MONTREAL and VANCOUVER, British Columbia – December 17, 2020 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces it has entered an agreement with ESE Entertainment (TSXV: ESE) to be the title sponsor of leading esports team K1CK for all of its competitions for the 2021 season, across League of Legends, FIFA, Apex Legends and more. Pursuant to the Agreement, Nuvei has agreed to sponsor ESE’s K1CK esports team for the upcoming 2021 season, including jersey logo placement, inclusion in digital assets and related support, plus providing integration of the Company’s payment processing technology across ESE’s ecommerce and esports channels.
The agreement combines Nuvei’s market leadership and proven best practices in gaming and esports payment solutions, including support for over 450 alternative payment methods and 150 currencies in over 200 global markets, with ESE Entertainment’s wholly owned team K1CK, which has a 20-year track record of esports excellence.
Nuvei continues its expansion into the rapidly growing esports market with its sponsorship of K1CK to provide payment solutions for teams, sponsors, merchants and publishers. According to its recently revised Global eSports Market Report, gaming market analytics company NewZoo forecasts that the industry will generate over $1 billion threshold for the first time in 2021.
“As the esports ecosystem continues to grow, we’re excited to sponsor an iconic team, like K1CK, to provide the best payments experience to fans, merchants, teams and publishers, along with continuing to drive industry support,” said Philip Fayer, Nuvei’s chairman and CEO. “Along with our deep experience in serving the online gaming and regulated sports betting industries internationally, we’re thrilled to join K1CK, given their similar history of excellence.”
“We are excited to begin working alongside a payments leader with the reach and scale of Nuvei, given their growing influence in global esports markets. We share a similar belief that payments in the esports arena is a significant opportunity,” said Konrad Wasiela, CEO of ESE. “Nuvei provides us with a world class transaction platform, a critical piece in further monetizing our esports and gaming assets globally. We also look forward to presenting Nuvei logo placement on our professional esports team jerseys, apparel, and select digital assets in the upcoming year.”
We are Nuvei (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 450 local and alternative payment methods and 150 currencies. Our purpose is to make our world a local marketplace. Learn more at www.nuvei.com.
About ESE Entertainment Inc.
ESE Entertainment is a Europe based entertainment and technology company focused on gaming, particularly on esports. ESE consists of multiple assets and world-class operators in the gaming and esports industries. Capabilities include but are not limited to: physical infrastructure, broadcasting, global distribution for gaming and esports-related content, advertising, sponsorship support, and a growing esport team franchise. ESE is focused on bridging Europe, Asia and North America.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding the Company’s sponsorship agreement with ESE Entertainment Inc. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to those described under “Risk Factors” in Nuvei’s supplemented prep prospectus dated September 16, 2020. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.