Nuvei to Acquire Payoneer in $2.75 Billion Fintech Consolidation

Nuvei plans to purchase all outstanding shares of Payoneer at $7.40 apiece, valuing the cross-border specialist significantly higher than its $2.26 billion market capitalization. The transaction, slated to close in mid-2027, remains subject to shareholder approval and standard regulatory clearances. Once integrated, the combined entity expects to reach $3 billion in annual revenue while processing over $500 billion in payment volume.

Beyond simple scale, the acquisition provides Nuvei direct access to a prestigious client list including Amazon, Walmart, eBay, and Airbnb. According to CEO Phil Fayer, the move is designed to unify disparate financial services—ranging from treasury management and foreign exchange to AI-driven commerce and stablecoin transactions—into a single, comprehensive platform. A syndicate of banks including BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo is providing the necessary financing to support the buyout.