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Announced

Nuvei to acquire Simplex for c.$250m.

Financials

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Transaction Value£178m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Domestic

Canada

Private

cryptocurrency

Single Bidder

Pending

fintech startup

FinTech

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Synopsis

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Nuvei, the global payment technology partner, agreed to acquire Simplex), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for c.$250m. “Simplex’s infrastructure is a natural fit for Nuvei’s Native Commerce Platform, further strengthening the capabilities and overall value proposition of our single-integration approach to payments. We are excited to welcome Simplex to the Nuvei team,” Philip Fayer, Nuvei Chair and CEO.

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