FT Partners Advises Smart2Pay on its Sale to Nuvei
Overview of Transaction
- On November 2, 2020, Nuvei Corporation (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has completed the previously announced acquisition of Coöperatieve Vereniging Smart2Pay Global Services U.A. (“Smart2Pay”)
- Headquartered in Amsterdam, Netherlands, Smart2Pay provides merchants, marketplaces, banks and PSPs access to a broad suite of alternative and international payment methods through its one stop shop payment solution
- Smart2Pay’s API connection allows customers to seamlessly integrate with its platform and get access to 200+ payment methods globally and collect funds in 80+ countries
- Nuvei is a global provider of payment technology solutions to merchants and partners in North America, Europe, Asia Pacific and Latin America
- Nuvei’s proprietary platform offers direct connections to all major payment card schemes and alternative payment methods in nearly 150 currencies, processing more than $35 billion transactions annually for its 50,000 customers
Significance of Transaction
- The acquisition is highly strategic and will strengthen Nuvei’s presence in high-growth digital commerce verticals and further expands the Company’s geographic footprint in additional regions
- Furthermore, the transaction creates one of the largest and most complete alternative payment method (APM) solution providers in the world, with 450 APMs supporting online merchants in more than 200 global markets
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Smart2Pay
- This transaction underscores FT Partners' deep Payments domain expertise and its successful track record advising cross-border transactions