Israeli-founded Payoneer agrees $2.75bn sale to Nuvei
The cross-border payments company will become part of the Canadian fintech group, creating a platform expected to handle around $500bn in annual transaction volume
Israeli-founded payments company Payoneer has agreed to be acquired by Canadian fintech group Nuvei in a $2.75 billion all-cash deal, creating one of the world’s largest platforms for cross-border commerce.
Under the terms of the agreement, Nuvei, which previously acquired Israeli-founded payments company SafeCharge from entrepreneur Teddy Sagi, will acquire all outstanding shares in Payoneer for $7.40 per share. This represents a premium of around 44 percent to the company’s closing share price on 8 June, before reports of takeover discussions emerged. The transaction is expected to complete in mid-2027, subject to shareholder and regulatory approvals.
Founded in 2005 by Israeli entrepreneur Yuval Tal, Payoneer has grown into one of the country’s most successful fintech companies, helping businesses, freelancers, online sellers and marketplaces send, receive and manage payments across borders.
The company now serves customers in more than 190 countries and territories and has become a key payments partner for global platforms including Amazon, Walmart, eBay and Airbnb.
The acquisition will combine Payoneer’s cross-border payments expertise with Nuvei’s merchant payment processing platform. The companies said the combined business is expected to generate approximately $3 billion in annual revenue and process more than $500 billion in annual payment volume.
US-based John Caplan, chief executive of Payoneer, described the deal as the beginning of a new phase for the company.
Posting on LinkedIn, he wrote: “What started as a simple and ambitious plan – helping businesses grow across borders – has become a global platform trusted by businesses in more than 190 countries and territories,”
He added that combining with Nuvei would bring together “highly complementary capabilities” and create “something far bigger than either company could build alone.”
Caplan said the combined company would be positioned to benefit from what he called a new global innovation cycle in payments.
Phil Fayer, chairman and chief executive of Nuvei, described the acquisition as “a defining step in Nuvei’s evolution into a global financial infrastructure leader.” He said: “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 deal marks another significant milestone for Payoneer, which went public on Nasdaq in 2021 through a SPAC merger that valued the business at approximately $3.3 billion. Over the past two decades the company has established itself as one of Israel’s most internationally recognised fintech success stories, helping millions of businesses participate in global trade.
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