Key facts
- Nuvei will acquire Payoneer for approximately $2.75 billion in cash.
- The offer price represents a 44% premium to Payoneer's closing price on June 8.
- Payoneer shareholders will receive $7.40 per share.
- The transaction is expected to close in mid-2027.
- The combined entity is projected to generate $3 billion in annual revenue and process over $500 billion in annual payment volume.
Nuvei, a Canadian fintech company, has announced its intention to acquire cross-border payments firm Payoneer for approximately $2.75 billion in cash. The deal, which represents a premium of about 44% over Payoneer's last closing price on June 8, aims to significantly expand Nuvei's global footprint and capabilities.
Payoneer, which helps businesses manage cross-border payments and multi-currency transactions, holds licenses in major markets. The acquisition is expected to position Nuvei for growth in areas such as stablecoin transactions and AI-driven commerce, while also granting access to key marketplace clients including Amazon, Walmart, eBay, and Airbnb.
Upon completion, the combined entity is projected to generate around $3 billion in annual revenue and process more than $500 billion in annual payment volume. Nuvei CEO Phil Fayer stated that the merger will offer businesses a more comprehensive platform for payment acceptance, fund disbursement, card issuance, treasury and FX management, and embedded financial services.
Financing for the transaction is being provided by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo. Goldman Sachs is acting as the lead financial adviser to Nuvei, with Barclays Capital also providing advisory services. Qatalyst Partners is serving as the exclusive financial adviser to Payoneer.
The transaction is subject to shareholder approval from Payoneer and regulatory clearances, with an expected closing date in mid-2027.