“Can a modular global payments platform become the full financial infrastructure layer — covering acquiring, issuing, banking, FX, and embedded capital — for platforms, marketplaces, and vertical software companies worldwide?”
Founded as a payments technology company in Montreal, Nuvei evolved from a traditional payment processor into a modular global payments platform serving complex verticals including iGaming, crypto, marketplaces, and vertical SaaS. The company expanded horizontally through acquisitions (notably Simplex for crypto payments) and organically through card issuing, banking services, and embedded finance capabilities. After going public on Nasdaq and TSX, Nuvei was taken private by Advent International, signaling a strategic reset to deepen its platform model — positioning itself as the financial infrastructure layer for platforms and ISVs rather than a point-solution PSP.
Nuvei discloses Nuvei Financial Services Limited (in-house EMI) as its banking provider, according to the Embedded Finance Index 2026.
Nuvei does not disclose a bank charter of its own; its banking services are provided through Nuvei Financial Services Limited (in-house EMI).
Nuvei processes payments through Nuvei (self-operated).
Nuvei's cards are issued through Nuvei (self-operated issuing, EEA 30 markets).
Nuvei's lending and capital products are provided by Kanmon.
Nuvei uses Nuvei (self-operated) for FX and cross-border payouts.
Nuvei's crypto products run on Simplex (in-house, acquired).
Nuvei integrates with QuickBooks Online, NetSuite, Sage 50 US, Sage 100, Sage 300, Sage X3, Microsoft Dynamics 365 Business Central and Acumatica.
The Embedded Finance Index 2026 maps 7 layers in Nuvei's stack: Payments / PSP (Nuvei (self-operated)); Banking / BaaS (Nuvei Financial Services Limited (in-house EMI)); Card issuing (Nuvei (self-operated issuing, EEA 30 markets)); Lending (Kanmon, Nuvei Financing (Invoice Financing powered by Kanmon), Business Financing (merchant cash advance / working capital up to $5M) and Liberis embedded revenue-based financing for merchants); FX & payouts (Nuvei (self-operated)); Crypto (Simplex (in-house, acquired)); Accounting (QuickBooks Online, NetSuite, Sage 50 US, Sage 100 and 4 others).
Nuvei is founded in 2003 and headquartered in Montréal, Quebec, Canada.
Nuvei has raised $7.6B in total (latest round: Acquired by Advent International).
Nuvei's acquisitions include Paya (2023), Paymentez (2021), Simplex (2021), Mazooma (2021), Base Commerce (2021), Smart2Pay (2020) and SafeCharge (2019).
Get a read on where your own stack stands against Nuvei and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.