Nuvei Results Presentation Deck
Simplex acquisition
Overview
Simplex provides the fiat infrastructure for the crypto industry, connecting
market participants including exchanges, brokers, wallet and liquidity
providers
Delivers the infrastructure for users to buy or sell cryptocurrencies (on-
ramp/off-ramp capabilities) using credit and debit cards, with simplified
API integrations for wallets and exchanges
Pioneered the first riskless global fiat onramp using a credit and debit
card, which promises a zero chargeback guarantee
Simplex processed approximately $500 million of total volume (1) in 2020
and is expected to process more than $2.0 billion of total volume (¹) in
2021
Strategic Rationale
Expands Nuvei's capabilities to offer bespoke AML/KYC solutions,
transaction guarantee solutions, and valued added services to 190
liquidity providers and partners.
Provides Nuvei with an EMI license to offer IBAN accounts to end users
and corporations, and offers future banking and card issuing capabilities
Adds turnkey simplicity to the process of buying and selling
cryptocurrency and converting it back to fiat within a user account
Bridges the gap between the blockchain space and traditional finance
Transaction Summary
Announced on May 6, 2021
Purchase price of approximately $250 million, paid in cash
Transaction is subject to customary closing conditions and regulator
approval
28 (1) Total volume does not represent revenue earned by Simplex, but rather the total dollar value of transactions processed by merchants under contractual agreement with Simplex.
Total volume is explained in further detail in the Company's most recent Management's Discussion and Analysis of Financial Condition and Results of Operations.
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Payment Technology PartnerView entire presentation