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Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
The combined company is expected to generate about $3 billion in annual revenue and process more than $500 billion in annual payment volume, the companies said.
- On Monday, Nuvei Corp. announced it will purchase Nasdaq-listed Payoneer Global Inc. for about $2.75 billion in cash, marking the company's first major acquisition since going private in 2024.
- Nuvei CEO Phil Fayer stated the acquisition combines complementary capabilities to offer a more complete platform at scale, as payment firms consolidate to capture growth in cross-border and business transactions.
- The combined entity expects around $3 billion in annual revenue and more than $500 billion in annual payment volume, with Nuvei paying $7.40 per share, a 44 per cent premium to the June 8 closing price.
- This transaction positions Nuvei for growth in AI-driven commerce and stablecoin transactions, providing access to major marketplace clients including Amazon, Walmart, eBay, and Airbnb operating in more than 150 markets.
- The transaction is expected to close in mid-2027 subject to regulatory clearances and shareholder approval at Payoneer, with financing supported by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo.
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The CEO of the Canadian fintech company says that the acquisition of the Nasdaq-listed company will allow them to offer a more complete platform for accepting payments, sending funds, issuing cards, and promoting other financial services.
·Brazil
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Stock Market Today, June 15: Payoneer Global Jumps After Nuvei Agrees to Acquire Company for $2.75 Billion
Payoneer Global (NASDAQ:PAYO), which provides cross-border payment solutions for SMBs, closed Monday at $7.03, up 4.15%. The stock moved higher after news that Nuvei agreed to acquire Payoneer for $7.40 per share in cash. Trading volume reached 78.4 million shares, about 1,191% above its three-month average of 6.1 million shares. Payoneer Global IPO'd in 2020 and has fallen 27% since going public.How the markets moved todayThe S&P 500 rose 1.67%…
·Alexandria, United States
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Coverage Details
Total News Sources41
Leaning Left3Leaning Right4Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 19%
C 56%
R 25%
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