Payments company Nuvei has scored $270m in a common equity financing round, raising its valuation to $2bn.
Capital for the round was supplied by previous Nuvei investors including Novacap and Caisse de dépôt et placement du Québec.
With the round closed, the FinTech is looking to boost its growth both organically and through acquisitions.
The Canadian FinTech builds omni-channel, end-to-end payment acceptance solutions, streamlined payouts, foreign exchange services, local acquiring, risk management and value-added business services across US, Canada, Europe, Latin America and Asia Pacific.
The platform can connect business with 150 currencies around the world and access to 180 alternative payment methods.
Nuvei chairman and CEO Philip Fayer said, “I’d like to thank our partners for helping us continue to expand the breadth and reach of our fintech solutions around the world.
“It further reinforces our strategy of growing organically and through complementary M&A activities, including technology partnerships, that will make a significant impact to the markets and businesses in which we operate.”
This investment comes just months after Novacap completed the $889m buyout of Safecharge to make it a bolt-on to Nuvei. Safecharge offers omni-channel payment services, ranging from card acquiring and issuing to payment processing and checkout.
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