Ryan Reynolds bets on the Canadian fintech company Nuvei
Financial technology firm Nuvei Corp., a provider of payment services to the sports betting industry, announced an investment from Hollywood actor and investor Ryan Reynolds.
Financial technology firm Nuvei Corp., a provider of payment services to the sports betting industry, announced an investment from Hollywood actor and investor Ryan Reynolds.
The company and Reynolds did not disclose the amount. Nuvei shares rose as much as 1.6% before giving up those gains to trade down 0.7% at 10:27 a.m. in Toronto.
The company and Reynolds did not disclose the amount. Nuvei shares rose as much as 1.6% before giving up those gains to trade down 0.7% at 10:27 a.m. in Toronto.
Reynolds also made a marketing pitch for Nuvei. On Twitter, he posted a video of himself sitting on CEO Philip Fayer’s desk, wondering about his low profile compared to American tech leaders.
Reynolds also made a marketing pitch for Nuvei. On Twitter, he posted a video of himself sitting on CEO Philip Fayer’s desk, wondering about his low profile compared to American tech leaders.
The company, founded in Montreal in 2003, offers a payment platform for businesses in close to 50 countries. It provides services to clients from the gaming and crypto industries, including DraftKings Inc. and Binance Holdings Ltd.
The company, founded in Montreal in 2003, offers a payment platform for businesses in close to 50 countries. It provides services to clients from the gaming and crypto industries, including DraftKings Inc. and Binance Holdings Ltd.
Everyone Wants to Make ‘Ryan Reynolds Money’ Now: Chris Bryant
Everyone Wants to Make ‘Ryan Reynolds Money’ Now: Chris Bryant
“I know about as much about fintech as I did about gin or mobile a few years ago,” Reynolds said in a press release. “But Nuvei is impressive. The management team is extremely intelligent and hard-working, and it’s about time a Canadian company got the kind of attention American tech companies do.”
“I know about as much about fintech as I did about gin or mobile a few years ago,” Reynolds said in a press release. “But Nuvei is impressive. The management team is extremely intelligent and hard-working, and it’s about time a Canadian company got the kind of attention American tech companies do.”
Reynolds backed budget wireless provider Mint Mobile, which last month agreed to a sale to T-Mobile US Inc. for as much as $1.35 billion.
Reynolds backed budget wireless provider Mint Mobile, which last month agreed to a sale to T-Mobile US Inc. for as much as $1.35 billion.
Fayer’s company went public in 2020 amid soaring demand for tech stocks during the first year of the pandemic, and the next year it briefly passed C$25 billion ($18.7 billion) in market capitalization. But it fell after it was the subject of a critical report from short-seller Spruce Point Capital Management and in the broader technical correction. It is now worth approx. C$8 billion.
Fayer’s company went public in 2020 amid soaring demand for tech stocks during the first year of the pandemic, and the next year it briefly passed C$25 billion ($18.7 billion) in market capitalization. But it fell after it was the subject of a critical report from short-seller Spruce Point Capital Management and in the broader technical correction. It is now worth approx. C$8 billion.
In February, Nuvei closed a $1.3 billion purchase of Atlanta-based Paya Holdings Inc., which provides payment solutions in healthcare, education, government and non-profit organizations.
In February, Nuvei closed a $1.3 billion purchase of Atlanta-based Paya Holdings Inc., which provides payment solutions in healthcare, education, government and non-profit organizations.
