Funding Payments

Ryan Reynolds Breaks Into Fintech With Investment in Payments Firm Nuvei

Canadian payments company Nuvei has received an investment from Hollywood actor, producer and entrepreneur Ryan Reynolds. Details of the investment was not disclosed.

Nuvei’s card acquiring services is available in more than 200 markets, including direct local acquiring in over 47 countries, as well as access to more than 600 alternative payment methods. The firm connects e-commerce businesses with their customers wherever they are in the world and however they want to pay.

In 2023 alone, Nuvei had completed the acquisition of B2B and integrated payments technology provider Paya in a US$1.3 billion deal.

The company has also made significant strides to grow its market share in both LATAM and APAC, including recently launching local acquiring capabilities in Hong Kong, Singapore, and Australia.

Reynolds’ latest investment comes less than a month after it was announced that Mint Mobile, the budget wireless provider that he had partly owned, had been acquired by telecoms giant T-Mobile US Inc. for US$1.35 billion.

His other high-profile investments include American Aviation Gin and Wrexham Football Club.

Ryan Reynolds

Reynolds said,

“I know about as much about fintech as I did about gin or mobile a few years ago. But Nuvei is impressive. The leadership team is exceedingly intelligent and hard-working and it’s about time a Canadian company got the type of attention American tech companies do.”

Philip Fayer

Philip Fayer, Chair and CEO at Nuvei said,

“We’re thrilled to welcome Ryan to the Nuvei family. We’re a global company but extremely proud of our Canadian roots and values, so to have one of the most internationally recognizable Canadians, as well as an entrepreneur with such renowned business acumen, join our investors is a privilege.”