In a major financial technology deal, Montreal-born Nuvei is set to acquire New York’s Payoneer.
The Canadian payments infrastructure innovator is acquiring the publicly traded Payoneer for $7.40 per share in cash, representing a total transaction equity value of $2.75 billion, according to an official statement.
The acquisition of Payoneer “marks a defining step in Nuvei’s evolution into a global financial infrastructure leader,” says Phil Fayer, Chief Executive Officer of Nuvei.
As commerce becomes more complex across local and cross-border markets, Fayer says businesses need infrastructure that can support the full transaction lifecycle.
This transaction addresses such a need by combining Nuvei’s payment acceptance capabilities with Payoneer’s cross-border payouts and banking network with same-day and real-time settlement.
“By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services at scale,” Fayer stated.
Payoneer chief executive officer John Caplan says that, “for two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build.”
“We have transformed our business with extraordinary results,” he commented, “and our combination with Nuvei will extend what we can offer customers.”
“Together, we will reach more businesses, in more markets, with a more complete platform,” Caplan stated.
The transaction, approved by the Boards of Directors at Nuvei and Payonee, is expected to close in mid-2027, subject to customary closing conditions. Goldman Sachs is serving as lead financial advisor.
After experiencing a high north of $170 per share back in 2021, Montreal’s Nuvei went private in 2024 through a deal valuing the firm at $6 billion.
Nuvei was founded in 2003, with the platform today reaching 150 countries and 700 alternative payment methods.
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