Payoneer Sells to Nuvei for $2.75B in Bet on Unified Global Payments Infrastructure – AlleyWatch

Nuvei, the global payment technology company, has agreed to acquire Payoneer (Nasdaq: PAYO) for $7.40 per share in cash, valuing the cross-border payments platform at approximately $2.75 billion. The deal, which is expected to close in mid-2027 pending shareholder and regulatory approvals, brings together Nuvei’s payment acceptance infrastructure with Payoneer’s cross-border payout network spanning 190+ countries. “The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader,” remarked Phil Fayer, Chairman and Chief Executive Officer of Nuvei. “By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale.”

The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader. By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale. – Phil Fayer

Founded by Yuval Tal, Ben Yaniv Chechik, and Kai Stalmann in 2005, Payoneer went public on Nasdaq in 2021 via a SPAC merger with FTAC Olympus Acquisition Corp. and had raised a total of $570M in equity funding, backed by investors that include Greylock, Fidelity, TCV, T. Rowe Price, New York Angels, Wellington Management, Viola Ventures, Franklin Templeton, 83North, Nyca Partners, Dragoneer Investment Group, Vintage Investment Partners, CBC Capital, Susquehanna Growth Equity, and Loeb.nyc. Payoneer has built a global financial platform empowering millions of businesses to transact across borders, with cross-border payouts, multi-currency accounts, and same-day settlement in more than 150 markets. Together, the combined company is expected to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume for more than 2.4 million customers across 190+ countries.

“For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build,” remarked John Caplan, Chief Executive Officer of Payoneer. “We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform.”

For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build. We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform. – John Caplan

The acquisition comes as businesses face growing complexity across local and cross-border markets, requiring infrastructure that can support the full transaction lifecycle. The combined entity will bring together Nuvei’s payment acceptance capabilities and Payoneer’s established regulatory footprint — including licensing for online payment services in mainland China and authorization in principle as a cross-border payment aggregator in India — positioning the pair to serve major digital commerce platforms including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce. The transaction also strengthens capabilities in emerging financial models, including agentic commerce and stablecoin payments.