Nuvei, formerly known as Pivotal Payments, is a privately owned electronic payment processing company. It is the first-ever community of payment experts.
Nuvei delivers omnichannel, end-to-end payment acceptance solutions, streamlined payouts, foreign exchange services, local acquiring, risk management, and value-added business services.
Nuvei was established in 2003 by Philip Fayer. The company is headquartered in Montréal, Québec, Canada. The company offers it's solutions 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.
Nuvei’s proprietary native platform makes it easy to connect with the global economy and begin transacting with clients in over 150 currencies worldwide. With support for over 180 alternative payment methods, this makes Nuvei one of the few established payment processors with truly global acquiring capabilities.
Nuvei also equip ISOs, ISVs, payment facilitators, developers, and eCommerce platforms with the technology, expertise and customer service they need to stand out. The company processes over 34 billion US dollars in transactions per year.
Nuvei is backed by Novacap, Goldman Sachs, Caisse de dépôt et placement du Québec and others. The company completed $270M (CA$358M) in a Private Equity Round on Dec 11, 2019. The round values the company at $2B (CA$2.65B).
Nuvei has acquired SafeCharge for CA$1.1bllion (US$889M) in Aug 2019. Nuvei was also nominated one of Canada's Best Managed Companies by Deloitte Canada, while Philip Fayer won the EY Entrepreneur of The Year® 2019 Award in the Fintech category.