Nuvei completes acquisition of SafeCharge for US $889m

Nuvei completes acquisition of SafeCharge for US $889m

Montreal-based payment technology firm and provider of global payment solutions, Nuvei, announced that it has completed the acquisition of SafeCharge International Group Limited for approximately US $889 million.

LeapRate reminds that the Financial Conduct Authority has approved the proposed change in control of SafeCharge Financial Services Limited last month. The acquisition creates a global payment solutions provider with significant scale, able to service clients of any size across the world. The headquarters for the new combined organization will be in Montreal, Quebec.

By leveraging SafeCharge’s technology, Nuvei reinforces its global proposition and delivers fully-supported payment solutions to its clients and distribution networks, regardless of size, vertical or geography. Its platform offers direct connections to all major payment card schemes worldwide, and also supports over 150 currencies and 180 payment types.

This marks the dawn of a new, exciting journey for Nuvei,” stated Philip Fayer, Nuvei’s Chairman and CEO. “Thanks to SafeCharge’s technology platform, we’ve enhanced our ability to deliver powerful payment solutions to our technology partners, merchants and resellers. With offices across 14 countries and unparalleled fintech expertise, we’ve transformed our combined organization into a diversified, global payments leader with massive scale and reach.

Safecharge CEO results

David Avgi, SafeCharge

David Avgi, CEO of SafeCharge commented:

We are jointly creating an international payment giant with an unrivalled talent pool and technology stack. We are thrilled to be part of a bigger entity to further the adoption of the most innovative payments technology globally. The move will also provide our employees with more long-term career opportunities and be part of a global company, which we can all be very proud of.

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