Ryan Reynolds announces investment in Canadian fintech Nuvei
MONTREAL, April 17, 2023 (GLOBE NEWSWIRE) — Hollywood actor, producer and entrepreneur Ryan Reynolds announced today that he has invested in Canadian fintech company Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI).
Globally recognized as a serial entrepreneur with an exceptional track record of investing in successful, high-growth businesses, Reynolds commented on the announcement: “I know about as much about fintech as I did about gin or mobile a few years ago. But Nuvei is impressive. The management team is extremely intelligent and hard-working, and it’s time for a Canadian company to get the kind of attention American tech companies do.”
Reynolds’ latest investment comes less than a month after it was announced that Mint Mobile, the budget wireless network provider partially owned by Reynolds, was being acquired by telecom giant T-Mobile US Inc. for $1.35 billion. Reynolds’ other high-profile investments include American Aviation Gin and Wrexham Football Club.
Nuvei is a global payments technology company dedicated to accelerating its customers’ revenue growth through payments. With card collection services in more than 200 markets, including direct local collection in over 47 countries, as well as access to more than 600 alternative payment methods, Nuvei connects e-commerce businesses with their customers wherever they are in the world and however they want to pay.
Entering 2023 with strong momentum, Nuvei announced the acquisition of leading B2B and Integrated Payments Technology provider Paya in the first weeks of the year and closed the transaction in February. Incorporating Paya technology and Nuvei experts creates a prominent payment technology provider in global e-commerce, integrated payments and B2B.
In addition to developing new use cases for its technology, Nuvei continues to expand geographically. The company has made significant strides to increase market share in both LATAM and APAC, including the recent launch of local sourcing capabilities in Hong Kong, Singapore and Australia.
Nuvei Chairman and CEO Phil Fayer shared his thoughts on the announcement: “We are thrilled to welcome Ryan to the Nuvei family. We are a global company, but extremely proud of our Canadian roots and values, so it is a privilege to have one of the most internationally recognized Canadians, as well as an entrepreneur with such renowned business acumen, join our investors.”
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company that accelerates the business of clients worldwide. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next generation payments, offer all payment options and take advantage of card issuing, banking, risk and fraud management services. By connecting businesses to their customers in more than 200 markets, with local procurement in 45+ markets, 150 currencies and more than 600 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
For more information, visit www.nuvei.com
CONTACT: Alex Hammond Nuvei +447507604174 [email protected] Investor Relations Nuvei [email protected]
