About Nuvei
Nuvei is a company based in Montreal (Canada) founded in 2003 by Philip Fayer was acquired by Advent International in April 2024.. Nuvei has raised $321.71 million across 5 funding rounds from investors including Goldman Sachs, NovaCap and Caisse de depot et placement du Quebec. Nuvei has completed 11 acquisitions, including Base Commerce, Capital Processing Network and CreditGuard. Nuvei operates in a competitive market with competitors including Flutterwave, Square, Modern Treasury, HighRadius and Network Merchants, among others.
- Headquarter Montreal, Canada
- Founders Philip Fayer
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$321.71 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Base Commerce
& 10 more
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Acquired by
Advent International
(Apr 01, 2024)
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Software Development Team
84 people
Leadership Team
67 people
Sales and Marketing
66 people
Product Management Team
50 people
Legal and Compliance
24 people
Human Resources and Administration
22 people
Finance and Accounting
21 people
Senior Team
12 people
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Funding Insights of Nuvei
Nuvei has successfully raised a total of $321.71M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Jun 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Post-IPO - Nuvei | Valuation |
investors |
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| Sep, 2020 | Amount | Post-IPO - Nuvei | Valuation |
investors |
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| Dec, 2019 | Amount | Series D - Nuvei | Valuation | Novacap |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nuvei
Nuvei has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, NovaCap and Caisse de depot et placement du Quebec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Acquisitions are targeted by Novacap, a private equity firm.
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nuvei
Nuvei has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Base Commerce, Capital Processing Network and CreditGuard. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment processing solutions are provided for businesses worldwide.
|
2019 | ||||
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AI-based crypto payments and fraud prevention are provided for businesses.
|
2014 | ||||
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Real-time online bank transfers are enabled for e-commerce payments.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Nuvei
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nuvei Comparisons
Competitors of Nuvei
Nuvei operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Square, Modern Treasury, HighRadius and Network Merchants, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
|
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
|
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| domain | founded_year | HQ Location |
Payment processing and treasury management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
White-label payment gateways are built for global e-commerce transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nuvei
Frequently Asked Questions about Nuvei
When was Nuvei founded?
Nuvei was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Where is Nuvei located?
Nuvei is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Nuvei?
Philip Fayer is the current CEO of Nuvei. They have also founded this company.
Is Nuvei a funded company?
Nuvei is a funded company, having raised a total of $321.71M across 5 funding rounds to date. The company's 1st funding round was a Series D of $270M, raised on Jun 01, 2006.
What does Nuvei do?
Founded in 2003 and headquartered in Montreal, Canada, Nuvei operates in the financial technology sector. Services encompass payment processing, mobile payments, hardware POS terminals, QR-based transactions, fraud management, batch processing options, and chargeback handling. These capabilities support merchants globally, with a focus on secure and efficient transaction management across various business scales.
Who are the top competitors of Nuvei?
Nuvei's top competitors include Flutterwave, Square and Modern Treasury.
How many acquisitions has Nuvei made?
Nuvei has made 11 acquisitions, including Base Commerce, Capital Processing Network, and CreditGuard.
Who are Nuvei's investors?
Nuvei has 4 investors. Key investors include Goldman Sachs, NovaCap, Caisse de depot et placement du Quebec, and Advent International.
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