Vancouver-based actor and entrepreneur Ryan Reynolds has invested in Canadian financial technology firm Nuvei.
Both Reynolds and Nuvei are hot right now.
Reynolds’ latest investment comes a month after it was announced that Mint Mobile, a budget wireless provider partly owned by Reynolds, had been acquired by telecoms giant T-Mobile for US$1.35 billion.
And Nuvei, based in Montreal, recently acquired US rival Paya in an all-cash transaction valued at approximately $1.3 billion.
Reynolds, a fintech newbie, is confident in his decision to invest in Nuvei.
“I know about as much about fintech as I did about gin or mobile a few years ago,” he confessed, “But Nuvei is impressive. The leadership team is exceedingly intelligent and hard-working and it’s about time a Canadian company got the type of attention American tech companies do.”
Nuvei’s modular and scalable technology allows companies to accept next-gen payments, offer payout options, and benefit from card issuing, banking, risk, and fraud management services.
With card acquiring services in 200 markets, including direct local acquiring in 47 countries, as well as access to 600 alternative payment methods, Nuvei connects e-commerce businesses with their customers wherever they are in the world and however they want to pay.
The charming Reynolds, alongside Nuvei CEO Phil Fayer, quip back and forth in a short video bit promoting the Vancouver-Montreal collaboration.
This I assure you… @nuvei will never ever build a rocket. pic.twitter.com/pyVdLSraW8— Ryan Reynolds (@VancityReynolds) April 17, 2023
“We’re thrilled to welcome Ryan to the Nuvei family,” stated chief executive Fayer. “We’re a global company but extremely proud of our Canadian roots and values, so to have one of the most internationally recognizable Canadians, as well as an entrepreneur with such renowned business acumen, join our investors is a privilege.”
Nuvei has been public on the Toronto Stock Exchange since 2020.
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