Nuvei Results Presentation Deck
Mazooma acquisition
Overview
Leading account-to-account payments provider in U.S. online gaming and
sports
Patented technology can be found on the cashier of igaming and sports
wagering operators in the U.S.
Offers a best-in-class experience, seamless integration, and secure bank
connections
Registered vendor in 9 states, with permission in 12 states, and holds
money transmitter licenses and exemptions in 47 states
Instant Bank Transfer payment solution featuring same-day ACH for pay-
ins and payouts; connected to 11,000 financial institutions in the U.S.
Integrated with the majority of U.S. gaming platforms and online gaming
and sports betting operators and is expected to process more than $2B of
ACH total volume (¹) in 2021
Strategic Rationale
Enhances and expands Nuvei's portfolio of APMs with a leading ACH
platform with both pay-in and payout functionality
Gives Nuvei the vendor registration, compliance, and infrastructure to
address merchant's requirements in regulated U.S. states
Transaction Summary
Announced acquisition on April 16, 2021
Purchase price of $56 million plus additional consideration subject to
the achievement of specific performance criteria (over a maximum
3-year period from the closing date); total max consideration of ~$315
million
-24% of the consideration is expected to be paid via the issuance of
subordinate voting shares with the remainder to be paid in cash
Transaction is subject to the prior approval of the Toronto Stock
Exchange as well as customary closing conditions
26 (1) Total volume does not represent revenue earned by Mazooma, but rather the total dollar value of transactions processed by merchants under contractual agreement with Mazooma.
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.
nuvei
Payment Technology PartnerView entire presentation