Nuvei Strikes $2.75bn Deal for Payoneer

Canada’s Nuvei has agreed to acquire Payoneer in an all-cash deal valued at $2.75 billion, combining two of the payments industry's best-known names as firms race to build global scale in cross-border commerce.

Under the terms of the agreement, Nuvei will pay $7.40 a share for the New York-listed payments company, representing a 44% premium to Payoneer's closing price on June 8, before reports of a potential transaction emerged.

The deal is expected to close in mid-2027, subject to shareholder and regulatory approvals, and will create a "unified financial infrastructure", the two businesses said.

Payments companies are under increasing pressure to broaden their reach as new technologies reshape the sector, and this deal signals a preference to seek scale through acquisitions rather than building internal solutions.

This acquisition integrates Nuvei's merchant payment technology with Payoneer's international payout network, multi-currency accounts, and regulatory licenses across more than 150 countries. The combined company is expected to generate around $3 billion in annual revenue and process more than $500 billion in payment volume each year.

Montreal-based Nuvei, which was taken private by Advent International in a $6.3 billion transaction in 2024, has expanded aggressively through acquisitions in recent years. Payoneer, founded in Israel and now headquartered in New York, provides cross-border payment services to online sellers, freelancers, and small businesses, counting Amazon, Walmart, and eBay among its customers.

The transaction will be financed through a combination of cash on hand and committed financing from a syndicate of banks, including BMO Capital Markets, RBC, Barclays, UBS, and Wells Fargo.