Nuvei, the worldwide cost expertise firm, has agreed to amass Payoneer (Nasdaq: PAYO) for $7.40 per share in money, valuing the cross-border funds platform at roughly $2.75 billion. The deal, which is predicted to shut in mid-2027 pending shareholder and regulatory approvals, brings collectively Nuvei’s cost acceptance infrastructure with Payoneer’s cross-border payout community spanning 190+ nations. “The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a world monetary infrastructure chief,” remarked Phil Fayer, Chairman and Chief Government Officer of Nuvei. “By combining complementary capabilities, we are able to provide companies a extra full platform to simply accept funds, ship funds, concern playing cards, handle treasury and FX wants, and entry embedded monetary providers – at scale.”
The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a world monetary infrastructure chief. By combining complementary capabilities, we are able to provide companies a extra full platform to simply accept funds, ship funds, concern playing cards, handle treasury and FX wants, and entry embedded monetary providers – at scale. – Phil Fayer
Based by Yuval Tal, Ben Yaniv Chechik, and Kai Stalmann in 2005, Payoneer went public on Nasdaq in 2021 through a SPAC merger with FTAC Olympus Acquisition Corp. and had raised a complete of $570M in fairness funding, backed by buyers that embody Greylock, Constancy, TCV, T. Rowe Worth, New York Angels, Wellington Administration, Viola Ventures, Franklin Templeton, 83North, Nyca Companions, Dragoneer Funding Group, Classic Funding Companions, CBC Capital, Susquehanna Progress Fairness, and Loeb.nyc. Payoneer has constructed a world monetary platform empowering hundreds of thousands of companies to transact throughout borders, with cross-border payouts, multi-currency accounts, and same-day settlement in additional than 150 markets. Collectively, the mixed firm is predicted to generate roughly $3 billion in annual income and course of greater than $500 billion in annual cost quantity for greater than 2.4 million clients throughout 190+ nations.
“For twenty years, Payoneer has earned the belief of hundreds of thousands of companies in markets the place belief takes years to construct,” remarked John Caplan, Chief Government Officer of Payoneer. “We have now remodeled our enterprise with extraordinary outcomes, and our mixture with Nuvei will lengthen what we are able to provide clients. Collectively, we are going to attain extra companies, in additional markets, with a extra full platform.”
For twenty years, Payoneer has earned the belief of hundreds of thousands of companies in markets the place belief takes years to construct. We have now remodeled our enterprise with extraordinary outcomes, and our mixture with Nuvei will lengthen what we are able to provide clients. Collectively, we are going to attain extra companies, in additional markets, with a extra full platform. – John Caplan
The acquisition comes as companies face rising complexity throughout native and cross-border markets, requiring infrastructure that may assist the total transaction lifecycle. The mixed entity will deliver collectively Nuvei’s cost acceptance capabilities and Payoneer’s established regulatory footprint — together with licensing for on-line cost providers in mainland China and authorization in precept as a cross-border cost aggregator in India — positioning the pair to serve main digital commerce platforms together with Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce. The transaction additionally strengthens capabilities in rising monetary fashions, together with agentic commerce and stablecoin funds.