The Montreal-based fintech company is buying Base Commerce, an integrated payment-solution provider, for an undisclosed sum. The deal is expected to close around December 31. (The Logic)
The Montreal-based fintech company is buying Base Commerce, an integrated payment-solution provider, for an undisclosed sum. The deal is expected to close around December 31. (The Logic)
The Montreal-based fintech company is buying Base Commerce, an integrated payment-solution provider, for an undisclosed sum. The deal is expected to close around December 31. (The Logic)
Talking point: Nuvei’s purchase of Phoenix-based Base Commerce comes less than a month after it completed the acquisition of Smart2Pay, another digital-commerce payment company. Nuvei CEO Philip Fayer recently indicated that he had a “deep pipeline” of global acquisition targets, after a blockbuster $833-million public offering on the TSX in September. “This [Base] acquisition will significantly expand our product capabilities with a proprietary [automated clearing house] processing platform as well as further build and diversify our acquiring portfolio, adding high margin verticals,” Fayer said. Last August, Nuvei spent a whopping US$889 million to acquire U.K.-based payment-solution provider SafeCharge International Group, which already had a solid foothold in Europe, Asia and Latin America.
Loading...
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseIf you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseYou 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.
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.