Nuvei will acquire Payoneer for $2.75 billion, creating a global commerce platform serving more than 2.4 million customers.
The combined company is expected to generate approximately $3 billion in annual revenue and process over $500 billion in payment volume annually
The deal strengthens capabilities across cross-border payments, stablecoins, embedded finance, treasury management, and global payouts
Canadian fintech Nuvei has agreed to acquire cross-border payments specialist Payoneer for $2.75 billion, creating one of the largest independent global payments platforms for digital businesses, marketplaces, and enterprises, and putting it on a collision course with Stripe, which was last valued at $91.5 billion.
Under the agreement, Nuvei will buy all outstanding shares of Payoneer for $7.40 per share in cash. At close, the combined company is expected to generate around $3 billion in annual revenue, process more than $500 billion in annual payment volume, and serve more than 2.4 million customers across more than 190 countries and territories.
