The payments processor, which is backed by the Caisse de dépôt et placement du Québec and Canadian actor Ryan Reynolds, posted net income of US$5.3 million in the second quarter, down 54 per cent from a year earlier. Revenues were up 13 per cent, to US$345.5 million. (The Logic)
Skip to content
The payments processor, which is backed by the Caisse de dépôt et placement du Québec and Canadian actor Ryan Reynolds, posted net income of US$5.3 million in the second quarter, down 54 per cent from a year earlier. Revenues were up 13 per cent, to US$345.5 million. (The Logic)
Talking point: The results come after Nuvei agreed in April to be taken private by Boston private equity firm Advent International in an all-cash deal valuing the Montreal fintech company at US$6.3-billion. Quebec’s highest court approved the transaction in June, and the deal could close as soon as late 2024. The results also come just days after Nuvei announced a plan to acquire Brazilian payments company Pay2All for an undisclosed price, marking the company’s latest effort to expand into Latin America after it started offering in-country payments services in Colombia earlier this year.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Banks must share account numbers and product data under draft open banking rules
Briefing
Carney plans to discuss US$135B defence bank with new U.K. prime minister
B.C. nearing federal MOU of its own as talks continue on Alberta’s West Coast pipeline
Quebecor urges CRTC to block Corus restructuring as part of takeover push
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
