it will acquire payments firm Paya in a $1.3 billion all-cash deal. The purchase combines “two people-first, technology-led, high-growth payment platforms,” Nuvei Chair and CEO Philip Fayer said in a Monday (Jan. 9) news release, calling the deal the next step...
February 01, 2023
“There has been so much capital deployed in FinTech building out solutions that don’t actually solve real world problems.” Philip Fayer, CEO and chair of Nuvei, told PYMNTS’ Karen Webster that the deal-making and private funding rounds in FinTech might have peaked during the pandemic. Many once-heralded disruptors have failed to live up to their […]
January 12, 2023
In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened since we’ve been tracking these...
October 20, 2022
The FinTech IPO Index was down 3.2% heading into the end of the week and is down 10.2% headed into the final days of October. The hole is a deep...
January 20, 2022
For many merchants, the prospect of managing the seamless payments consumers want while navigating fraud risk and regulatory compliance is daunting. Acquirers, tasked with facilitating key credit card transactions, must...
August 09, 2023
Nuvei Corp. stock dropped 36% Wednesday (Aug. 9) after the Canadian FinTech released its second-quarter earnings showing a net income drop. As of late afternoon, Nuvei was trading at $19.07 a share, down $10.85 from the previous day’s close. The payments firm released its financial results Wednesday (Aug. 9) for the three and six months ended June […]
February 22, 2023
Canadian FinTech Nuvei’s $1.3 billion acquisition of payment platform Paya is complete. The all-cash deal, first announced in January, gives Nuvei ownership of a payment and frictionless commerce business that...
January 09, 2023
Canadian FinTech Nuvei said it will acquire payments firm Paya in a $1.3 billion all-cash deal. The purchase combines “two people-first, technology-led, high-growth payment platforms,” Nuvei Chair and CEO Philip...
June 19, 2022
Payments tech company Paya Holdings will be looking into selling itself as there has been takeover interest, a report from Bloomberg said. Paya has been working with an adviser to...
