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Nuvei

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?

Founded2003
HQMontréal, Quebec, Canada
Total raised$7.6B
Latest roundAcquired by Advent International
IndustryInfrastructure / Payments
The story

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.

Last 12 months
2024-04
2024-01
2023-11
Product timeline
2021
Nuvei listed on Nasdaq (NVEI) and TSX, establishing itself as a public Canadian fintech payments company.· ipo
2021
Acquired Simplex, an EMI-licensed fintech providing crypto/fiat payment processing for crypto platforms and exchanges.· acquisition
2023
Launched card issuing solution across 30 markets in the European Economic Area, offering physical and virtual white-labelled cards for clients.· card
2024
Launched Invoice Financing service powered by Kanmon, integrated into leading ERPs including Sage and Acumatica.· lending
2024
Partnered with Liberis to offer embedded SMB revenue-based financing for ISO partners and merchants.· lending
2025
Taken private by Advent International via acquisition.· acquisition
Regulated entities
EMI (Electronic Money Institution)
UK FCA
Nuvei Financial Services Limited
Payment Service Provider
EU (Netherlands, DNB)
Nuvei Global Services B.V.
EMI (Electronic Money Institution)
EU (Cyprus, Central Bank of Cyprus)
Nuvei Limited
EMI (Electronic Money Institution)
EU (Lithuania)
UAB Nuvei
The 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
KanmonNuvei Financing (Invoice Financing powered by Kanmon)Business Financing (merchant cash advance / working capital up to $5M)Liberis embedded revenue-based financing for merchants
FX & payouts
Nuvei (self-operated)
Crypto
Simplex (in-house, acquired)
Accounting
QuickBooks OnlineNetSuiteSage 50 USSage 100Sage 300Sage X3Microsoft Dynamics 365 Business CentralAcumatica
Accounting gap: minor