Nuvei Closes Acquisition of SafeCharge, for US$889M

Funding Rounds

▤ Summary

The deal creates a global payment solutions provider with scale, to service clients of any size across the world. 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. Led by Philip Fayer, Chairman and CEO, Nuvei provides fully-supported payment solutions designed to promote and advance its partners’ success. It works with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need. Led by David Avgi, CEO, SafeCharge provides global omni-channel payments services from card acquiring and issuance to payment processing and checkout, all supported by advanced risk management solutions.

$ Funding

$
Amount $889.0M Total raised
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Date August 1, 2019 Announcement date
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Investors Nuvei, SafeCharge International Group Lead investors
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Company http://www.nuvei.com Funded company

▥ Classifications

industries
Retail
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Payments Software Fintech Infrastructure Payment Orchestration

▦ Linked Companies

Nuvei
$1M to $5M