In its earnings report, the Montreal-based fintech company announced it grew faster in the fourth quarter of 2020 than it ever has in its history, with revenue up 46 per cent and a net income of US$22.6 million, compared to a net loss of nearly US$3.1 million for the same period the previous year. (The Logic)

Talking point: This is Nuvei’s second quarterly earnings report since going public in September, which was the biggest tech IPO in the history of the Toronto Stock Exchange at the time. Nuvei processed US$13.9 billion in payment volume in the fourth quarter, a 53 per cent increase from the same period the year before, with new e-commerce business nearly tripling. The company anticipates its rapid rate of growth will continue, projecting 2021 revenue of between US$570 million and US$600 million, compared to US$375 million in 2020. In a call with investors, chief executive Philip Fayer said a “pandemic bump” helped the company, but that he believes 2020’s expanded customer base will prove “very sustainable and very dependable” as life returns to normal.