Nuvei Completes Acquisition of Simplex

MONTREAL, Sept. 01, 2021 (GLOBE NEWSWIRE) -- (“Nuvei” and “the Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced the completion of the previously announced acquisition of (“Simplex”). 

Simplex, through its proprietary fraud and risk management tools which are backed by proven artificial intelligence (AI) technology, is a leading fiat-cryptocurrency gateway connecting market participants, including exchanges, brokers, wallet and liquidity providers. Simplex delivers the infrastructure for users to buy or sell (i.e. on-ramp/off-ramp capabilities) digital assets including 45+ cryptocurrencies, non-fungible tokens (“NFTs”), and currently supports over 50 fiat currencies. Simplex provides fraudless payment acceptance to its customers, resulting in higher conversion rates and better liquidity simplifying instant fiat purchases for cryptocurrencies, NFTs and decentralized finance (DeFi) providers. Importantly, Nuvei intends to offer Simplex’s advanced capabilities and enhanced solutions to its merchants across all verticals, similarly introducing all of Nuvei’s product solutions and capabilities to Simplex’s customers.

About Nuvei

We are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform provides seamless pay-in and payout capabilities, connecting merchants with their customers in 204 markets worldwide, with local acquiring in 45 markets. With support for over 480 local and alternative payment methods, nearly 150 currencies and 40 cryptocurrencies, merchants can capture every payment opportunity that comes their way. Our purpose is to make our world a local marketplace.

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Anthony Gerstein

Vice President, Head of Investor Relations