Move over Mike Katchen, there's a new king of fintech - with unicorn status
Summary
He actually had another business prior to Nuvei, called Paysystems Corp., which initially grew very fast, but then was the victim of a rule change and had to close. There was also a more veteran co-founder and CFO figure named Lester Fernandes, a former BMO Capital Markets banker who also made a pretty penny and now runs his own family office. Other key players include David Nault, who was an early senior biz dev guy, and then went on to start fintech VC Luge Capital. Philip has an interesting life story as well, being born in Montreal, growing up in Belgium and Israel, losing his father at age 16 and attending military school in the US. Coveo and Nuvei are the only two Canadian companies that currently qualify for the unicorn title, ie a private tech-y, startup-y firm valued at over a billion dollars.
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