Samuel Igbinadolor, Head of Marketplaces and Platforms Partnerships

Reconciliation management

issuing

Discover Nuvei's seamless issuing payment solutions, including customizable physical and virtual cards, unified acquiring and issuing, and data-driven insights.

Drive smarter decisions with Nuvei's Analytics Dashboard. Access holistic payment data and detailed transaction insights on a single platform for improved business outcomes.

Boost your business with Nuvei's real-time payments. Experience seamless, instant transaction processing to enhance cash flow and stay compliant with secure payment solutions.

Experience cost-efficient, reliable, and fast bank transfers with Nuvei. Streamline your payment processing, elevate customer satisfaction, and boost conversion rates globally.

reconciliation-management

Streamline your financial processes with Nuvei's Reconciliation Management. Automate and manage payment reconciliation effortlessly for improved accuracy and efficiency.

Payment orchestration

payment-orchestration

Master your payment operations with Nuvei's Payment Orchestration. Streamline and manage complex payment flows with our comprehensive tools for maximum control and insight.

Crypto & digital assets

crypto-digital-assets

Streamline your Web3 business with Nuvei's painless fiat-crypto conversion. Partner with us for seamless blockchain payment technologies and infrastructure to drive your crypto success.

Elevate the buying experience with Nuvei's embedded financial services. Discover seamless integration today and transform your revenue streams.

Chargeback resolution

chargeback-resolution

Mitigate chargeback risks with Nuvei's effective resolution services. Streamline dispute processes, reduce fraudulent claims, and protect your revenue with our advanced tools.

Facilitate global commerce with Nuvei's Currency Management. Simplify FX transactions, enhance payment flexibility, and offer customers native currency options for improved satisfaction.

Fraud & risk management

Authorization optimization

fraud-risk-management

Protect your business with Nuvei's Fraud & Risk Management solutions. Minimize threats and secure data while maintaining a smooth customer experience.

authorization-optimization

oost your transaction approval rates with Nuvei's Authorization Optimization. Benefit from advanced analytics and tailored strategies to enhance payment success and revenue.

Nuvei offers tailored payment solutions for hospitality businesses, streamlining transactions for an elevated customer experience. Discover how our flexible, secure and easy-to-use systems can enhance your venue’s payment flow.

Boost customer satisfaction and operational efficiency with Nuvei's tailored automotive payment solutions. Enjoy seamless DMS integrations, multiple payment options, advanced fraud protection, and 24/7 support to elevate your business and focus on delivering exceptional service.

Simplify and elevate your grocery operations with Nuvei’s integrated payment solutions. Deliver fast, secure, and flexible payment experiences that build customer loyalty and keep your business thriving.

Independent software vendors

independent-software-vendors

Boost your software with Nuvei: Seamless integration, top security, diverse payments. Elevate your ISV platform today.

Crypto platforms & exchanges

crypto-platforms-exchanges

Discover the future of cryptocurrency transactions with Nuvei's scalable blockchain solutions. Access global payment ecosystems, enjoy seamless fiat-to-crypto exchanges, and benefit from full fraud protection. Ideal for platforms and exchanges seeking efficiency, compliance, and extended market reach.

Small & medium sized businesses

small-medium-sized-businesses

Empower your SMB with Nuvei's tailored payment solutions. Enjoy flexible, secure payment processing, innovative POS hardware, and 24/7 support to enhance your customer experience and growth.

Simplify public sector payments with Nuvei's Government Suite. Ensure secure, efficient, and flexible payment processing for all government and municipal services.

Discover leading B2B payment solutions that enhance efficiency. Elevate your AP and AR business operations today for seamless financial management.

Boost your travel business with Nuvei. Experience seamless, secure payments worldwide. Transform customer interactions now.

Transform your financial services with Nuvei's cutting-edge payment solutions. Experience enhanced security, compliance, and efficiency. Discover how we can help streamline your operations and elevate customer trust.

Unlock the full potential of your gaming platform with Nuvei's specialized payment solutions for the Online Gaming industry. Ensure seamless, secure transactions and enhance player satisfaction.

Upgrade your gaming business with Nuvei. Achieve better acceptance rates and global reach. Enhance player joy today.

Elevate your online store with Nuvei. Offer 700 payment methods and boost global sales. Start optimizing today.

Digital content & subscriptions

digital-content-subscriptions

Enhance digital content revenue with Nuvei's payment solutions. Perfect for subscriptions, offering seamless billing, global market access, and secure transaction processing.

Revolutionize your marketplace with Nuvei. Ensure secure, smooth transactions and expand globally. Discover how now.

Limonetik Selects Nuvei to Enhance Marketplace Payment Capabilities

limonetik-selects-nuvei-to-enhance-marketplace-payment-capabilities

Limonetik will leverage Nuvei’s European acquiring services and plans to incorporate international acquiring as part of its global expansion

MONTREAL and PARIS, September 30, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today an agreement with Limonetik, a global leader in payment and marketplace solutions. The move will enable Limonetik to enhance its marketplace payment services offering in Europe, as the company looks to embark on its international expansion strategy.

Through this collaboration, Limonetik will leverage Nuvei’s European acquiring services and plans to incorporate international acquiring as part of its global expansion. This enables its wide portfolio of marketplace platform clients to accept an even broader range of payments, while taking advantage of Nuvei’s powerful authorization optimization features to enhance acceptance rates.

Limonetik’s marketplace clients will benefit from Nuvei’s single integration payment facilitation model. This will provide vendors selling on the marketplaces with simple to use and end-to-end payment services in the EU and the UK, with an expansion to the U.S. in the future. This will create a better and more frictionless user experience for buyers and vendors.

Limonetik, one of the earliest developers of marketplace payment solutions, addresses the increasingly complex payment requirements for multichannel retailers, marketplaces, gig and shared economy platforms. The company has done this through its modular approach to building solutions for their clients, with interchangeable components dependent on their clients’ needs.

“Limonetik and Nuvei share the same dedication to providing innovative solutions that ensure customer satisfaction,” said Philip Fayer, Nuvei’s Chair and CEO. “Nuvei is well-positioned to address the complex payment requirements for merchants in the rapidly growing marketplace space. Our ultimate goal is to offer the best possible payment solutions for their unique needs.”

“The real winners in our association with Nuvei will be the end customers,” said Christophe Bourbier, CEO and co-founder of Limonetik. “By enabling marketplaces with easy and relevant payment solutions, we help to facilitate a broad choice of products and services available to consumers via a range of platforms, to simplify their payment journey. This ultimately leads to happier consumers around the globe, and further growth and success for both Nuvei and Limonetik.”

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

About Limonetik

‍Limonetik is driving the transformation into the new world of payment for merchants and marketplaces. Limonetik’s payments method platform supports over 285 local and alternative payment methods, such as mobile wallets, payment by instalments, and gift cards, in 70 countries. With its end-to-end service, as well as custom solutions, and alongside their network partners, Limonetik’s solution eases the complexity of settlements and compliance for businesses. The company is headquartered in Paris, with 50 people and is trusted by over 14,000 merchants, marketplaces and fintech players. In July 2021, Thunes announced the acquisition of Limonetik, to complement the existing Thunes Cross-Border Payments solutions. The new solution will be known as Thunes Collections.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Announces Initial Public Offering in the United States

nuvei-announces-initial-public-offering-in-the-united-states

Nuvei applies to list its subordinate voting shares on the Nasdaq

Montréal, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the launch of a marketed offering of 1,500,000 subordinate voting shares of the Company in the United States and Canada, representing Nuvei’s initial public offering in the United States (the “Offering”).

In connection with the Offering, Nuvei has applied to list its subordinate voting shares on Nasdaq Global Select Market (the “Nasdaq”) under the symbol “NVEI”. Trading in Nuvei’s subordinate voting shares is expected to commence on the Nasdaq following the pricing of the Offering. Assuming the completion of the Offering, Nuvei expects to apply to have its subordinate voting shares trading on the Toronto Stock Exchange (the “TSX”) in U.S. dollars under the symbol “NVEI.U” delisted on the second day following the closing of the Offering. Nuvei’s subordinate voting shares will continue to trade on the TSX in Canadian dollars under the symbol “NVEI”.

Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets will act as bookrunners for a syndicate of underwriters (collectively, the “Underwriters”). The Offering will be priced in the context of the market; the issue price per subordinate voting share and size of the Offering will be determined when Nuvei enters into an underwriting agreement for the Offering.

Nuvei expects to use the net proceeds from the Offering primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies. Closing of the Offering will be subject to a number of customary conditions, including the entering into of a definitive underwriting agreement, the listing of the subordinate voting shares issued by the Company on the Nasdaq and the TSX, and any required approvals of the Nasdaq and the TSX.

Nuvei has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments, if any.

In connection with the Offering, Nuvei has filed a preliminary prospectus supplement to its amended and restated short form base shelf prospectus dated May 20, 2021. The preliminary prospectus supplement was filed with the securities regulatory authorities in each of the provinces and territories of Canada as well as with the U.S. Securities and Exchange Commission (the “SEC”) as part of a registration statement on Form F-10 under the U.S./Canada multijurisdictional disclosure system.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective.

The Offering will be made in Canada only by means of the amended and restated base shelf prospectus and prospectus supplement and in the United States only by means of the registration statement, including the amended and restated base shelf prospectus and prospectus supplement. Such documents contain important information about the Offering. A copy of the preliminary prospectus supplement and of the prospectus supplement will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the registration statement is available on EDGAR at www.sec.gov. Copies of the prospectus supplements and the registration statement, when available, may also be obtained from any of the following sources: Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282-2198, Attention: Prospectus Department (866-471-2526); Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: 1-800-221-1037 or by email at usa.prospectus@credit-suisse.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866) 803-9204, email: prospectus-eq_fi@jpmchase.com; in the United States from BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd St, New York, NY 10036, or by telephone at 1-800-414-3627 or by email at bmoprospectus@bmo.com and in Canada from BMO Capital Markets, Attention: Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, or by telephone at 1-905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca; and in the United States from RBC Capital Markets LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, phone: 877-822-4089, Email: equityprospectus@rbccm.com and in Canada from RBC Dominion Securities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, Attention: Distribution Centre, or via telephone: 1-416-842-5349, or via email at Distribution.RBCDS@rbccm.com. Prospective investors should read the prospectus supplements and registration statement before making an investment decision.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

ABOUT NUVEI

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and by the United States Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Offering and its terms, the use of proceeds of the Offering, the listing of Nuvei’s shares on the Nasdaq and the proposed delisting of Nuvei’s subordinate voting shares trading on the TSX in U.S. dollars under the symbol “NVEI.U”. This forward-looking information is identified by the use of terms and phrases such as “may”, “might”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “to its knowledge”, “could”, “design”, “forecast”, “goal”, “hope”, “intend”, “likely”, “predict”, “project”, “seek”, “should”, “target”, “will”, “would” or “continue”, and the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. 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 the “Risks Factors” sections of the Company’s annual information form filed on March 17, 2021 and the preliminary prospectus supplement filed on October 4, 2021. 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.

For further information, please contact:

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Holland Casino Selects Nuvei to Support the Launch of iGaming in the Netherlands

holland-casino-selects-nuvei-to-support-the-launch-of-igaming-in-the-netherlands

Holland Casino has chosen Nuvei to power the launch of the first online casino in the Netherlands

MONTREAL and AMSTERDAM, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that Holland Casino has chosen Nuvei to power the launch of the first online casino in the Netherlands. The Company will provide custom solutions for player acquisition, verification, and payment provided through one integration. The casino is owned by the state of the Netherlands and selected Nuvei due to its extensive experience with leading iGaming operators internationally, its track record in supporting businesses in complex markets outside of EU legislations, and its unrivalled experience in fraud prevention and anti-money laundering.

Holland Casino operates 14 sites across the country, and launching of its online presence is made possible by the implementation of the Remote Gambling Act in the Netherlands on April 1, 2021. Analysts predict iGaming in the Netherlands to be one of the most explosive growth markets in the world, with a report by Online Casino Ground foreseeing the new online gambling market as “set to become one of Europe’s biggest.” This is backed up by a recent report by the Dutch Gaming Authority demonstrating that in 2024, the Dutch market can expect a gross gaming revenue of approximately €800 million.

Holland Casino will offer sports betting, online casino, live casino, poker, and in the near future bingo products to its players. Supporting this will be Nuvei’s custom solutions for player verification and authentication algorithms and mechanisms that create frictionless compliance with the stringent player regulations in place in the region. Nuvei will also provide a seamless payment experience through its Cashier, enabling smooth deposits and withdrawals while complying with the Netherlands’ rigorous anti-money laundering laws and the EU’s revised strong customer authentication (SCA) requirements as part of the Payment Services Directive (PSD2). Nuvei is an iDEAL acquiring partner – an ecommerce payment system of choice in the Netherlands – which will be one of many payment methods available to Holland Casino players, giving them the choice to pay with their preferred method.

“Nuvei was a clear choice for us,” said Jeroen Verkroost, Digital Transformation Director of Holland Casino. “Their team’s track record in supporting businesses in new and complex markets with regulatory considerations is unparalleled. Particularly important for us was their experience in the iGaming sector with a nuanced understanding of fraud prevention and anti-money laundering capabilities. We have been impressed by the single-integration setup of the system and the speed of their delivery.”

“The team and I are excited to be a part of the Netherlands’ first casino with an online presence,” said Philip Fayer, Nuvei’s Chair and CEO. “The partnership also marks our first entrance into online gaming in the country, and we’re thrilled to be doing it with such an industry leading brand. The regulatory ecosystem is both complex and robust, and our team has the expertise, technical know-how, and experience to navigate it without compromising on the user experience for Holland Casino players.”

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide, with local acquiring in 45 markets. With support for over 500 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

About Holland Casino

Holland Casino offers its guests the enjoyment of safe and responsible gaming and an exceptional experience. We offer a unique and inviting combination of high-level gaming, entertainment and hospitality. Every year, some six million guests visit our fourteen casinos spread across the Netherlands. Holland Casino was founded almost 45 years ago, to meet a societal need for legal gaming as an attractive and reliable alternative for illegal gaming. You can see this social role in everything we do, and in who we are: engaged, reliable, surprising and friendly.

Nuvei is the Odds-on Favorite Payment Technology Partner for Major iGaming Players in the United States

nuvei-is-the-odds-on-favorite-payment-technology-partner-for-major-igaming-players-in-the-united-states

Nuvei has recently announced a number of high-profile U.S. iGaming partnerships, including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and now gaming giant BetMGM

MONTREAL, October 4, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has recently announced a number of high-profile U.S. iGaming partnerships, including 888 and SI Sportsbook, Carousel Group, Triplebet/Matchbet, PrizePicks, and now gaming giant BetMGM.

As well as connections to the wider range of gaming platforms, since launching in the region last year, these operators have chosen Nuvei to provide a seamless payment experience to their millions of players in the region. Nuvei has been selected time and again due to its deep roots with leading iGaming operators internationally, as well as its extensive capabilities and knowledge in the rapidly growing U.S. market.

Since entering the U.S. market at the end of 2020, some of the biggest operators in American iGaming have selected Nuvei to accelerate their growth plans, reduce complexity, and introduce payment innovations to millions of American players. Nuvei’s innovative and compliant technology is licensed in all regulated U.S. states and will support operators’ expansion across any regulated jurisdiction.

American operators can now leverage Nuvei’s advanced technology to ensure high transaction success rates. Via smart routing, each transaction is directed with the greatest chance of approval. The Company’s clients can benefit from its extensive portfolio of relevant payment methods, including cards, ACH and alternative payments. What’s more, gaming operators can utilize a variety of other payment services offered by Nuvei, including payment orchestration, gateway, instant deposits and a full range of real-time withdrawals among card, ACH and digital wallets, along with net deposits. The aim is to enable a faster, more secure and convenient payment experience for all players.

“Our number of recent U.S. iGaming partnerships, including Sports Illustrated, BetMGM and Carousel Group, further underpins our expertise and technological capabilities in the iGaming industry,” said Philip Fayer, Nuvei’s Chair and CEO. “Our prominent position in the iGaming and sports betting industry is the result of our ongoing commitment to providing the best technology to our clients and provide the best service to their customers. These partnerships reinforce our ambition to continue to strengthen our presence and influence in the U.S. iGaming market.”

Nuvei’s Cashier, for instance, simplifies how sports betting operators process payments and facilitates entry into new regulated markets via its integrated compliance technology. American operators can also choose from an array of additional services offered by Nuvei à la carte, including real-time fraud detection, risk management and instant payouts.

Nuvei continues to solidify its position as the payment technology partner of choice for fantasy sports, iGaming and sports betting brands across the U.S., in approved and regulated states.

About Nuvei

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Strengthens Executive Leadership with Technology Industry Veterans

nuvei-strengthens-executive-leadership-with-technology-industry-veterans

Nuvei announces the appointments of Max Attias as Group Chief Technology Officer, fintech industry veteran Guillaume Conteville as Chief Marketing Officer and transformational human resources leader Nikki Zinman as Chief People Officer

MONTREAL, October 1, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the appointments of Max Attias as Group Chief Technology Officer, fintech industry veteran Guillaume Conteville as Chief Marketing Officer and transformational human resources leader Nikki Zinman as Chief People Officer.

Attias is promoted from Nuvei’s Chief Operating Officer to Group CTO, where he will assume the overall responsibility for the Company’s global information technology infrastructure. He has been in IT leadership positions for over 20 years and has a demonstrated history in the financial services industry. Deeply skilled in IT management and having strong operational capabilities, Attias will further accelerate Nuvei’s technological innovation on a global scale.

Attias takes over from Keith Birdsong, who is retiring effective October 1, 2021, after serving as Nuvei’s CTO for over 11 years. Under his guidance, Birdsong led the company’s technology teams through countless product innovations, and numerous high-profile integrations, implementations and acquisitions.

Conteville has joined Nuvei as Chief Marketing Officer where he will focus on expanding the Company’s brand awareness to further stimulate growth. He has over 15 years of direct marketing-related experience in the payments industry, including spending 11 years at Mastercard, most recently as their Senior Vice President, Global Head of Digital Marketing. Prior to Mastercard, Conteville has also worked on the agency side as account lead for marquee financial services clients including Visa, Citibank, and Saxo Bank, leading digital media efforts internationally.

As Nuvei’s Chief People Officer, Zinman will develop and lead the execution of the Company’s human resources strategy, supporting global corporate plans and business objectives. She brings over 15 years of experience building and supporting high performance teams in entrepreneurial, mid-size and large corporate environments focused on technology and financial services. Zinman joins Nuvei from Pearson, a global learning company with more than 20,000 employees operating in nearly 200 countries, where she served as a member of the executive team as Senior Vice President, Human Resources. She has supported the HR function in various multinational technology powerhouses, including Dell and Oracle.

“I am thrilled to announce our new executive level appointments, further bolstering our line-up of talented c-suite veterans,” said Philip Fayer, Nuvei’s Chair and CEO. “I would like to thank Keith for his illustrious tenure as Nuvei’s CTO. Max is a proven technology executive and we’re excited to have him expand his leadership role. Guillaume’s significant track record in both strategic and creative marketing programs will be a boon to our brand awareness initiatives. And we’re very much looking forward to Nikki driving our people strategy, fostering our culture in which our global teams will continue to thrive.”

About Nuvei

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Announces Partnership with 888 Holdings, Enables Payments for SI Sportsbook

nuvei-announces-partnership-with-888-holdings-enables-payments-for-si-sportsbook

Nuvei's platform will power payments for SI Sportsbook, the newly launched online sports betting and iGaming operation in the United States, formed by a partnership of the iconic Sports Illustrated brand and powerful technology of 888 Holdings

MONTREAL and DENVER, September 22, 2021 – Nuvei Corporation (TSX: NVEI and NVEI.U) announced today that it has partnered with 888 Holdings Plc (LSE: 888) (“888”), one of the world’s leading online betting and gaming companies, to provide its Instant Bank Transfer payment solution to the newly launched SI Sportsbook, Sports Illustrated’s first venture into online sports betting and iGaming in the United States.

888 partnered with Authentic Brands Group (“ABG”), the owner of the Sports Illustrated (“SI”) brand, to launch SI Sportsbook, a sports betting platform that integrates with the sports news, analysis, and betting information of SI. Nuvei’s Instant Bank Transfer technology will be powering consumer deposits on the platform, providing seamless, real-time bank account funding. With an initial debut in Colorado, SI Sportsbook is expected to launch in Indiana, Iowa and New Jersey at a later date, with further states to follow in the coming years.

SI Sportsbook consumers will now have access to approximately 11,000 financial institutions in the United States through Nuvei’s platform integration with Plaid. Consumer transactions are fully authenticated through Plaid’s user-initiated bank account verification and undergo sophisticated risk management checks by Nuvei. Nuvei’s proprietary platform also adds conversion-boosting features including one-click deposits for returning players.

“Providing customers with the most convenient, secure, and fast payment experience is at the core of what Nuvei does,” said Philip Fayer, Nuvei’s Chair and CEO. “We are excited to partner with 888 to provide an iconic brand such as Sports Illustrated the ability to launch strong into the U.S. sports betting and iGaming market, improving its player acquisition strategy through our best-in-class user experience, state-of-the-art risk management and instant payments.”

“Following the announcement of our strategic partnership with Sports Illustrated, we are thrilled to offer Nuvei’s innovative services to sportsbook fans,” said Yaniv Sherman, SVP Head of US at 888. “With high-growth opportunities across the U.S., it’s important for us to deliver a first-class betting and gaming experience which includes a diverse suite of payment options. Partnering with Nuvei enables us to enhance the player experience and further the position of SI Sportsbook as a cutting-edge platform in the market.”

About Nuvei

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

About 888 Holdings Plc

888 Holdings plc (and together with its subsidiaries, “888” or the “Group“) is one of the world’s leading online betting and gaming companies. 888’s mission is to develop state-of-the-art technology and products that provide fun, fair and safe digital gambling products to players globally. Safer gambling is a core focus for the Group and, at the beginning of 2020, 888 launched its ‘Safer. Better. Together’ safer gambling strategy and commitments.

888 has been at the forefront of the online gaming industry since its foundation in 1997, leveraging its proprietary technology to provide players and B2B partners an innovative and world-class online gaming experience.

In 2020, the company was proud to be recognised at the 2020 Gaming Intelligence awards as the winner in the Casino Operator of the Year category. In 2020, 888 also won two prestigious awards for its poker platform at the 2020 Poker Listings Operator Awards in the Most Improved Software and Best Beginner Software categories.

The Group is structured into two lines of business: B2C, under the 888 brands, and B2B, conducted through Dragonfish, which provides partners a leading platform through which to establish an online gaming presence and monetise their own brands in a safe and responsible manner.

888’s consumer facing websites offer more than just online betting and gaming. They are entertainment destinations: places where people can enjoy a truly interactive experience and be part of an online community that shares common interests. 888’s strong and trusted brands are all accessible through www.888.com.

Find out more about 888 at https://corporate.888.com/.

About Sports Illustrated

Sports Illustrated (SI) is an unparalleled and influential leader recognized for shaping modern culture and uniting athletes, teams, and fans worldwide. SI’s award-winning media enterprise brings powerful storytelling to life across platforms ranging from Emmy-winning video to the monthly print magazine with a 60-year heritage. Get in-depth features, probing profiles, and iconic and beloved photography from top sportswriters in the game at SI.com. Sports Illustrated also shares its unique and authentic perspective year-round through marquee events, immersive activations, long-form television, film, and audio content as well as select lifestyle products. Brand extensions include Sports Illustrated Swimsuit, which continues to set the cultural tone and evoke discussion about what defines beauty on a global scale, and Sports Illustrated Kids, a destination that connects kids ages eight and up through their passion for sports.

Nuvei Expands Payout Options for U.S. iGaming Operators with Verified Withdrawals

nuvei-expands-payout-options-for-u-s-igaming-operators-with-verified-withdrawals

Players can now authenticate their bank account on withdrawals using Plaid, making instant withdrawals available to net new consumers

MONTREAL, September 23, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced another enhancement to its suite of payout solutions, this time for U.S. regulated online sports betting and iGaming markets. Consumers can now verify their bank account through Plaid on withdrawals–not only deposits. The Company’s new Verified Withdrawals product gives all players the advantage of instant withdrawals, regardless of what method they used to deposit the funds.

Verified, instant withdrawals offer an enhanced user experience and are available to operators through Nuvei’s Instant Bank Transfer technology. The Company was the first in the North American market to offer real-time payments in sports wagering and iGaming through its acquisition of Mazooma in August.

Through one partnership and integration, gaming operators benefit from simple, flexible and secure payout options, with the ability to fund consumers’ payment cards, eWallets and bank accounts instantly and seamlessly. Nuvei’s robust suite of payout options now include real time payments (RTP) for accelerated withdrawals, ACH payments, account to account transfers, and Mastercard Send, all enabling rapid disbursement of winnings for higher player satisfaction and greater retention.

“Consumers value choice. With our enhanced suite of payout options that now includes Verified Withdrawals, even if a player deposits using another payment method, they can still enjoy the best withdrawal experience and receive their winnings in their bank account within seconds,” said Philip Fayer, Nuvei’s Chair and CEO. “Our goal is to offer the best payment experience in the industry, delivering a seamless customer journey from deposit to withdrawal, through one single integrated platform.”

Verified Withdrawals’ functionality automatically matches players to their bank account information, reducing manual reconciliation, and saves operators both time and money. Plus, the bank account verification with Know Your Customer (KYC) checks happens before the withdrawal payment, giving operators the flexibility to review transactions for best risk management practices.

About Nuvei

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Completes Acquisition of Simplex

nuvei-completes-acquisition-of-simplex

Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals

MONTREAL, September 1, 2021 – Nuvei Corporation (“Nuvei” and “the Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the completion of the previously announced acquisition of SimplexCC Ltd. (“Simplex”).

Simplex, through its proprietary fraud and risk management tools which are backed by proven artificial intelligence (AI) technology, is a leading fiat-cryptocurrency gateway connecting market participants, including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell (i.e. on-ramp/off-ramp capabilities) digital assets including 45+ cryptocurrencies, non-fungible tokens (“NFTs”), and currently supports over 50 fiat currencies. Simplex provides fraudless payment acceptance to its customers, resulting in higher conversion rates and better liquidity simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance (DeFi) providers. Importantly, Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals, similarly introducing all of Nuvei’s product solutions and capabilities to Simplex’s customers.

About Nuvei

For more information, visit www.nuvei.com.

Contact:

‍Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Nuvei Acquires Paymentez, Continues Latin American Market Expansion

nuvei-acquires-paymentez-continues-latin-american-market-expansion

Paymentez provides a breadth of payment solutions to merchants and financial institutions throughout Latin America

MONTREAL, September 7, 2021 – Nuvei Corporation (“Nuvei” and “the Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the acquisition of Paymentez LLC (“Paymentez”), a leading payment solution provider in Latin America.

Founded in 2011, Paymentez provides a breadth of payment solutions to merchants and financial institutions, including gateway, white-labeling, card acquiring and prepaid card options. Paymentez supports high-growth eCommerce verticals including online games, delivery platforms, mobility, transportation, sports, as well as other segments throughout Latin America.

Paymentez provides direct connectivity in eleven countries with local acquiring in nine countries (Mexico, Ecuador, Venezuela, Colombia, Brazil, Peru, Argentina, Uruguay and Chile), supports more than 80 local and alternative payment methods, including bank transfer, wallets, instant payment networks and the most relevant cash networks to provide a comprehensive local payment platform for more than 4,000 merchants in the region.

Customers include Rappi, one of the region’s fastest growing consumer technology companies specializing in online delivery services; DirecTV, an American direct broadcast satellite service provider; General Motors, the automotive multinational corporation; amongst many others. Paymentez also offers its platform as a service to acquirers and banks, such as Redeban, Davivienda and others, helping them to serve their customers looking for a platform to process online payments, eliminating the complexity and improving their competitiveness.

With offices in Sao Paulo, Buenos Aires, Bogota, Guayaquil and Mexico City, Paymentez currently has 46 employees and is growing rapidly. As part of the acquisition, Paymentez CEO and cofounder, Juan F. Franco joins Nuvei as General Manager, Latin America (LATAM), responsible for leading the Company’s commercial and operational expansion in the region.

“Paymentez further increases our total addressable market by significantly expanding and strengthening our presence in Latin America, along with enhancing our regional processing capabilities, enabling us to support even more local payment methods,” said Philip Fayer, Nuvei’s Chair and CEO. “Online commerce in Latin America is growing at an unprecedented rate, representing one of the fastest growing markets in the world. The acquisition ensures that we’re well positioned with the technology and expertise for the market to service new customers as well as broaden our capabilities and deepen our relationships with our existing global customers.”

“I am excited about the next chapter for Paymentez. Our presence, experience, connectivity and knowledge in Latin America, combined with the technology, explosive growth and leadership of Nuvei creates a leading payment platform in the region. Our customers will have a world class platform with the best connectivity and support in the Region. The future is very exciting,” said Juan F. Franco, newly appointed General Manager, LATAM for Nuvei.

About Nuvei

For more information, visit www.nuvei.com.

Contact:

‍Investors
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Nuvei Powers Sports Betting Payments for Carousel Group in the United States

nuvei-powers-sports-betting-payments-for-carousel-group-in-the-united-states

Nuvei enables payments for Carousel Group’s SportsBetting.com web and mobile app, and will support future U.S. expansion initiatives

MONTREAL and DENVER, August 17, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announces an agreement with Carousel Group, a rapidly-growing privately-held licensed sports betting and casino operator. Through the agreement, Nuvei is powering payment transactions for Carousel Group’s flagship brand, SportsBetting.com. Launching initially in Colorado, the Company will support Carousel Group’s expansion across the U.S., as it plans to make its online sportsbook available in additional regulated markets, including Iowa, Indiana and New Jersey.

SportsBetting.com integrates Nuvei’s payment technology, benefiting from built-in compliance and fraud prevention, one-click payments, and real-time user payouts. Nuvei’s wide-ranging alternative payment methods (APMs) and support for multiple bank sponsors offers even greater payment processing flexibility. Nuvei will also provide the required expertise and innovative payment solutions for the upcoming launch of MaximBet, a strategic partnership between Carousel Group and media brand Maxim, offering a multi-platform online destination for sports and casino fans.

“We are excited to be providing Carousel Group with secure and reliable payments as we continue to grow our footprint into U.S. iGaming and sports betting. As our first pilot merchant in the U.S. regulated gaming space, we worked together closely shortly after having received state vendor approval last summer to successfully launch into the Colorado market,” said Philip Fayer, Nuvei’s Chair and CEO. “Since then, not only have we expanded our payment capabilities and portfolio of APMs, but through our recent acquisition of Mazooma, we are adding exclusive product functionality, vendor registration and infrastructure to address operator requirements in any regulated U.S. state.”

“We are always looking to provide the best customer experience for our users, so partnering with Nuvei as our payment technology provider enables us to enhance the experience on our Sportsbetting.com platform, further helping position Carousel Group and our brands as leaders within the gaming industry,” said Phillip Wilson, Chief Operating Officer of Carousel Group. “Having a diverse set of payment methods is critical for success in the booming regulated U.S. market and Nuvei’s technology allows us to integrate all the key providers.”

Nuvei’s Cashier simplifies how sports betting operators process payments and facilitates entry into new regulated markets via its proprietary compliance technology. Carousel Group can now choose from an array of additional services offered by Nuvei à la carte, including real-time fraud detection, risk management and instant payouts. Through a single integrated platform, Nuvei aims to maximize Carousel Group’s revenue, while creating a seamless payment journey for players on SportsBetting.com and beyond.

Nuvei continues its push as the payment technology partner of choice for regulated iGaming and sports betting brands across the U.S.

About Carousel Group

Carousel Group (www.carouselgroup.net) is a rapidly growing holding company, established in 2017, with the mission to build a global sports betting and iGaming empire in the regulated online gambling space. Formed by top executives with more than 100 years of collective experience in the gaming industry, Carousel Group utilizes proprietary technology to offer sharp odds, high limits and a customer-first experience. The company’s core values are to grow investment capital, provide job security and long-term careers for its employees while also creating a positive impact on the industry by respecting and nurturing regulation, promoting responsible gaming and practicing corporate social responsibilities. This summer, Carousel Group will launch MaximBet, offering a multi-platform destination that aims to enhance the online gaming experience for fans across sports and casino.

About Nuvei

Forward Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Carousel Group’s sports betting operations and expansion into additional markets. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. 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.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Announces Second Quarter 2021 Results

nuvei-announces-second-quarter-2021-results

Nuvei Corporation (TSX: NVEI and NVEI.U), today reported its financial results for the second quarter ended June 30, 2021

MONTREAL, August 10, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today reported its financial results for the second quarter ended June 30, 2021.

“Our revenue and Adjusted EBITDA⁽¹⁾ results for the second quarter of 2021 exceeded the financial outlook previously provided, underscoring the strength and momentum in our business,” said Philip Fayer, Nuvei’s Chair and CEO. “We achieved total volume⁽²⁾, revenue, and Adjusted EBITDA⁽¹⁾ growth of 146%, 114%, and 112%, respectively, over the second quarter of 2020, as we continue advancing our strategic initiatives, expanding global connectivity and market opportunity, delivering full-stack leading edge payment technology solutions to help our merchants connect with their customers by making the world a local marketplace. Our accelerated investments in product, innovation, distribution and talent are driving performance and laying the foundation for sustainable growth. We are proud of our results and are consequently raising our financial outlook for the full year 2021 and providing medium and long-term growth targets.”

Financial Highlights for the Three Months Ended June 30, 2021

Total volume⁽²⁾ increased 146% to $21.9 billion from $8.9 billion
eCommerce represented approximately 84% of total volume
Revenue increased 114% to $178.2 million from $83.3 million
Net income was $38.9 million compared to net income of $14.0 million
Adjusted EBITDA⁽¹⁾ increased 112% to $79.4 million from $37.4 million
Adjusted net income⁽¹⁾ was $64.5 million compared to $16.3 million
Net income per diluted share of $0.26 compared to $0.15
Adjusted net income⁽¹⁾ per diluted share of $0.44 compared to $0.18
Cash of $533.7 million at June 30, 2021 compared to $180.7 million at December 31, 2020

Financial Highlights for the Six Months Ended June 30, 2021

Total volume⁽²⁾ increased 139% to $42.5 billion from $17.8 billion
eCommerce represented approximately 86% of total volume
Revenue increased 97% to $328.7 million from $166.6 million
Net income was $66.7 million compared to a net loss of $48.4 million
Adjusted EBITDA⁽¹⁾ increased 105% to $144.8 million from $70.7 million
Adjusted net income⁽¹⁾ was $115.7 million compared to $26.0 million
Net income per diluted share of $0.45 compared to a net loss per share of $0.58
Adjusted net income⁽¹⁾ per diluted share of $0.79 compared to $0.29
Cash flow from operating activities of $139.0 million increased from $32.8 million

Operational Highlights

Total volume⁽²⁾ in the quarter increased triple-digits in all four regions with North America up 160%, Europe, the Middle East and Africa (EMEA) up 135%, Asia-Pacific (APAC) up 110%, and Latin America (LATAM) up 105%.
Volume growth from current customers and the acceleration of new client wins drove Nuvei’s second quarter performance. Total volume⁽²⁾ from new business increased 114% in the six months period ended June 30, 2021 over the same prior year period, largely as a result of the Company’s ongoing investment in and expansion of its direct distribution channel.
Nuvei completed its previously announced acquisition of Mazooma Technical Services Inc. (“Mazooma”), on August 3, 2021. The acquisition enhances and expands Nuvei’s portfolio of North American payment options with instant bank-to-bank payments for pay-ins and payouts and real time payments (“RTP”) for accelerated withdrawals, allowing customers to receive payouts immediately into their bank accounts 24/7/365. Nuvei will now offer Mazooma as an increasingly popular and accepted payment method to its merchant customer base across all industry verticals.
Nuvei extended its card acquiring capabilities and global payment solutions to now include coverage connecting merchants to 204 markets, providing local acquiring in 45 markets, and offering 480 alternative payment methods (APMs) as well as 40 cryptocurrencies, and supporting nearly 150 currencies.
The Company launched several meaningful product innovations in the quarter including the addition of Discover and Diners Club International processing and acquiring, expanding our customers’ acceptance offerings; an enhanced version of our checkout SDK, which gives our customer’s unparalleled customization to facilitate their own customer checkout experience; and, the introduction of instant payment through RTP for accelerated withdrawals.
Nuvei was recently certified as an official payment solutions provider for Salesforce Commerce Cloud, providing a comprehensive suite of payment features for eCommerce merchants, offering easy setup and customization for an optimized customer experience.
The Company has accelerated its investment in product, innovation, distribution and talent and is looking to expand headcount by approximately 200 employees globally across the organization by year end 2021.
The Company expects to complete its acquisition of SimplexCC Ltd. (“Simplex”) in the second half of 2021.

Financial Outlook

For the three months ending September 30, 2021 and the year ending December 31, 2021, Nuvei anticipates total volume⁽²⁾, revenue and Adjusted EBITDA⁽¹⁾ to be in the ranges below. Considering the strong performance during the three months ended June 30, 2021, where Nuvei exceeded the previously anticipated revenue and Adjusted EBITDA⁽¹⁾ outlook, as well as continuing momentum in the business, management is raising the financial outlook for the year ending December 31, 2021. The updated financial outlook and specifically the Adjusted EBITDA⁽¹⁾ reflects the Company’s strategy to accelerate its investment in distribution, marketing, innovation, technology as well as the infrastructure resulting from the recent acquisition of Mazooma. The Company expects these investments will support its growth plan.

The financial outlook is fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release, and does not include the pending acquisition of Simplex.

Growth Targets

Nuvei’s medium-term⁽³⁾ compound annual growth rate (“CAGR”) targets for total volume⁽²⁾ and revenue, as well as its longer-term target for Adjusted EBITDA margin⁽¹⁾, are shown in the table below. The Company expects to achieve its medium⁽³⁾ and long-term⁽³⁾ targets through continuing momentum and performance of its core business driven by geographic expansion, product innovation, growing wallet share with its existing merchant customers, new merchant customer wins through its direct sales channel and growing sales pipeline, and the favorable tailwinds of the industries it serves.

	Three months ending September 30, 2021	Year ending December 31, 2021
(In U.S. dollars)	$	$	$
		Previous	Updated
Total Volume⁽²⁾ (in billions)	21.5 – 22.5	83 – 89	88 – 91
Revenue (in millions)	174 – 180	610 – 640	690 – 705
Adjusted EBITDA⁽¹⁾ (in millions)	71 – 75	264 – 277	295 – 305

	Growth Targets

Total Volume⁽²⁾	30%+ CAGR in the medium term⁽³⁾
Revenue	30%+ CAGR in the medium term⁽³⁾
Adjusted EBITDA margin⁽¹⁾	50%+ over the long term⁽³⁾

⁽¹⁾Adjusted EBITDA, Adjusted EBITDA margin and Adjusted net income are non-IFRS measures. See “Non-IFRS Measures”.

⁽²⁾Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.

⁽³⁾“Medium-term” and “long term” have not been defined by Nuvei nor does Nuvei intend to define them. These targets should not be considered as projections, forecasts or expected results but rather goals that may result from the execution of our strategy. These growth targets are fully qualified and based on a number of assumptions described under the heading “Forward-Looking Information” of this press release.

Pursuing Additional Listing in the United States on Nasdaq

Consistent with its growth strategy, Nuvei has filed an application with Nasdaq to list its subordinate voting shares. The listing application remains subject to satisfaction of all applicable listing and regulatory requirements as well as the approval of Nasdaq, and there is no certainty as to the timing of any listing or that the listing will take place. Nuvei will continue to be listed on the Toronto Stock Exchange. See “Forward-looking information”.

Conference Call Information

Nuvei will host a conference call to discuss its second quarter 2021 financial results today August 10, 2021 at 8:30 am ET. 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. A replay will be available on the investor relations website following the call.

The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-free), or 201-389-0878 (international). A replay will be available one hour after the call and can be accessed by dialing 844-512-2921 (US/Canada toll-free), or 412-317-6671 (international); the conference ID is 13721533. The replay will be available through Tuesday, August 24, 2021.

About Nuvei

For more information, visit www.nuvei.com

Non-IFRS Measures

Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company’s management believes Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s (a) objective to expand headcount by approximately 200 employees globally across the organization by year end 2021, (b) expectation to complete the acquisition of Simplex in the second half of 2021, (c) intention to explore a listing in the United States on Nasdaq, (d) outlook on total volume, revenue and Adjusted EBITDA for the three months ending September 30, 2021 and the year ending December 31, 2021 as well as medium and long-term targets on total volume, revenue and Adjusted EBITDA margin. Nuvei’s outlook and targets, as the case may be, on revenue, Adjusted EBITDA and Adjusted EBITDA margin also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, outlook for, and targets for, total volume, revenue, Adjusted EBITDA and Adjusted EBITDA margin set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no changes in legislative or regulatory matters that negatively impact Nuvei’s business, and (i) current tax laws will remain in effect and will not be materially changed. 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.

Contact:

Investors

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Consolidated Statements of Profit or Loss and Comprehensive Income or Loss Data

(in thousands of U.S. dollars except for share and per share amounts)

	Three months ended June 30,		Six months ended June 30,
	2021 $	2020 $	2021 $	2020 $
Revenue	178,239	83,325	328,719	166,564
Cost of revenue	33,124	13,561	60,308	28,729
Gross profit	145,115	69,764	268,411	137,835

Selling, general and administrative expenses	95,870	50,893	184,306	105,759
Operating profit	49,245	18,871	84,105	32,076

Finance income	(912)	(1,449)	(1,771)	(2,795)
Finance costs	3,432	24,083	6,747	55,342
Net finance costs	2,520	22,634	4,976	52,547
Loss (gain) on foreign currency exchange	1,691	(18,286)	1,246	27,433
Income (loss) before income tax	45,034	14,523	77,883	(47,904)

Income tax expense	6,120	558	11,179	474
Net income (loss)	38,914	13,965	66,704	(48,378)

Other comprehensive income (loss)
Items that may be reclassified subsequently to profit or loss
Foreign operations – foreign currency translation differences	4,310	(16,357)	(10,539)	23,310
Comprehensive income (loss)	43,224	(2,392)	56,165	(25,068)
Net income (loss) attributable to:
Common shareholders of the Company	37,830	13,216	64,644	(49,377)
Non-controlling interest	1,084	749	2,060	999
	38,914	13,965	66,704	(48,378)
Comprehensive income (loss) attributable to
Common shareholders of the Company	42,140	(3,141)	54,105	(26,067)
Non-controlling interest	1,084	749	2,060	999
	43,224	(2,392)	56,165	(25,068)
Net income (loss) per share
Net income (loss) per share attributable to common shareholders of the Company
Basic	0.27	0.16	0.47	(0.58)
Diluted	0.26	0.15	0.45	(0.58)

Weighted average number of common shares outstanding
Basic	138,719,227	84,606,171	138,462,027	84,605,470
Diluted	143,265,259	86,992,447	142,991,370	84,605,470

Reconciliation of Adjusted EBITDA to net income (loss)

‍(In thousands of U.S. dollars)

	Three months ended June 30,		Six months ended June 30,
	2021	2020	2021	2020
(In thousands of U.S. dollars)	$	$	$	$

Net income (loss)	38,914	13,965	66,704	(48,378)
Finance cost	3,432	24,083	6,747	55,342
Finance income	(912)	(1,449)	(1,771)	(2,795)
Depreciation and amortization	20,740	17,020	41,738	34,333
Income tax expense	6,120	558	11,179	474
Acquisition, integration and severance costs ^(a)	4,500	1,208	9,840	2,878
Share-based payments ^(b)	4,953	402	9,058	735
Loss (gain) on foreign currency exchange	1,691	(18,286)	1,246	27,433
Legal settlement and other ^(c)	(63)	(111)	96	656
Adjusted EBITDA ^(d)	79,375	37,390	144,837	70,678
Advance from third party – merchant residual received ^(e)	3,138	2,719	5,866	5,668

(a) These expenses relate to:

(i) professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities. For the three months and the six months ended June 30, 2021, those expenses were $4.5 million and $9.8 million respectively ($2.0 million and $3.2 million for the three months and the six months ended June 30, 2020). These costs are presented in the professional fees line item of selling, general and administrative expenses.

(ii) acquisition-related compensation. For the three months and the six months ended June 30, 2021, those expenses were nil ($0.2 million and $0.5 million for the three months and the six months ended June 30, 2020). These costs are presented in the employee compensation line item of selling, general and administrative expenses.

(iii) change in deferred purchase consideration for previously acquired businesses, which was nil for the three and the six months ended June 30, 2021 (gain of $1.3 million for the three and the six months ended June 30, 2020).

(iv) severances and integration expenses. For the three months and the six months ended June 30, 2021, severances were immaterial ($0.2 million and $0.4 million for the three months and the six months ended June 30, 2020). Severance expenses are presented in the employee compensation line item of selling, general and administrative expenses.

(b) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.

(c) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.

(d) Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows.

(e) Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contracts.

Reconciliation of Adjusted net income to net income (loss)

(In thousands of U.S. dollars except for per share amounts)

	Three months ended June 30		Six months ended June 30
(In thousands of U.S. dollars except for per share amounts)	2021	2020	2021	2020
(In thousands of U.S. dollars except for per share amounts)	$	$	$	$

Net income (loss)	38,914	13,965	66,704	(48,378)
Change in redemption value of liability-classified common and preferred shares^(a)	–	5,850	–	17,486
Amortization of acquisition-related intangible assets ^(b)	17,897	14,875	36,109	29,050
Acquisition, integration and severance costs ^(c)	4,500	1,208	9,840	2,878
Share-based payments ^(d)	4,953	402	9,058	735
Loss (gain) on foreign currency exchange	1,691	(18,286)	1,246	27,433
Legal settlement and other ^(e)	(63)	(111)	96	656
Adjustments	28,978	3,938	56,349	78,238
Income tax expense related to adjustments^(f)	(3,386)	(1,644)	(7,386)	(3,820)
Adjusted net income ^(g)	64,506	16,259	115,667	26,040

Adjusted net income per share attributable to common shareholders of the Company ^(h)
Basic	0.46	0.18	0.82	0.30
Diluted	0.44	0.18	0.79	0.29

(a) This line item represents change in redemption value related to shares classified as liabilities prior to the Company’s initial public offering (“IPO”). As part of the IPO, such shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs.

(b) This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017.

(d) These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.

(e) This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.

(f) This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.

(g) Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.

(h) Adjusted net income per diluted share is calculated using share-based awards outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time.

Consolidated Statements of Cash Flow Data (in thousands of U.S. dollars)	2021 $	2020 $

Cash flows from operating activities
Net income (loss)	66,704	(48,378)
Adjustments for:
Depreciation of property and equipment	2,780	2,702
Amortization of intangible assets	38,958	31,631
Amortization of contract assets	1,017	1,076
Share-based payments	9,058	735
Net finance costs	4,976	52,547
Loss on foreign currency exchange	1,246	27,433
Impairment on disposal of a subsidiary	–	487
Income tax expense	11,179	474

Changes in non-cash working capital items	14,265	(6,138)

Interest paid	(5,435)	(29,424)
Income taxes paid	(5,754)	(304)

	138,994	32,841

Cash flows from (used in) investing activities
Business acquisitions, net of cash acquired	(88,930)	–
Proceeds from the sale of a subsidiary, net of cash	–	18,896
Decrease in other non-current assets	9,787	321
Net decrease (increase) in advances to third parties	5,982	(473)
Acquisition of property and equipment	(2,419)	(1,292)
Acquisition of intangible assets	(8,706)	(6,842)

	(84,286)	10,610

Cash flows from (used in) financing activities
Transaction costs related to loans and borrowings	(5,373)	(452)
Proceeds from exercise of stock options	3,968	–
Proceeds from issuance of share capital	–	150
Proceeds from loans and borrowings	300,000	56,999
Repayment of loans and borrowings	–	(84,185)
Payment of lease liabilities	(1,327)	(1,218)
Dividend paid by subsidiary to non-controlling interest	(680)	(400)

	296,588	(29,106)

Effect of movements in exchange rates on cash	1,670	806

Net increase in cash	352,966	15,151

Cash – Beginning of period	180,722	60,072

Cash – End of period	533,688	75,223

Nuvei to Participate in Upcoming Investor Conferences August 2021

nuvei-to-participate-in-upcoming-investor-conferences-august-2021

The Company’s presentations will be available via live webcast and archived replay on Nuvei’s investor relations website at https://investors.nuvei.com under the “Events & Presentations” section

Nuvei Adopts Alipay+ Solution, Connecting Global Merchants to More E-Wallet Users

nuvei-adopts-alipay-solution-connecting-global-merchants-to-more-e-wallet-users

By integrating with the Alipay+ solution, Nuvei is making cross-border payments easier for merchants to tap into more than 1.2 billion e-wallet users

MONTREAL and HANGZHOU, China, July 29, 2021 – Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Alipay, the world’s leading digital payment platform operated by Ant Group, today announced a partnership that will connect Nuvei’s merchants with over 1.2 billion potential customers in the Asia Pacific region through the Alipay+ cross-border payment and merchant marketing solution. This includes access to a network of Asia’s leading local e-wallets.

Beginning in early 2020, Alipay started offering its partners a cross-border payment and merchant marketing solution, making it easy for businesses to accept different payment methods and conduct cost-effective digital marketing campaigns. The solution also makes it more convenient for users of Asia’s leading e-wallet service providers, including Alipay (Chinese mainland), AlipayHK (Hong Kong S.A.R.), Kakao Pay (Republic of Korea), GCash (the Philippines), TrueMoney (Thailand), DANA (Indonesia), and Touch ‘n Go (Malaysia) to transact easily with more businesses. In China, Alipay alone connects over 80 million businesses with more than one billion users.

Alipay and Nuvei are currently integrated for online purchases via hosted payment page or API, and its point-of-sale app for in-store purchases using a QR code. The adoption of the Alipay+ solution propels Nuvei to another level of global reach, further expanding its significant portfolio of payment methods. This enables Nuvei’s clients to seamlessly market to the Alipay+ network of e-wallet holders through a single API connection. Merchants will be able to accept one-time and recurring payments from Asia’s leading local e-wallet holders in the currency relevant to that payment method.

“We aim to consistently provide the most relevant payment options that open up more global commerce possibilities, expand our clients’ potential customer base and drive new revenue streams. Our partnership with Alipay is yet another testament to this goal,” said Philip Fayer, Nuvei’s Chair and CEO. “The APAC region is an economic powerhouse and very attractive to growth-minded businesses. We’re delighted to empower merchants to better market to this region while making the purchase experience as seamless as possible.”

“Alipay has always believed in global partnerships, supporting service providers to better serve their clients and unlock growth opportunities so that it becomes easier for merchants to do business anywhere,” said Yulei Wang, General Manager of Global Merchant Partnerships at Alipay. “With Nuvei’s integration into the Alipay+ solution, we look forward to enabling Nuvei to attract more Asian customers to its merchant network.”

About Nuvei

About Alipay

Alipay is the leading digital payment platform in China, serving hundreds of millions of users, and connecting them with merchants and partner financial institutions that offer inclusive financial services and digital daily life services such as food delivery, transport, entertainment, and healthcare.

Nuvei Contacts:

Investor Relations IR@nuvei.com

Public Relations PR@nuvei.com

Alipay Contact:

Chenni Xu chenni.xu@antgroup.com

Nuvei Completes Acquisition of Mazooma, Expanding Portfolio of Alternative Payment Methods

nuvei-completes-acquisition-of-mazooma-expanding-portfolio-of-alternative-payment-methods

The acquisition enhances and expands Nuvei’s portfolio of North American payment options

KFC España Launches Mobile Payments with Nuvei and Judopay

kfc-espana-launches-mobile-payments-with-nuvei-and-judopay

The technology providers will enable mobile-centric payment services in the fast-food giant’s branches throughout Spain

MONTREAL and LONDON, July 15, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Judopay, a leading mobile-centric technology provider, have announced that they will enable mobile payments for customers in KFC restaurants throughout Spain.

As the world economy continues to move online, KFC is shifting its strategy to focus more on optimizing its customers’ digital experience. The partnership with Nuvei and Judopay will allow KFC España to provide seamless mobile payments for its customers throughout its almost 150 branches in Spain.

“At KFC, we believe that the customer should be at the heart of all our decisions, and payments are a crucial part of the customer experience,” said Pablo Calavia, Chief Commercial Officer of Yum! Brands, representing KFC España. “That’s why we have partnered with Judopay and Nuvei. The innovative technology of these two leading payment providers will help us improve our omnichannel customer experience, supporting our strategy of being the leading quick-service restaurant in digital experience across Western Europe.”

“This partnership is about modernizing the digital payment experience of one of the world’s most recognizable brands as we move further into the online-focused economy of 2021,” said Jeremy Nicholds, Judopay’s CEO. “By using Judopay’s mobile payment solutions, customers of KFC España will benefit from seamless and touch-free payments. Nuvei’s acquiring services will allow us to optimize processing speed and transaction approvals at scale, further improving the KFC user experience.”

Nuvei will provide acquiring services for KFC España with its extensive network of acquirers throughout Europe and ability to easily onboard franchisees. To adapt to the franchise model of KFC España, Nuvei created bespoke documentation, pricing and sub-account management.

With this partnership, KFC España will benefit from optimized transaction approval rates and local processing costs, while its customers will enjoy effortless payment experiences across all payment channels.

“We are delighted that our close relationship with Judopay has facilitated KFC España’s expansion into the digital realm,” said Philip Fayer, Nuvei’s Chair and CEO. “We are proud to provide this famous brand with the benefits of our payment technology and network of local acquiring partners. On Nuvei’s part, this proves that our emphasis on flexibility and localized services pays dividends at any scale.”

About Nuvei

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

About Judopay

Judopay is the leading mobile centric payments platform. Born out of the frustration with friction-filled checkouts we built a flexible solution designed to drive sales and improve the customer experience. Working closely with partners such as Visa, Mastercard, Apple Pay, Google Pay and Discover, Judopay is continually working to enhance the overall payment experience for both the merchant and their customers. Available across multiple sectors, our solutions are used by KFC, Young’s Pubs, Revolution Bars, Itsu and the Boparan Group amongst many others.

For more information, visit www.judopay.com.

About KFC

KFC Corporation, based in Louisville, Ky., is the world’s most popular chicken restaurant chain. KFC specializes in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders, Hot Wings®, KFC Famous Bowls®, Pot Pies, freshly hand prepared chicken sandwiches, biscuits and homestyle side items. There are more than 24,000 KFC restaurants in over 145 countries and territories around the world. KFC Corporation is a subsidiary of Yum! Brands, Inc., Louisville, Ky. (NYSE: YUM).

For more information, visit www.kfc.com. Follow KFC on Facebook (www.facebook.com/kfc), Twitter (www.twitter.com/kfc) and Instagram
(www.instagram.com/KFC).

Nuvei to Announce Second Quarter 2021 Results on August 10, 2021

nuvei-to-announce-second-quarter-2021-results-on-august-10-2021

Nuvei will release its second quarter 2021 financial results before market open on Tuesday, August 10, 2021

MONTREAL, July 28, 2021 – Nuvei Corporation (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it will release its second quarter 2021 financial results before market open on Tuesday, August 10, 2021. 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.

About Nuvei

For more information, visit www.nuvei.com

Contact:

Investor Relations
Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Nuvei and Discover Global Network Sign Acquiring Agreement to Increase eCommerce Acceptance

nuvei-and-discover-global-network-sign-acquiring-agreement-to-increase-ecommerce-acceptance

Nuvei has signed an acquiring agreement with Discover® Global Network, the payment brand of Discover

MONTREAL, June 22, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that its wholly owned subsidiary has signed an acquiring agreement with Discover^® Global Network, the payment brand of Discover.

Nuvei has secured the partnership at a critical time as the shift to eCommerce continues to surge, satisfying the demand for greater connections between online merchants and Discover Global Network. The enhanced card acceptance offering allows businesses to provide an improved online shopping experience that can help increase sales and attract more clients from across the globe.

The partnership provides Nuvei’s merchants with greater growth opportunities by allowing them to operate within the Discover Global Network, which includes Discover Card issued in the U.S., Diners Club International^® cards issued in more than 55 countries, and cards from its network partner alliances in countries such as Turkey, India, South Korea and Brazil. This partnership enables Nuvei’s clients to benefit from higher transaction acceptance rates and greater worldwide reach. Merchants from all industries can enjoy the benefits, including online retail, travel, marketplaces, social gaming, iGaming and regulated financial services.

“Discover Global Network cardholders prefer to transact using their card of choice,” said Chris Winter, Vice President of Global Acceptance, Europe, Middle East and Africa at Discover. “A fintech leader such as Nuvei enables us to further drive growth throughout the digital payments ecosystem and provides our cardholders with the opportunity to purchase from more merchants across the globe in a seamless manner.”

“We are excited to be partnering with Discover Global Network, as we continue to strengthen our global acquiring capabilities and further improve the transaction experience for our merchants and their customers,” said Philip Fayer, Nuvei’s Chair and CEO. “We’re actively focusing on opportunities that provide innovative solutions for frictionless commerce, no matter how or where our clients operate around the world.”

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With supports for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Nuvei’s acquiring agreement with Discover Global Network. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. 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.

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Announces Closing of US$500 Million Bought Deal Secondary Offering

nuvei-announces-closing-of-us-500-million-bought-deal-secondary-offering

Nuvei has announced today the closing of the previously announced secondary offering on a bought deal basis of an aggregate of 7,165,378 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share for total gross proceeds to the selling shareholders of approximately US$500 million (the “Offering”)

MONTREAL, June 7, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the closing of the previously announced secondary offering on a bought deal basis of an aggregate of 7,165,378 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share for total gross proceeds to the selling shareholders of approximately US$500 million (the “Offering”).

Goldman Sachs Canada Inc., Credit Suisse, National Bank Financial Inc. and Scotiabank acted as joint bookrunners for the Offering. BMO Capital Markets, Merrill Lynch Canada Inc., Citigroup Global Markets Canada Inc., RBC Capital Markets, Canaccord Genuity Corp., Raymond James Ltd. and Stifel Nicolaus Canada Inc. also acted as underwriters for the Offering (collectively, the “Underwriters”).

As part of the Offering, the selling shareholders (except the management shareholders) granted the Underwriters an option, exercisable, in whole or in part, at any time until July 7, 2021, to purchase up to an additional 15% of the Offering at the offering price to cover over-allotments.

No securities regulatory authority has either approved or disapproved the contents of this press release. The subordinate voting shares have not been and will not be registered under the U.S. Securities Act or any U.S. state securities law and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With supports for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For further information, please contact:

Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com

Nuvei Announces Filing of Amended and Restated Base Shelf Prospectus

nuvei-announces-filing-of-amended-and-restated-base-shelf-prospectus

The Amended and Restated Prospectus, among other things, increases the amount available under the Original Prospectus by US$950,000,000

MONTREAL, June 1, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U) today announces that it has filed and obtained a receipt for its amended and restated short form base shelf prospectus (the “Amended and Restated Prospectus”) amending and restating its short form base shelf prospectus dated December 7, 2020 (the “Original Prospectus”) with the securities commissions in each of the provinces and territories of Canada. The Amended and Restated Prospectus, among other things, increases the amount available under the Original Prospectus by US$950,000,000.

The filing of the Amended and Restated Prospectus allows Nuvei and certain of its security holders to distribute by way of prospectus up to US$1,800,000,000 of subordinate voting shares, preferred shares, debt securities, warrants, subscription receipts and units, or any combination thereof, during the 25-month period following the date of the Original Prospectus. Should the Company decide to offer securities during this period, the specific terms, including the use of proceeds from any offering, will be set forth in a related prospectus supplement to the Amended and Restated Prospectus, which will be filed with the applicable Canadian securities commissions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

A copy of the Amended and Restated Prospectus can be found on SEDAR at www.sedar.com.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. 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.

Contact:

Investors
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com

Nuvei to be Added to MSCI Canada Index

nuvei-to-be-added-to-msci-canada-index

The MSCI Canada Index is designed to measure the performance of the large and mid cap segments of the Canada market

MONTREAL, May 26, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced that effective as of the close of the market on May 27, 2021 it will be added as a member of the MSCI Canada Index, as part of the May 2021 Semi-Annual Index Review for the MSCI Equity Indexes.

The MSCI Canada Index is designed to measure the performance of the large and mid cap segments of the Canada market. The index is based on the MSCI Global Investable Market Indexes (GIMI) Methodology —a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. 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 Nuvei’s ability to satisfy all closing conditions, to close the transaction within the anticipated timeline, as well as Nuvei’s ability to integrate Simplex, accelerate its development timeline and increase its sales. 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.

Contact:

Investors

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Nuvei Announces Voting Results of its Annual Shareholders’ Meeting and Appointment of General Counsel and Corporate Secretary

nuvei-announces-voting-results-of-its-annual-shareholders-meeting-and-appointment-of-general-counsel-and-corporate-secretary

Nuvei today announced that shareholders voted in favour of all items of business put forth by the Company at its annual shareholders’ meeting held on May 28, 2021 (the “Meeting”)

MONTREAL, May 31, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U) today announced that shareholders voted in favour of all items of business put forth by the Company at its annual shareholders’ meeting held on May 28, 2021 (the “Meeting”).

Voting Results of the Meeting

Election of Directors

The five (5) nominees for directors 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:

NomineesVotes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld(a) Philip Fayer855,927,75999.98%195,6990.02%(b) Michael Hanley854,984,76499.87%1,138,3100.13%(c) David Lewin855,785,02399.96%338,0510.04%(d) Daniela Mielke856,088,12299.99%34,9520.01%(e) Pascal Tremblay855,451,94199.92%671,1330.08%

Appointment of Auditors

PricewaterhouseCoopers LLP, chartered accountants, were appointed as auditors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting. The votes cast were as follows:

Votes ForPercentage of Votes ForVotes WithheldPercentage of Votes Withheld859,234,53199.99%18,4870.01%

Final voting results on all matters voted at the Meeting are available on SEDAR at www.sedar.com.

Appointment of Lindsay Matthews as General Counsel and Corporate Secretary

Nuvei announced that Lindsay Matthews will be joining its management team as General Counsel and Corporate Secretary effective today, May 31, 2021.

Ms. Matthews has over 23 years of broad legal experience in corporate, securities and commercial law, as well as in M&A and corporate governance, both as in-house counsel and in private practice. She was most recently Vice-President, General Counsel and Corporate Secretary of Gildan Activewear Inc., where she led the global legal team since 2010. Prior to joining Gildan in 2004, Ms. Matthews practised corporate and securities law at Ogilvy Renault (now Norton Rose Fulbright). Ms. Matthews holds a B.C.L. and LL.B. from the McGill University Faculty of Law as well as a B.A. from Northwestern University.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Forward-Looking Information

Contact:

Investors
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com

Nuvei Research Reveals Growing Potential of Optimized Payment Strategies for Marketplaces

nuvei-research-reveals-growing-potential-of-optimized-payment-strategies-for-marketplaces

Build a future-proof payment strategy to maximize the opportunity for growth

Montreal, May 18, 2021 – New research from strategy consulting firm Edgar, Dunn & Company specialized in payments and digital financial services, commissioned by Nuvei Corporation (TSX: NVEI and NVEI.U), highlights the importance for marketplaces to build a future-proof payment strategy to maximize the opportunity for growth. The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” also analyses best practices for marketplaces to optimize their payment processes and increase profitability.

A Nuvei report published in 2017 predicted that by 2020, around 40% of the world’s online retail market would be controlled by marketplaces. A recent analysis conducted by Digital Commerce 360 demonstrates that the marketplace share of total global web sales was actually 62% in 2020. Accelerated by local lockdowns during the pandemic, marketplaces experienced 81% growth in 2020, according to marketplace platform provider Mirakl’s Enterprise Marketplace Index. To capitalize on this faster than expected growth, many marketplaces now seek to create an entire ecosystem with large product choice as a means to retain and increase customer loyalty.

“Marketplaces face numerous complexities and need to constantly look at how the changing requirements of buyers, sellers and various external stakeholders impact their business model”, says Greg Toussaint, director at Edgar, Dunn & Company. “Being at the center of this intricate ecosystem, marketplaces now need to introduce new payment functionalities and solutions that cater to the needs of their local and global audiences.”

“Online sales have been accelerating due to rapidly changing consumer behavior, coupled with the increased accessibility and convenience of digital payments. This has created unique opportunities for marketplaces,” said Philip Fayer, Nuvei’s Chair and CEO. “Leveraging key payment best practices can support marketplace expansion to meet ever-increasing demand from both sellers and their customers.”

The report highlights key payments challenges that have become central for marketplace ecosystems. These include:

Buyers/sellers onboarding: An often highly manual and time-consuming process which needs to be compliant with regulations. This can be problematic, in particular when onboarding non-local sellers.
Pay-ins and pay-outs: Managing transactions can be challenging in terms of tax issues, reporting and reconciliation if the pay-in and pay-out providers are different. Equally, currency management and frequency, delay and cost of pay-outs significantly impact engagement and loyalty.
Payment acceptance: Marketplaces need to offer a frictionless, secure and efficient payment experience, including local payment methods and emerging payment methods as these can significantly increase conversion rates.
Regulatory constraints: In Europe, marketplaces are facing regulatory challenges including from PSD2 – imposing the regulatory requirement for handling funds between a seller and a buyer -, a European Regulation review of VAT payments for purchases made via marketplaces, and Strong Customer Authentication (SCA). In North America, marketplaces are accountable for fraud committed by sellers, and are responsible for verifying seller information.
Financial reconciliation: Mixed baskets (one order including multiple sellers) can create issues of financial reconciliation at the time of delivery. Equally, split payments can involve high costs depending on the payment model when conducting settlements to multiple sellers rather than for the entire transaction.
Fraud: Due to the significant increase in online payment volume, marketplaces have become increasingly attractive to fraudsters. This includes seller fraud and fake identities, money laundering and credit card theft.

To navigate the challenges, the report lists seven best practices related to payments and how these can be implemented. They are based on interviews with marketplaces as well as platforms and fraud and payments solution providers. The report recommends that marketplaces assess their current state of payments first, by conducting a 360-degree payments diagnostic. This enables them to focus on payment initiatives based on business priorities and to develop a roadmap to support their strategy.

“A boom in eCommerce sales and the evolution in customer behavior, following the COVID-19 crisis, have created attractive opportunities for marketplaces”, said Yuval Ziv, Nuvei’s managing director, digital payments. “Optimizing the customer journey through frictionless payment experiences will be more important than ever in order to remain relevant in this competitive environment.”

The report “The Evolving Needs of Today’s Marketplace. Leveraging payment technology as a growth catalyst” is based on a series of interviews with industry experts and marketplaces. The white paper is available for download at https://try.nuvei.com/mwp01.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

About Edgar, Dunn & Company

Edgar, Dunn & Company is an independent and global strategy consulting firm specializing in payments and digital financial services. The firm was founded on two fundamental principles of client service: provide deep expertise that enhances clients’ perspectives and deliver actionable advice that enables clients to create measurable, sustainable change in their organizations. Established in 1978 in the United States, Edgar, Dunn & Company has expanded to meet the needs of its increasingly global client base. Today it serves clients in more than 45 countries on six continents from its locations in San Francisco, London, Paris, Frankfurt, Dubai and Sydney.

For more information, visit https://edgardunn.com/.

Forward-Looking Information

Nuvei Secures Scheme Licenses to Process UK Payments Post-Brexit

nuvei-secures-scheme-licenses-to-process-uk-payments-post-brexit

Global fintech leader approved to acquire UK-based merchants requiring Mastercard and Visa licenses

MONTREAL and CYPRUS, June 2, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that its wholly owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants based in the United Kingdom (UK) beyond the expiry of the FCA Temporary Permissions Regime.

Coming at a crucial time in the eCommerce boom and the impending expiration of the FCA Temporary Permissions Regime, merchants in the UK can continue leveraging Nuvei’s full suite of products and solutions to process payments, with approved licenses.

“For UK merchants seeking a locally regulated payments partner, approved licenses will be critical,” said Philip Fayer, Nuvei’s Chair and CEO. “As a truly global fintech provider, we continue to support local businesses as they navigate and grow in this surging eCommerce market. Looking ahead to a post-Brexit economy, we remain committed as ever to providing the most innovative payment solutions and best service available to merchants in the UK and around the world.”

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 provides seamless pay-in and payout capabilities, connecting merchants with their customers in 200 markets worldwide with local acquiring in 44 markets. With support for over 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Forward-Looking Information

This presses release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from the Company’s securing of scheme licenses to continue processing UK payments. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. 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.

Nuvei Granted Approval to Process Sports Betting and iGaming Payments in Michigan

nuvei-granted-approval-to-process-sports-betting-and-igaming-payments-in-michigan

Nuvei to provide payment processing technology and expertise to Michigan’s online gaming operators

MONTREAL and DETROIT, Mich., May 20, 2021 — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, announced today that its wholly owned subsidiary has been granted approval by the Michigan Gaming Control Board to provide its services to licensed and regulated online sports betting and iGaming operators within the state.

Online sports betting in Michigan was legalized in January 2021. With growing demand in the sports betting and iGaming sectors driven by the number of brands going live and a large state population, operators and platforms now stand to benefit from Nuvei’s innovative payment technology and decades of industry expertise to further fuel their growth.

Nuvei is currently permitted to provide its services to licensed and regulated online sports betting operators in 10 states.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

‍Forward-Looking Information

This presses release contains “forward-looking information” within the meaning of applicable securities laws, including statements with regards to the potential opportunities arising from Nuvei’s Michigan sports betting and iGaming vendor approval. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. 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.

Nuvei Announces First Quarter 2021 Results

nuvei-announces-first-quarter-2021-results

Nuvei Corporation (TSX: NVEI and NVEI.U), today reported its financial results for the first quarter ended March 31, 2021

MONTREAL, May 10, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today reported its financial results for the first quarter ended March 31, 2021.

“We’re very pleased with our results for the first quarter with both continuing momentum in the core business and the acceleration of new client wins contributing to 132% total volume* growth, 80% revenue growth and 97% Adjusted EBITDA** growth over the first quarter of 2020,” said Philip Fayer, Nuvei’s Chair and CEO. “Our focus on building leading-edge solutions to facilitate and help our clients best connect with their clients continued during the first quarter as we expanded our reach with new markets, added multiple alternative payment methods (“APMs”) and introduced new capabilities like supporting payment in cryptocurrencies. These initiatives coupled with significant volume growth from current and new clients position us extremely well to drive our overall performance and growth this year and into the future. We are proud of our results and raising our financial outlook for the full year 2021.”

Financial Highlights for the Three Months Ended March 31, 2021

Total volume* increased 132%, to $20.6 billion from $8.9 billion
eCommerce represented approximately 87% of total volume
Revenue increased 80%, to $149.9 million from $83.2 million
Net income was $27.8 million compared to a net loss of $62.3 million
Adjusted EBITDA** increased 97%, to $65.5 million from $33.3 million
Adjusted net income** was $51.2 million compared to $9.8 million
Net income per share of $0.19 compared to a net loss per share of $0.74
Adjusted net income** per diluted share of $0.35 compared to $0.11

Operational Highlights

Volume growth from current merchant customers and the acceleration of new client wins drove Nuvei’s first quarter performance. New eCommerce business more than tripled in the first quarter of 2021 compared to the first quarter of 2020 largely as a result of the Company’s ongoing investment in and expansion of its direct distribution channel.
Nuvei expanded its card acquiring coverage launching local processing solutions in Argentina, Chile, Peru and Ecuador, while expanding its acquiring capabilities in Brazil, Colombia and Mexico. The Company now provides local acquiring in 44 markets up from 35 at year end 2020.
The Company added multiple new APMs including Pix in Brazil, MoMo wallet in Vietnam, PagueloFacil in Panama, Mach in Chile, Kakao Pay in South Korea, TrueMoney in Thailand and Alipay HK in Hong Kong, increasing the Company’s portfolio of APMs to 470 at the end of the first quarter of 2021 from 455 at year end 2020.
The Company recently added pay-in and payout support for nearly 40 of the world’s leading cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO and XRP. With this capability, merchants can now accept cryptocurrencies as easily as any other form of alternative payment method at a time when both the number of cryptocurrency users continues to expand and mainstream adoption steadily increases.
The Company entered into several new partnerships including one with Universal Air Travel Plan (“UATP”) to begin offering full payment services as part of UATP’s ongoing effort to expand its offerings to airlines, optimize payment processing, enrich the client experience and lower transaction costs. UATP is a global payment network owned and operated by the world’s leading airlines and accepted by thousands of merchants for air, rail and travel agency payments.
Nuvei continued to execute on its acquisition strategy by announcing definitive agreements to acquire Mazooma Technical Services Inc. (“Mazooma”) and more recently, SimplexCC Ltd. (“Simplex”).
The acquisition of Mazooma, a leading account-to-account payments provider to the U.S. online gaming and sports betting market, will further solidify the Company’s commitment to and presence in the U.S. online gaming and sports betting industry by enhancing and expanding Nuvei’s portfolio of alternative payment methods with a leading ACH platform developed and used exclusively for online gaming in the U.S. and providing the necessary product functionality, vendor registration, compliance, and operational infrastructure to address merchant’s requirements in any regulated U.S. state.
The acquisition of Simplex, a payment solution provider to the cryptocurrency industry, will expand Nuvei’s capabilities to offer bespoke anti-money laundering / know your customer solutions, transaction guarantee solutions, and valued added services to 190 liquidity providers and partners. This results in higher conversion rates when end-users buy/sell digital assets like cryptocurrencies and non fungible tokens. In addition, the acquisition will provide Nuvei with an electronic money institution license to offer international bank account number accounts to end users and merchants, which opens up potential opportunities like banking as a service.

Financial Outlook

For the three months ending June 30, 2021 and year ending December 31, 2021, Nuvei anticipates total volume, revenue and Adjusted EBITDA to be in the ranges below. Considering the strong performance during the three months ended March 31, 2021, where Nuvei exceeded the previously anticipated total volume, revenue and Adjusted EBITDA outlook, as well as continuing momentum in the business, management is raising the financial outlook for the year ending December 31, 2021.

(In U.S. dollars)	Three months ending June 30, 2021	Year ending December 31, 2021
	$	$
		Previous	Updated
Total volume* (in billions)	21 – 22	81 – 87	83 – 89
Revenue (in millions)	153 – 159	570 – 600	610 – 640
Adjusted EBITDA (in millions)**	66 – 70	252 – 265	264 – 277

‍

*Total volume does not represent revenue earned by the Company, but rather the total dollar value of transactions processed by merchants under contractual agreement with the Company. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.

**Adjusted EBITDA and Adjusted net income are non-IFRS measures. See “Non-IFRS Measures”.

Conference Call Information

Nuvei will host a conference call to discuss its first quarter 2021 financial results today May 10, 2021 at 8:30 am ET. 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. The conference call can also be accessed live over the phone by dialing 877-425-9470 (US/Canada toll-Free), or 201-389-0878 (international). A replay will be available approximately two hours after the call, and can be accessed by dialing 844-512-2921 (US/Canada toll-Free), or 412-317-6671 (international); the conference ID is 13718591. The replay will be available until May 24, 2021. An archive of the webcast will be available at the same location on the website shortly after the call has concluded.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace. For more information, visit www.nuvei.com.

Non-IFRS Measures

Nuvei’s unaudited condensed interim consolidated financial statements have been prepared in accordance with IFRS as issued by the International Accounting Standards Board. The information presented in this press release includes non-IFRS financial measures, namely Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share, and Adjusted net income per diluted share are used to provide investors with a supplemental measure of the Company’s operating performance and thus highlight trends in Nuvei’s core business that may not otherwise be apparent when relying solely on IFRS measures. The Company’s management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Nuvei’s management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company’s management believes Adjusted EBITDA, Adjusted net income, Adjusted net income per basic share and Adjusted net income per diluted share are important supplemental measures of Nuvei’s performance, primarily because they and similar measures are used widely among others in the payment technology industry as a means of evaluating a company’s underlying operating performance.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws, including Nuvei’s outlook on total volume, revenue and Adjusted EBITDA for the three months ending June 30, 2021 and the year ending December 31, 2021. Nuvei’s outlook on revenue and Adjusted EBITDA also constitutes “financial outlook” within the meaning of applicable securities laws and is provided for the purposes of assisting the reader in understanding the Company’s financial performance and measuring progress toward management’s objectives and the reader is cautioned that it may not be appropriate for other purposes. 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 the “Risks Factors” section of the Company’s annual information form filed on March 17, 2021. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Particularly, management’s assessments of, and outlook for, total volume, revenue and Adjusted EBITDA set out herein are generally based on the following assumptions: (a) Nuvei’s results of operations will continue as expected, (b) the Company will continue to effectively execute against its key strategic growth priorities, despite the current COVID-19 pandemic and measures taken to contain the virus, (c) the Company will continue to retain and grow its existing customer base while adding new customers, (d) the Company will not complete any acquisitions or divestitures (e) economic conditions will remain relatively stable throughout the period, (f) the industries Nuvei operates in will continue to grow consistent with past experience, (g) there will be no fluctuations in currency exchange rates and volatility in financial markets, (h) there will be no changes in legislative or regulatory matters that negatively impact Nuvei’s business, and (i) current tax laws will remain in effect and will not be materially changed. 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.

Contact:

Investors

Anthony Gerstein

Vice President, Head of Investor Relations

agerstein@nuvei.com

Consolidated Statements of Profit or Loss and Comprehensive Income or Loss Data

(in thousands of U.S. dollars except for share and per share amounts)

	Three months ended March 31
	2021	2020
	$	$
Revenue	149,895	83,239
Cost of revenue	28,979	15,168
Gross profit	120,916	68,071

Selling, general and administrative expenses	86,056	54,866
Operating profit	34,860	13,205

Finance income	(859)	(1,346)
Finance costs	3,315	31,259

Net finance costs	2,456	29,913

Loss (gain) on foreign currency exchange	(445)	45,719
Income (loss) before income tax	32,849	(62,427)
Income tax expense (recovery)	5,059	(84)
Net income (loss)	27,790	(62,343)

Other comprehensive income (loss)
Foreign operations – foreign currency translation differences	(14,849)	39,667
Total comprehensive income (loss)	12,941	(22,676)

Net income (loss) attributable to:
Common shareholders of the Company	26,814	(62,593)
Non-controlling interest	976	250
	27,790	(62,343)

Comprehensive income (loss) attributable to
Common shareholders of the Company	11,965	(22,926)
Non-controlling interest	976	250
	12,941	(22,676)

Net income (loss) per share attributable to common shareholders of the Company – Basic and diluted	0.19	(0.74)

Weighted average number of common shares outstanding^(a)
Basic	138,201,970	84,604,769
Diluted	142,741,312	84,604,769

2020. The weighted average number of common shares outstanding previous to the IPO has been adjusted to take into consideration the Reorganization discussed in Note 17 of the Consolidated Financial Statements for the year ended December 31, 2020.

‍Reconciliation of Adjusted EBITDA to net income (loss)

(In thousands of U.S. dollars)

	Three months ended March 31
	2021	2020
	$	$
Net income (loss)	27,790	(62,343)
Finance cost	3,315	31,259
Finance income	(859)	(1,346)
Depreciation and amortization	20,998	17,313
Income tax expense (recovery)	5,059	(84)
Acquisition, integration and severance costs^(a)	5,340	1,670
Share-based payments^(b)	4,105	333
Loss (gain) on foreign currency exchange	(445)	45,719
Legal settlement costs and other^(c)	159	766
Adjusted EBITDA^(d)	65,462	33,287
Advance from third party – merchant residual received^(e)	2,728	2,948

These expenses relate to:

professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities during the period, which were $5.3 million for the three months ended March 31, 2021 (March 31, 2020 – $1.2 million). These costs are presented in the professional fees line item of selling, general and administrative expenses.
acquisition-related compensation, which was nil for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
severances, which were immaterial for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million), and integration expenses. Severance costs are presented in the employee compensation line item of selling, general and administrative expenses.

These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
Adjusted EBITDA is a non-IFRS measure that the Company uses to assess its operating performance and cash flows.
Commencing in 2018, the Company entered into various agreements with a single third-party independent sales organization to acquire the rights to future cash flows from a portfolio of merchant contract.

Reconciliation of Adjusted net income to net income (loss)

(In thousands of U.S. dollars except for per share amounts)

	Three months ended March 31
	2021	2020
	$	$
Net income (loss)	27,790	(62,343)
Change in redemption value of liability-classified common and preferred shares^(a)	–	11,636
Amortization of acquisition-related intangible assets^(b)	18,212	14,178
Acquisition, integration and severance costs^(c)	5,340	1,670
Share-based payments^(d)	4,105	333
Loss (gain) on foreign currency exchange	(445)	45,719
Legal settlement costs and other^(e)	159	766
Adjustments	27,371	74,302
Income tax expense related to adjustments^(f)	(4,000)	(2,179)
Adjusted net income (loss)^(g)	51,161	9,780
Adjusted net income per share attributable to common shareholders of the Company^(h)
Basic	0.36	0.11
Diluted	0.35	0.11

This line item represents change in redemption value related to shares classified as liabilities prior to the IPO. As part of the IPO, the shares were converted into equity as Subordinate Voting Shares. These expenses are included in finance costs.
This line item relates to amortization expense taken on intangible assets created from the purchase price adjustment process on acquired companies and businesses and from the acquisition of all the outstanding shares of Pivotal Holdings Ltd. by Nuvei in September 2017 and excludes amortization expense related to capitalized development costs incurred in the normal course of operations.
These expenses relate to:

professional, legal, consulting, accounting and other fees and expenses related to our acquisition activities and financing activities during the period, which were $5.3 million for the three months ended March 31, 2021 (March 31, 2020 – $1.2 million). These costs are presented in the professional fees line item of selling, general and administrative expenses.
acquisition-related compensation, which was nil for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million). These costs are presented in the employee compensation line item of selling, general and administrative expenses.
severances, which were immaterial for the three months ended March 31, 2021 (March 31, 2020 – $0.2 million), and integration expenses. Severance costs are presented in the employee compensation line item of selling, general and administrative expenses.

These expenses represent non-cash expenses recognized in connection with stock options and other awards issued under share-based plans.
This line item primarily represents legal settlements and associated legal costs reached outside of the normal course of business, as well as non-cash gains, losses and provisions and certain other costs. These costs are presented in the other line item of the selling, general and administrative expenses.
This line item reflects income tax expense on taxable adjustments using the tax rate of the applicable jurisdiction.
Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.
Adjusted net income per diluted share is calculated using stock options outstanding at the end of each period on a fully diluted basis if they were in-the-money at that time.

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

	March 31,	December 31,
	2021	2020
	$	$
Assets
Current assets
Cash	144,464	180,722
Trade and other receivables	42,546	32,055
Inventory	110	80
Prepaid expenses	5,214	4,727
Income taxes receivables	6,401	6,690
Current portion of advances to third parties	8,302	8,520
Current portion of contract assets	1,858	1,587
Total current assets before segregated funds	208,895	234,381
Segregated funds	540,018	443,394
Total current assets	748,913	677,775

Non-current assets
Advances to third parties	36,690	38,478
Property and equipment	15,721	16,537
Intangible assets	561,115	524,232
Goodwill	995,935	969,820
Deferred tax assets	5,457	3,785
Contract assets	923	1,300
Processor deposits	14,804	13,898
Other non-current assets	1,902	1,944
Total Assets	2,381,460	2,247,769

Consolidated Statements of Financial Position Data

(in thousands of U.S. dollars)

	March 31,	December 31,
	2021	2020
	$	$
Liabilities
Current liabilities
Trade and other payables	69,964	64,779
Income taxes payable	13,564	7,558
Current portion of loans and borrowings	2,274	2,527
Other current liabilities	8,098	7,132
Total current liabilities before due to merchants	93,900	81,996
Due to merchants	540,018	443,394
Total current liabilities	633,918	525,390

Non-current liabilities
Loans and borrowings	212,602	212,726
Deferred tax liabilities	47,296	50,105
Other non-current liabilities	11,731	1,659
Total Liabilities	905,547	789,880

Equity
Equity attributable to shareholders
Share capital	1,628,244	1,625,785
Contributed surplus	14,790	11,966
Deficit	(184,228)	(211,042)
Accumulated other comprehensive income	7,621	22,470
	1,466,427	1,449,179
Non-controlling interest	9,486	8,710
Total Equity	1,475,913	1,457,889
Total Liabilities and Equity	2,381,460	2,247,769

‍Consolidated Statements of Cash Flows Data

(in thousands of U.S. dollars)

	Three months ended March 31
	2021	2020
	$	$
Cash flows from (used in) operating activities
Net income (loss)	27,790	(62,343)
Adjustments for:
Depreciation of property and equipment	1,350	1,841
Amortization of intangible assets	19,648	15,472
Amortization of contract assets	487	525
Share-based payments	4,105	333
Net finance costs	2,456	29,913
Loss (gain) on foreign currency exchange	(445)	45,719
Income tax expense (recovery)	5,059	(84)

Changes in non-cash working capital items	(3,198)	(15,631)

Interest paid	(2,836)	(16,299)
Income taxes paid	(1,013)	(12)
	53,403	(566)
Cash flows used in investing activities
Business acquisitions, net of cash acquired	(88,930)	–
Decrease in other non-current assets	522	181
Net decrease (increase) in advances to third parties	2,865	(1,734)
Acquisition of property and equipment	(593)	(978)
Acquisition of intangible assets	(4,145)	(3,034)
	(90,281)	(5,565)
Cash flows from financing activities
Transaction costs related to loans and borrowings	–	(20)
Proceeds from exercise of stock options	1,178	–
Proceeds from loans and borrowings	–	56,999
Repayment of loans and borrowings	–	(34,185)
Payment of lease liabilities	(642)	(631)
Dividend paid by subsidiary to non controlling interest	(200)	(200)
	336	21,963

Effect of movements in exchange rates on cash	284	(401)

Net increase (decrease) in cash	(36,258)	15,431

Cash – Beginning of period	180,722	60,072
Cash – End of period	144,464	75,503

Nuvei to Participate in Upcoming Investor Conferences - May 2021

nuvei-to-participate-in-upcoming-investor-conferences-may-2021

Nuvei to Participate in the CIBC Technology and Innovation Conference and the Barclays Emerging Payments and Fintech Forum

Nuvei to Acquire Simplex, a Payment Solution Provider to the Cryptocurrency Industry

nuvei-to-acquire-simplex-a-payment-solution-provider-to-the-cryptocurrency-industry

Nuvei Corporation has entered into a definitive agreement to acquire SimplexCC Ltd. (“Simplex”), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash

(All amounts in U.S. dollars)

MONTREAL, May 6, 2021 – Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a definitive agreement to acquire SimplexCC Ltd. (“Simplex”), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash. The transaction is subject to customary closing conditions, including regulator approval, and is expected to close in the second half of 2021.

Founded in 2014, Simplex has grown into a leading fiat-cryptocurrency gateway connecting market participants including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell cryptocurrencies (i.e. on-ramp/off-ramp capabilities) using credit and debit cards. Through its proprietary fraud and risk management tools, Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates. In addition, the acquisition will provide Nuvei with an electronic money institution (EMI) license to offer IBAN accounts to end users and corporations, and offers future banking and card issuing capabilities. As a principal member of the Visa network, Simplex has permission to issue Visa cards, giving its consumers access to digital currencies daily. Simplex processed approximately $500 million of total volume* in 2020 and is expected to process more than $2.0 billion of total volume* in 2021.

“We expect Simplex to enhance and expand Nuvei’s steadily growing portfolio of alternative payment methods, adding turnkey simplicity to the process of buying and selling cryptocurrency and converting it back to fiat within a user account – ultimately reducing complexity for merchants and consumers,” said Philip Fayer, Nuvei’s Chair and CEO. “Simplex’s infrastructure is a natural fit for Nuvei’s Native Commerce Platform, further strengthening the capabilities and overall value proposition of our single-integration approach to payments. We are excited to welcome Simplex to the Nuvei team.”

“Today is a very special day for all of the Simplex team, as well as the entire cryptocurrency community,” said Nimrod Lehavi, Simplex’s Co-founder and CEO. “By joining Nuvei, Simplex will be able to fulfill its promise of bridging the gap between the blockchain space and the traditional finance world. We couldn’t have thought of a better partner for us, and we are excited for what the future holds.”

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 connects merchants in 200 markets worldwide with local acquiring in 44 markets, supports 470 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

About Simplex

Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, Simplex pioneered the first riskless global fiat onramp using a credit and debit card, which promises a zero chargeback guarantee. Simplex Banking offers the Simplex fraudless payment processing, with global payment accessibility. Working alongside recognized leaders in the crypto ecosystem, Simplex provides robust fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020. Put simply, Simplex is making crypto accessible to all, turning the complex into the Simplex. Keep up with the latest Simplex news by following us on Twitter or visiting www.simplex.com.

*Total volume does not represent revenue earned by Simplex, but rather the total dollar value of transactions processed by merchants under contractual agreement with Simplex. Total volume is explained in further detail in the Company’s most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. 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 Nuvei’s ability to satisfy all closing conditions, to close the transaction within the anticipated timeline, as well as Nuvei’s ability to integrate Simplex, accelerate its development timeline and increase its sales. 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.

Contact:

Investors

Anthony Gerstein
Vice President, Head of Investor Relations
anthony.gerstein@nuvei.com

Nuvei Corporation to Announce First Quarter 2021 Results on May 10, 2021

nuvei-corporation-to-announce-first-quarter-2021-results-on-may-10-2021

Management will host a conference call and webcast to discuss these results at 8:30 am ET that same day

Wargaming Selects Nuvei to Enhance Payments Offering in Asia Pacific

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Nuvei’s global fintech platform to support the legendary online game developer and publisher with the payment methods of choice for the Asia Pacific market

MONTREAL and NICOSIA, Cyprus, April 28, 2021 – Nuvei Corporation (TSX: NVEI and NVEI.U) the global payment technology partner of thriving brands, announces a deal with Wargaming Group Limited, the legendary online gaming developer and publisher. Nuvei will provide local acquiring solutions and payment technology to power Wargaming’s growth, launching in the Asia Pacific (APAC) market. Wargaming offers a unique, action-packed Massively Multiplayer Online (MMO) gaming experience to hundreds of millions of users around the world.

Statista figures from 2020 showed that there were nearly 1.5 billion gamers in Asia Pacific, by far the largest number worldwide. Wargaming’s natural next step was to accelerate expansion to enable players in this booming region to enjoy their iconic games. Wargaming chose the payment provider that would best enable them to offer clients the localized payment methods of choice to capitalize on this huge market.

“We strive to accommodate our players in all regions by providing them the payments they trust,” said Kate Gromova, senior payments manager at Wargaming. “We look forward to our relationship with Nuvei, chosen for their extensive experience in the region and impressive portfolio of APAC local payment methods.”

Trending APAC payment methods available to Wargaming players through their single integration with Nuvei include Paytm, NetBanking, UPI and RuPay in India, DANA in Indonesia, GCash in the Philippines, plus SCB, KTB, BAY and BBL in Thailand.

“A driving force behind our clients’ success is the seamless way in which we can facilitate their international expansion and drive additional revenue opportunities,” said Philip Fayer, Nuvei’s chairman and CEO. “We are delighted to provide Wargaming with the required expertise and innovative payment solutions as they diversify and scale their offering in more markets.”

About Wargaming

Wargaming is an award-winning online game developer and publisher headquartered in Nicosia, Cyprus. Operating since 1998, Wargaming has grown to become one of the leaders in the gaming industry, with 5,500 employees and offices spread all over the world. Over 200 million players enjoy Wargaming’s titles across all major gaming platforms. Their flagship products include the massively popular free-to-play hit World of Tanks and the strategic naval action game World of Warships.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 in over 200 markets worldwide, supports 455 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

Nuvei Makes Donation to the Marie-Vincent Foundation to Fight Sexual Violence Against Children

nuvei-makes-donation-to-the-marie-vincent-foundation-to-fight-sexual-violence-against-children

Montreal-headquartered payment technology firm donates $100,000 to the nonprofit to aid Québec children and teens who have experienced sexual and physical abuse

MONTREAL, May 04, 2021 — Nuvei Corporation (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that it has made a three-year charitable pledge to the Marie-Vincent Foundation to help support efforts to prevent and fight sexual and physical violence against children.

Around one in five girls and one in 10 boys has experienced sexual abuse at some point during their childhoods*. Nuvei will donate $100,000 over the next three years to the Marie-Vincent Foundation, a nonprofit organization that plays a role in preventing sexual violence by targeting children, adolescents, parents, professionals and the general public with information, while providing specialized treatment to children and adolescents who are victims of sexual violence.

After having to cancel its fundraising events last year due to the pandemic, the Marie-Vincent Foundation launched a three-year fundraising campaign to help more young people in Québec. Its goal is to advance four major projects: improving service access by recruiting additional staff, opening a second Child Advocacy Centre, filling a gap in specialized treatment for young victims, and supporting research into sexual violence.

As part of its ongoing Environmental, Social, and Corporate Governance (ESG) initiatives, Nuvei continues to support meaningful causes, including charitable donations and activities that promote social responsibility. Nuvei’s donation to the Marie-Vincent Foundation will move the charitable organization closer to reaching its objectives.

“The board of directors of the Marie-Vincent Foundation is extremely grateful that we can count on the support of Nuvei,” said Jessica Pathy, chair of the Marie-Vincent Foundation board of directors. “This important commitment will enable us to pursue our mission and help more children in Québec.”

“We are honored to help fight the battle against child sexual abuse alongside the Marie-Vincent Foundation,” said Philip Fayer, Nuvei’s chair and CEO. “We believe in contributing to the communities in which we serve, both locally and globally, and look forward to working with the Foundation to support its long-term goals.”

*SOURCE: https://marie-vincent.org/en/

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global 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 in over 200 markets worldwide, supports 455 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies. Our purpose is to make our world a local marketplace.

For more information, visit www.nuvei.com.

Contact:

Investor Relations
IR@nuvei.com

Public Relations
PR@nuvei.com

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Insights & updates from our experts

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Payment trends 2025: Transforming innovation into revenue growth

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Our success stories & achievements

Driving ISV growth with partner-first payment solutions

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Gigi Beyene, SVP Integrated Payments at Nuvei, discusses how a tech-forward, partner-first approach helps ISVs overcome integration challenges and expand into new markets.

The opportunities and challenges associated with payment orchestration

the-opportunities-and-challenges-associated-with-payment-orchestration

Jasper Goeman, VP Sales EMEA at Nuvei, discusses how payment orchestration platforms enable global expansion, enhance customer experience, and mitigate fraud.

Processing Partners banks on customer success to drive six million transactions annually

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See how Processing Partners leverages Nuvei's payment solutions to process $250M annually, maintaining 15+ year customer relationships through reliable pricing and service.

Can real-time payments play in Australia — or are payments already fast enough?

can-real-time-payments-play-in-australia----or-are-payments-already-fast-enough

Juan Franco, SVP eCommerce APAC at Nuvei examines whether Australia's existing payment systems meet consumer needs or if real-time payments can offer further enhancements.

B2B companies embrace invoice financing to drive business continuity

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Ben Weiner, SVP B2B Payments at Nuvei discusses how invoice financing solutions enhance cash flow and support growth for B2B suppliers.

Why innovating B2B payments at scale means targeting workflow frictions

why-innovating-b2b-payments-at-scale-means-targeting-workflow-frictions

Ben Weiner, SVP B2B Payments at Nuvei discusses how automating accounts receivable and optimizing workflows can enhance efficiency in B2B payments.

Consumer choice pushes the issue for Alternative Payment Methods

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Consumers seek fast, secure, and flexible payment options, boosting the adoption of digital wallets and BNPL services.

Data and updated technology lead must-have list for omnichannel payments

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Omri Dubovi, SVP Product at Nuvei, discusses how real-time data and updated technology are crucial for seamless omnichannel payment solutions.

Why new use cases like Pay by Bank will fast-track FedNow

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Keith Olson, VP ACH and Online Banking at Nuvei, discusses FedNow’s progress with 900+ banks onboarded and explores challenges and future use cases for instant payments.

Embedded finance beckons as Independent Software Vendors evolve

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ISVs are driving growth with embedded payments. Nuvei’s Gigi Beyene discusses how integrating seamless payment solutions boosts revenue and client loyalty.

Faster settlement solutions: Empowering businesses with immediate liquidity

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Discover how Nuvei’s faster settlement solutions eliminate cash flow delays, offering businesses quick access to funds for vendor payments and liquidity management, with full control over cash flow.

90% of payments happen in an hour or less with Solutions by Text

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Discover how Solutions by Text partnered with Nuvei to enable SMS payment processing, achieving 90% payment completion in under an hour through secure tokenization.

Customer centricity and partnerships yield 25% year-over-year growth for PandaPay with Nuvei

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Learn how PandaPay's collaboration with Nuvei drove 25% year-over-year growth by delivering innovative payment solutions and streamlined onboarding for SMBs in Canada.

Revolv3 boosts approvals for merchants by up to 14% with Nuvei

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Discover how Revolv3's partnership with Nuvei optimized subscription billing, increased payment approval rates by 14%, and enhanced global payment processing capabilities.

Navigating Visa’s new VAMP program

navigating-visas-new-vamp-program

How does merchant payment processing work?

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Discover how merchant payment processing works from transactions to approvals, and explore the key players and systems behind efficient payment handling.

How to accept payments online for your business

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Learn how to accept payments online for your business with this in-depth guide from Nuvei. Explore methods, tools, and tips to streamline transactions grow revenue.

What is a secure payment system? Understanding safety in transactions

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A secure payment system protects customer data and prevents fraud using advanced tech, robust infrastructure, and strict policies.

What are cross-border payments? How do they work?

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Cross-border payments transfer money between countries in different currencies via cards, digital wallets, or bank transfers.

Elite Card Processing builds business and success with 95% customer retention rate

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Learn how Elite Card Processing partnered with Nuvei to deliver innovative payment solutions, achieving 95% customer retention and 90% faster issue resolution times.

Make the Impact triples year-over-year revenue with world-class payments and outstanding customer service

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Discover how Make the Impact achieved 99% customer retention and 3X revenue growth by partnering with Nuvei for streamlined payment processing and exceptional customer service

False declines: A $308 billion problem that demands strategic risk management

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Explore how eCommerce businesses can address false declines costing them $308B annually. Learn strategic risk management to optimize payments and retain customers.

Breaking barriers: How Merchant of Record solutions simplify global expansion for subscription platforms

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Discover how merchant of record, local acquiring, and tailored payment strategies empower subscription platforms to navigate compliance, boost conversions, and scale globally.

From Black Friday to New Year: A guide for record-breaking sales during peak season

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Discover expert payment solutions to boost eCommerce sales from Black Friday through winter holidays. Learn how to manage high volumes, prevent fraud and false declines, optimize authorizations, and meet diverse customer payment preferences.

Essential guide to payment tokenization: benefits and best practices

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Payment tokenization secures transactions by replacing sensitive data, like credit card numbers, with a unique "token" that holds no actual payment information.

eWallet vs. mobile Wallet: understanding the key differences

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E-wallets enable online purchases without a physical card, while mobile wallets allow in-store purchases without using your card.

What are merchant services and how do they work?

what-are-merchant-services

Merchant services offer businesses solutions to accept and process payments like credit cards, debit cards, and mobile wallets, ensuring secure, seamless transactions.

What is a chargeback? A definition and guide

what-is-a-chargeback-a-definition-and-guide

A chargeback is a refund to a debit or credit card after a customer disputes a charge. It was designed to protect customers from fraud and unauthorized transactions.

The ultimate guide to payment terminals

the-ultimate-guide-to-payment-terminals

A payment terminal is a device that lets businesses accept credit and debit card payments. It can be countertop, mobile, or part of a POS system.

Anti-modern slavery reporting (UK)

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nuvei.com/service-pages/

Nuvei Corporation's 2023 statement on compliance with the U.K. Modern Slavery Act

Anti-modern slavery reporting (Canada)

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nuvei.com/service-pages/

Nuvei's Supply Chain Transparency Report in compliance with the Fighting Against Forced Labour and Child Labour in Supply Chains Act

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