Nuvei to Value Payoneer at About $2.7B Including Debt, Sources Say

• The $2.7 billion purchase price includes Payoneer's cash, with an enterprise value of approximately $2.3 billion
• Talks are advanced and a deal could be signed in the coming days, though terms could still change or fall through
• The acquisition would combine Nuvei's merchant payment acceptance platform with Payoneer's cross-border payment networks for suppliers, freelancers, and sellers

Nuvei to Acquire Payoneer for $2.7 Billion

Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for approximately $2.7 billion, including cash, according to sources familiar with the matter. The transaction implies an enterprise value of about $2.3 billion for the New York-based company.

Deal Structure and Timeline:

Nuvei, backed by private equity firms Advent International and Novacap, along with Canadian investment group CDPQ, could finalize the acquisition within days. However, sources caution that talks are ongoing and terms could change or the deal may not materialize.

Strategic Rationale:

The acquisition would create a complementary payments platform, combining Nuvei's merchant payment acceptance capabilities with Payoneer's cross-border payment networks serving suppliers, freelancers, and sellers. This combination would strengthen Nuvei's position in the global payments ecosystem.

Market Implications:

The deal represents significant consolidation in the fintech payments sector, particularly in cross-border transactions—a growing market segment. For Payoneer, the $2.7 billion valuation provides an exit for shareholders in what has been a challenging environment for publicly-traded fintech companies. The involvement of major private equity players signals continued institutional confidence in the payments infrastructure space despite recent market volatility.

Both Nuvei and CDPQ have not responded to requests for comment, while Payoneer and Advent declined to comment on the potential transaction. The deal, if completed, would mark one of the notable M&A transactions in the payments sector this year.