Montreal’s Nuvei (formerly Pivotal Payments) announced it has completed a $358 million common equity financing, valuing the company at $2.65 billion.
The investment comes primarily from Nuvei’s existing shareholders: leading Canadian private equity firm Novacap, supported by some of its key limited partners, and Caisse de dépôt et placement du Québec (CDPQ).
Nuvei delivers omnichannel, end-to-end payment acceptance solutions, streamlined payouts, foreign exchange services, local acquiring, risk management, and value-added business services in the U.S., Canada, Europe, Latin America, and Asia Pacific.
Nuvei empowers businesses and organizations to grow locally and globally, delivering these capabilities through a single, unified platform.
This financing allows Nuvei to further bolster both its organic and acquisition growth plans.