← Embedded Finance Index 2026

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
Acquisitions
Paya2023
Completed its $1.3B acquisition of US integrated-payments provider Paya, expanding into B2B, government and healthcare.
Paymentez2021
Acquired Miami-based Paymentez to strengthen local acquiring and processing across Latin America.
Simplex2021
Completed its ~$250M acquisition of Simplex, a fiat-to-crypto gateway, adding crypto payment capabilities.
Mazooma2021
Acquired US real-time A2A payments provider Mazooma, expanding alternative payment methods.
Base Commerce2021
Acquired US integrated payment/ACH processing provider Base Commerce, broadening North American acquiring.
Smart2Pay2020
Acquired Netherlands-based Smart2Pay, adding hundreds of alternative payment methods across digital markets.
SafeCharge2019
Completed its ~$889M acquisition of SafeCharge International, expanding global payment technology and reach.
Regulated entities
4
regulatory licences held by Nuvei
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Nuvei’s embedded-finance stack
Payments / PSP
Nuvei (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting
in the full report
Accounting gap: minor
16 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.