Canadian payments company Nuvei is in advanced talks to acquire cross-border payments firm Payoneer Global for approximately $2.7 billion, according to sources familiar with the negotiations.
The deal would combine two significant players in the digital payments space. Nuvei, a Toronto-based payment technology company, processes transactions across multiple channels and geographies. Payoneer Global operates a platform enabling cross-border payments and financial services for freelancers, businesses, and creators worldwide.
The acquisition would expand Nuvei's reach in the cross-border payments market, a sector experiencing sustained growth as digital commerce and remote work continue globally. Payoneer's existing user base and payment infrastructure would complement Nuvei's current capabilities.
No announcement has been made publicly, and deal terms remain subject to negotiation. The talks are described as advanced, though completion is not guaranteed. Both companies have not yet issued official statements regarding the potential transaction.
The payments industry has seen significant consolidation activity as companies seek to expand service offerings and geographic footprint.
Thoma Bravo founder Orlando Bravo is moving to reassure investors that his private equity powerhouse is positioned for the AI era, following significant losses on software company Medallia.
Accenture Plc reported a record 20% stock drop after issuing a weak revenue forecast. The consulting giant cited artificial intelligence disruption and client hesitation tied to Middle East tensions.
Illinois Gov. JB Pritzker signed the state's budget with new taxes targeting social media companies, digital advertisers, and cryptocurrency markets. The measures are expected to face legal challenges.
Csquare Inc., a data center company backed by Brookfield Corp., has filed for a US initial public offering. The move positions the firm amid growing investor appetite for AI infrastructure plays.