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M&A Deal Summary

Nuvei Acquires Simplex

On May 6, 2021, Nuvei acquired financial services company Simplex for 250M USD

Acquisition Highlights
  • This is Nuvei’s 1st transaction in the Financial Services sector.
  • This is Nuvei’s 2nd largest (disclosed) transaction.
  • This is Nuvei’s 1st transaction in Israel.

M&A Deal Summary
Date 2021-05-06
Target Simplex
Sector Financial Services
Buyer(s) Nuvei
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Simplex

Givatayim, Israel
Simplex is a fintech startup providing the fiat infrastructure to the cryptocurrency industry. Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates. Simplex was founded in 2014 and is based in Givatayim, Israel.

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Buyer(S) 1

Buyer

Nuvei

Montreal, Quebec, Canada
Category Company
Founded 2003
Sector Financial Services
Revenue 1.2B USD (2023)
DESCRIPTION

Nuvei is a payment technology platform that offers direct connections to all major payment card schemes worldwide. Nuvei was founded in 2003 and is based in Montreal, Quebec.

DEAL STATS #
Overall 3 of 5
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Israel M&A 1 of 1
Year: 2021 M&A 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Mazooma

Atlanta, Georgia, United States

Mazooma is a payments technology company on a mission to simplify payments. The company provides solution in both igaming and sports wagering, its patented technology can be found on the cashier of igaming and sports wagering operators in the U.S. Offering seamless integration and secure bank connections, Mazooma creates raving fans of both merchants and consumers. Mazooma is based in Atlanta, Georgia.

Buy $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Paymentez

Miami, Florida, United States

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 was founded in 2008 and is based in Miami, Florida.

Buy -
Mergr

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