Nuvei

Information on ultimate ownership and corporate status was cross-checked with Corporations Canada and the private equity takeover notice. Licence(s) were verified with the FCA and Nuvei's website (14 Nov 2026). Enforcement was verified against the relevant FTC case. Further information from SEC filings, PR and news media.

Nuvei provides a full suite of online and offline (in-person) payment, payout, card and risk services to its business customers. Supports approximately 150 currencies and 720+ alternate payment options via its in-house acquirer (direct acquiring network covering 53 territories as of 21 Oct 2026 following admission of Israel).

Nuvei is prominent in the iGaming space, holding multiple state gaming commission licenses as a Technology Service Provider through Nuvei Technologies Inc. (US). Nuvei also owns Mazooma, which it acquired in 2021, providing RTPs into the US for online gambling purposes. Examples of gaming customers included in PR: BetMGM, 888 and PrizePicks.

When publicly listed, Nuvei had revenues of ~USD 1.19bn for 2023 and a net loss of USD 0.7m (total volume processed ~USD 203bn). No further annual accounts have been made public.

As at 28 November 2024, the existing Nuvei Corporation is a Canadian corporation by federal incorporation (1655609-4), created by virtue of an amalgamation including the then Nuvei Corporation (publicly-listed entity) and Neon Maple Purchaser Inc. (the Advent roll-up co). Neon Maple Parent Inc. (Ontario) is the counterparty as purchaser in the Payoneer merger agreement.

Advent acquired Nuvei Corporation for USD 34.00 per share, equating to an enterprise value of c. USD 6.3bn, completing on 15 November 2024. Post-completion, ownership splits were estimated to be Advent 46%; Fayer 24%; Novacap 18%; CDPQ 12%. Mr. Fayer continues as Chair and CEO of the company, joined in July 2026 by the following C-Suite appointments:

Nuvei Financial Services Limited is authorised as an Electronic Money Institution with the FCA (licence no. 994233), as of 15 March 2024. It is subject to a number of conditions, one being the prohibition of dealing in crypto-assets. In the EU, the corresponding licence is held by Nuvei Limited with the Central Bank of Cyprus (no. 115.1.3.9/2018); and UAB Nuvei (no. 54; Bank of Lithuania, 23 Jul 2019).

Nuvei Global Services B.V. holds a Dutch Payment Institution licence (De Nederlandsche Bank). Nuvei Liquidity, UAB is licensed as a crypto-asset service provider (Bank of Lithuania no. 3, dated 16 December 2025, MiCAR). Nuvei US, LLC is a registered Money Transmitter (via NMLS no. 1760584) across 39 jurisdictions. From April 2024, Nuvei Singapore Pte. Ltd. operates as a Major Payment Institution.

A series of state-level approvals have been obtained for Nuvei Technologies Inc. to act as a vendor in online iGaming. Initial licences were granted by WV, IN and CO in 2020, with TN and VA in early 2021, MI (MGCB) in May 2021 and CT in Q4 2021. Nuvei recently obtained an acquirer's licence to provide acquiring services in Israel (October 2026) and has been recognised by the Payments Association of SA.

All business operations are currently offered via the Nuvei brand. Prior to this (from incorporation in 2003), the company was known as Pivotal Payments until it took on the Nuvei name in October 2018. One sub-brand remains as a result of acquisitions: Simplex (acquired September 2021) provides a crypto on-ramp solution.

Payment business SafeCharge International Group Ltd. (LSE: SCH) was acquired by Nuvei on 1 August 2019 for a total consideration of ~USD 889m. Its Cyprus EMI was subsequently renamed to Nuvei Ltd in December 2022. Nuvei has since made further acquisitions of Mazooma Technical Services Inc. (Aug 2021) and Australian payment services provider Till Payments Pty Ltd (Jan 2024). Paya Holdings Inc. was acquired in February 2023 (~USD 1.3bn).

FTC announced an agreed settlement on 4 September 2026 for USD 4.85m, involving Nuvei Corp and its group entities (Nuvei International Group Limited; Nuvei Ltd.; SafeCharge Digital Ltd.; and Nuvei Technologies Inc.) - per the associated complaint, Nuvei had provided acquiring/payment processing to the "Reimage" fraudulent offshore remote-tech-support operation to the value of >USD 30m during 2017-2023, via its Cy acquirer.

Nuvei Technologies Inc. is also alleged to have on-boarded certain other fraudulent/obscure merchants (including DK Automation LLC; and American Tax Service). A Stipulated Order was issued by the Court (D. Ariz.) on 9 September 2026 (Case No. 2:26-cv-06306), prohibiting the provision of payment processing services to tech-support telemarketing calls and directing enhanced due-diligence procedures on new merchant customers and chargebacks. Nuvei did not admit or refute the FTC findings.

In Dec 2021 short-seller Spruce Point Capital Management released a report alleging weak organic growth and improper affiliations between certain parties and Nuvei. These allegations were denied by Nuvei but its share price dropped ~40% on the back of the publication. A class action suit was filed against Nuvei and others in the Superior Court (Quebec). PwC agreed to a settlement amounting to CAD 300,000 and in February 2023 (15th) leave was granted by the court to discontinue the proceedings against all remaining defendants.