Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Asia Pacific, and Latin America. It provides a suite of payment solutions designed to support the entire lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels while providing what we believe is a superior payments experience. The company sells and distributes its solutions through direct sales, independent sales organizations, value-added resellers, and online marketplaces. Nuvei Corporation was founded in 2003 and is based in Montreal, Canada.
IPO Year:
Exchange: NASDAQ
Website: nuvei.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2024 | $32.00 → $34.00 | Overweight → Neutral | JP Morgan |
| 1/17/2024 | $29.00 | Equal Weight | Wells Fargo |
| 12/20/2023 | $34.00 | Overweight | Barclays |
| 12/5/2023 | $30.00 | Outperform | BMO Capital Markets |
| 11/30/2023 | $25.00 | Buy | Seaport Research Partners |
| 10/20/2023 | $20.00 | Buy | UBS |
| 8/10/2023 | $41.00 → $22.00 | Buy → Neutral | Goldman |
| 4/11/2023 | $50.00 → $55.00 | Neutral → Outperform | SMBC Nikko |
| 3/13/2023 | $19.00 | Overweight | JP Morgan |
| 3/9/2023 | Neutral → Sector Outperform | CIBC |
The American Gambling Awards today announced Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, has been named Payment Service Provider of the Year for the 2024 American Gambling Awards. This prestigious accolade underscores Nuvei's position as a leader in iGaming payment solutions and highlights the company's dedication to empowering operators in the regulated U.S. online gambling industry. The American Gambling Awards, produced by Gambling.com Group Limited (NASDAQ:GAMB) ("Gambling.com Group" or the "Group"), honor the top companies and executives shaping the regulated U.S. online gambling landscape and are recognized as a benchmark for e
Collaboration brings Nuvei's comprehensive Nuvei for Platform integrated payments solution to BigCommerce customers, including seamless omnichannel experiences MONTREAL and AUSTIN, Texas, Oct. 22, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it has partnered with BigCommerce (NASDAQ:BIGC), a leading open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers. This partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei's comprehensive suite of omnichannel payment solutions through its
Businesses in Singapore and Hong Kong can now accept payments by JCB credit and debit cards through their existing single integration with Nuvei TOKYO and MONTREAL, Oct. 7, 2024 /PRNewswire/ -- JCB International Co., Ltd. ("JCB"), Japan's only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, to include Singapore and Hong Kong. This expansion builds upon Nuvei's existing relationship with JCB in Europe, further strengthening Nuvei's position in the rapidly growing Asia-Pacific (APAC) eCommerce market.
Upgrades to Nuvei's suite of seamless Embedded Payments solutions unlocks new growth opportunities for businesses of all sizes MONTREAL, Sept. 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced the launch of several new features and enhancements for its Nuvei for Platforms product. Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including marketplaces, commerce platforms, the gig economy, payment facilitators, and independent software v
MONTREAL, Sept. 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today that it has published its third annual ESG Report for 2023. The report details Nuvei's ongoing achievements across the key pillars of its ESG strategy and highlights the various ways Nuvei continues to deliver on its vision of being a people-first, technology-led global payments platform. "Sound corporate governance, strong information security procedures, team member well-being, positive community contributions, and envir
Partnership enhances payment capabilities for Scanco customers, streamlining operations and improving financial visibility MONTREAL and NOKOMIS, Fla., Aug. 8, 2024 /PRNewswire/ -- Nuvei Corporation (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announces its partnership with Scanco Software, LLC ("Scanco"), a leading provider of innovative software solutions for the manufacturing and distribution industries, to enhance Scanco's new Invoice2Payment (i2PAY) solution. i2PAY complements Scanco's existing warehouse management capabilities with payments features inclu
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL, Aug. 6, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024 Compared to 2023: Total volume(a) increased by 22% to $61.7 billion from $50.6 billion;Revenue increased by 13% to $345.5 million from $307.0 million;Net income decreased by 54% to $5.3 mi
Proposed acquisition represents significant milestone in global expansion strategy and further strengthens Nuvei's presence in LATAM MONTREAL, Aug. 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. ("Pay2All"), a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected to enhance Nuvei's capabilities in the Brazilian market and reinforces its commitment to the Latin American (LATAM) region.
MONTREAL, July 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it will release its second quarter 2024 results after market close on August 6, 2024. On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap, and CDPQ for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion.
Consumers are able to seamlessly convert assets such as cryptocurrencies into fiat funds MONTREAL and LONDON, July 11, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards. This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard's global network. This off-ramping solution is integrated directly into Nuvei's modular
JP Morgan downgraded Nuvei Corporation from Overweight to Neutral and set a new price target of $34.00 from $32.00 previously
Wells Fargo initiated coverage of Nuvei Corporation with a rating of Equal Weight and set a new price target of $29.00
Barclays initiated coverage of Nuvei Corporation with a rating of Overweight and set a new price target of $34.00
BMO Capital Markets initiated coverage of Nuvei Corporation with a rating of Outperform and set a new price target of $30.00
Seaport Research Partners initiated coverage of Nuvei Corporation with a rating of Buy and set a new price target of $25.00
UBS initiated coverage of Nuvei Corporation with a rating of Buy and set a new price target of $20.00
Goldman downgraded Nuvei Corporation from Buy to Neutral and set a new price target of $22.00 from $41.00 previously
SMBC Nikko upgraded Nuvei Corporation from Neutral to Outperform and set a new price target of $55.00 from $50.00 previously
JP Morgan resumed coverage of Nuvei Corporation with a rating of Overweight and set a new price target of $19.00
CIBC upgraded Nuvei Corporation from Neutral to Sector Outperform
Consumers are able to seamlessly convert assets such as cryptocurrencies into fiat fundsMONTREAL and LONDON, July 11, 2024 /CNW/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards. This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard's global network. This off-ramping solution is integrated directly into Nuvei's modular payment p
Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX:NVEI), the Canadian fintech company, is pleased to announce that, at the special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") held on June 18, 2024, Shareholders approved the special resolution (the "Arrangement Resolution") approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc. (the "Purchaser"), a newly-formed entity controlled by Advent International, L.P. Pursuant to the Arrangement, the Purchaser will acquire all of the issued and outstanding subordinate voting share
Combined benefits of the ViaPlus mobility back office alongside Nuvei's global acquiring reach and extensive APM connectivity700+ new types of payments in 150+ currencies available to consumers using ViaPlus systemsNew local solutions in countries served by VINCI Highways: Brazil, Peru and ColombiaEnhanced flexibility for both end-users and transportation agenciesCARROLLTON, Texas and MONTREAL, June 11 2024 /CNW/ -- ViaPlus, a subsidiary of VINCI Highways, and Nuvei Corporation ("Nuvei") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announce a partnership to deliver an enhanced payment experience for consumers when purchasing mobility services.
Nuvei is the first global payments provider to offer Visa Direct to its customers in the country.MONTREAL, June 3, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announces that it has partnered with Visa, a world leader in digital payments, to offer Visa Direct in Colombia. Nuvei is the first global payments provider to offer Visa Direct to its customers in the country.
Shareholders stand to receive a significant and attractive cash premium, as the purchase price of US$34.00 per share represents a 56% premium to the closing price of Subordinate Voting Shares on the last trading day before media reports regarding a potential transaction involving NuveiBoard recommends shareholders vote "FOR" the ArrangementShareholders are encouraged to review the proxy circular carefully and to submit their proxies in advance of the June 14, 2024 at 10:00 a.m. (Eastern time) deadlineFor more information go to www.NuveiPOA.comMONTREAL, May 14, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), announced today that it has filed and is
JP Morgan analyst Reginald Smith downgrades Nuvei (NASDAQ:NVEI) from Overweight to Neutral and raises the price target from $32 to $34.
Nuvei (NASDAQ:NVEI) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.43 by 4.65 percent. The company reported quarterly sales of $335.100 million which beat the analyst consensus estimate of $325.947 million by 2.81 percent. This is a 30.64 percent increase over sales of $256.498 million the same period last year.
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MONTREAL, May 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced the results of its annual meeting of shareholders held on May 24, 2024 (the "Meeting"). Shareholders of the Company voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are presented below. 1. Election of Directors The eight (8) nominees for directors proposed by management of the Company were elected by a majority
Wang will lead Nuvei's technology organization alongside Max Attias, who is appointed Chief Information Officer MONTREAL, May 23, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today the appointment of Gang Wang as Chief Technology Officer, reporting to Nuvei Chair and CEO Philip Fayer. Wang will lead Nuvei's global technology team together with former CTO Max Attias, who has been appointed to the new role of Chief Information Officer. The teams under Wang's and Attias' leadership will partner
MONTREAL, June 09, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces today the appointment of Laura Miller to a newly created role of Chief Revenue Officer and Global Head of eCommerce, reporting directly to Nuvei President Yuval Ziv. An inspirational leader in the financial services industry with a proven track record of delivering success at the highest level, Miller joins Nuvei immediately to spearhead the company's global commercial strategy across many of its key high growth target verticals. Her primary responsibilities will include developing Nuvei's strengthening relationships with the leading
MONTREAL, May 26, 2023 /CNW/ - Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced the results of its annual meeting of shareholders held on May 26, 2023 (the "Meeting"). Shareholders of the Company voted in favour of all items of business put forth at the Meeting by the Company. The complete voting results for each item of business at the Meeting are presented below. 1. Election of Directors The seven (7) nominees for directors proposed by management of the Company were elected by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast for each nominee were as
Montreal, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, announces the appointment of Vicky Bindra as Chief Product and Operations Officer, effective November 14, 2022. In this newly created role reporting to Nuvei Chair and CEO Phil Fayer, Bindra will oversee product development and operations, supporting growth across geographies and verticals. His focus will be on delivering custom-made solutions and supporting processes designed to accelerate revenue for Nuvei's customers. He will be based in San Francisco. Bindra joins Nuvei from his position of Chief Product Officer at FIS where he was responsible for the strategic prod
MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (the "Corporation") (NASDAQ:NVEI) (TSX:NVEI), tomorrow's payment platform, today announced the results of its annual and special meeting of shareholders held on May 27, 2022. 1. Election of Directors The six (6) nominees for directors proposed by management of the Corporation were elected by a majority of the votes cast by the shareholders present or represented by proxy at the meeting. The votes cast for each nominee were as follows: NomineesPercentage of Votes ForPercentage of Votes WithheldPhilip Fayer99.52%0.48%Michael Hanley97.80%2.20%David Lewin96.64%3.36%Daniela Mielke97.87%2.13%Pascal Tremblay97.41%2
MONTREAL, March 25, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), announced today it has appointed financial services and technology veteran Samir Zabaneh to its Board of Directors, effective March 25, 2022. Mr. Zabaneh will also serve on the Company's Audit Committee. Mr. Zabaneh is a seasoned financial and operations executive with years of experience in the global fintech industry, having served in executive leadership roles at First Data Corporation (now Fiserv Inc.), Heartland Payments Systems (now Global Payments Inc.) and Moneris Solutions Corporation. Mr. Zabaneh is currently the CEO and Chair of TouchBistro Inc., an all-in-one po
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Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL, Aug. 6, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024 Compared to 2023: Total volume(a) increased by 22% to $61.7 billion from $50.6 billion;Revenue increased by 13% to $345.5 million from $307.0 million;Net income decreased by 54% to $5.3 mi
MONTREAL, July 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it will release its second quarter 2024 results after market close on August 6, 2024. On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap, and CDPQ for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion.
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL, May 7, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three months ended March 31, 2024. The Company's results are also included in a quarterly shareholder letter which can be found in the "Events and presentations" and "Financial information" sections of the Company's Investor Relations website at https://investors.nuvei.com. Financial Highlig
MONTREAL, April 24, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it will publish its first quarter 2024 results after market close on May 7, 2024. On April 1, 2024, Nuvei announced that it entered into a definitive arrangement agreement to be taken private by Advent International for US$34.00 per share via an all cash transaction, which values the Company at an enterprise value of approximately US$6.3 billion. In light of the announced transaction, Nuvei will not host a conference call
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL, March 5, 2024 /CNW/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three months and year ended December 31, 2023. The Company's results are also included in a quarterly shareholder letter which can be found in the "Events and presentations" and "Financial information" sections of the Company's Investor Relations website at https://investors.nuvei.com. Financial
Nuvei reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL, March 5, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three months and year ended December 31, 2023. The Company's results are also included in a quarterly shareholder letter which can be found in the "Events and presentations" and "Financial information" sections of the Company's Investor Relations website at https://investors.nuvei.com. Fin
MONTREAL, Feb. 21, 2024 /PRNewswire/ -- Nuvei Corporation (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it will publish its fourth quarter and fiscal year 2023 earnings press release and shareholder letter after market close on Tuesday, March 5, 2024. Management will host a conference call and webcast to discuss fourth quarter and fiscal year 2023 financial results at 8:30 am ET on Wednesday, March 6, 2024. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO. The conference call will be webcast live from the Company's investo
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
MONTREAL, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today announced it will release its third quarter 2023 financial results before market open on Wednesday, November 8, 2023. Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day. Hosting the call will be Philip Fayer, Chair and CEO, and David Schwartz, CFO. The conference call will be webcast live from the Company's investor relations website at https://investors.nuvei.com under the "Events & Presentations" section. An on-demand audio replay will be available on the investor relations website following the call. The confer
MONTREAL, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Nuvei Corporation ("Nuvei" or the "Company") (NASDAQ:NVEI) (TSX:NVEI), the Canadian fintech company, today reported its financial results for the three and six months ended June 30, 2023. "Nuvei delivered solid second quarter results with Total volume and revenue increasing 68% and 45%, respectively, as we continued to advance our strategic initiatives and scale our platform. The quarter was notable for the number of new customer wins and growing pipeline across all regions, as well as wallet share expansion opportunities with existing customers, underscoring momentum in the business and laying the foundation for sustainable long-term growth,"