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Nuvei (TSX:NVEI) acquires SimplexCC Ltd.

Technology
TSX:NVEI
01 September 2021 16:30 (EDT)

Source: Simplex

Nuvei (NVEI) has completed the acquisition of SimplexCC Ltd.

Simplex is a leading fiat-cryptocurrency gateway connecting market participants, including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell digital assets including 45+ cryptocurrencies, NFTs, and over 50 fiat currencies.

Simplex provides fraudless payment acceptance, resulting in higher conversion rates and better liquidity simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance (DeFi) providers.

Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals while introducing all of Nuvei’s product solutions and capabilities to Simplex’s customers.

Nuvei is a global payment technology partner of thriving brands. Uniting payment technology and consulting, Nuvei helps businesses remove payment barriers, optimize operating costs and increase acceptance rates. Nuvei’s proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets.

Nuvei Corporation (NVEI) is down 1.64 per cent, trading at C$160.84 per share at 4:30 pm ET.

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