Nuvei, the worldwide fee know-how firm, has agreed to accumulate 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 anticipated to shut in mid-2027 pending shareholder and regulatory approvals, brings collectively Nuvei’s fee acceptance infrastructure with Payoneer’s cross-border payout community spanning 190+ international locations. “The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a worldwide monetary infrastructure chief,” remarked Phil Fayer, Chairman and Chief Govt Officer of Nuvei. “By combining complementary capabilities, we will supply companies a extra full platform to just accept funds, ship funds, subject playing cards, handle treasury and FX wants, and entry embedded monetary companies – at scale.”
The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a worldwide monetary infrastructure chief. By combining complementary capabilities, we will supply companies a extra full platform to just accept funds, ship funds, subject playing cards, handle treasury and FX wants, and entry embedded monetary companies – at scale. – Phil Fayer
Based by Yuval Tal, Ben Yaniv Chechik, and Kai Stalmann in 2005, Payoneer went public on Nasdaq in 2021 by way of 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 Value, New York Angels, Wellington Administration, Viola Ventures, Franklin Templeton, 83North, Nyca Companions, Dragoneer Funding Group, Classic Funding Companions, CBC Capital, Susquehanna Development Fairness, and Loeb.nyc. Payoneer has constructed a worldwide monetary platform empowering tens of millions 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 anticipated to generate roughly $3 billion in annual income and course of greater than $500 billion in annual fee quantity for greater than 2.4 million clients throughout 190+ international locations.
“For 20 years, Payoneer has earned the belief of tens of millions of companies in markets the place belief takes years to construct,” remarked John Caplan, Chief Govt Officer of Payoneer. “Now we have remodeled our enterprise with extraordinary outcomes, and our mixture with Nuvei will lengthen what we will supply clients. Collectively, we’ll attain extra companies, in additional markets, with a extra full platform.”
For 20 years, Payoneer has earned the belief of tens of millions of companies in markets the place belief takes years to construct. Now we have remodeled our enterprise with extraordinary outcomes, and our mixture with Nuvei will lengthen what we will supply clients. Collectively, we’ll 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 complete transaction lifecycle. The mixed entity will deliver collectively Nuvei’s fee acceptance capabilities and Payoneer’s established regulatory footprint — together with licensing for on-line fee companies in mainland China and authorization in precept as a cross-border fee 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.
