Canadian-listed Nuvei to acquire crypto processor Simplex for $250 million

The Toronto-listed Nuvei Corporation announced the purchase of Israeli payment processor Simplex for $250 million.

#PressRelease: Nuvei announced it has entered into a definitive agreement to acquire @SimplexCC, a fintech startup providing the fiat infrastructure to the cryptocurrency industry.

Full PR: https://t.co/8ALZTB6M8c #NuveiNews #Cryptocurrency #FintechNews #CryptocurrencyNews

— Nuvei (@NuveiTech) May 6, 2021

Nuvei is based in Montreal and provides electronic payment processing. The firm plans to close the deal in the second half of 2021 after regulatory clearance.

“The Simplex infrastructure is a perfect fit for the Nuvei Native Commerce Platform,” the statement said.

Founded in 2014, Simplex provides services to purchase digital assets using credit and debit cards. In 2016 the project closed a Series A round of $7 million.

Simplex является участником платежной системы Visa. Согласно сайту, среди его клиентов — биткоин-биржи Binance, Huobi, OKCoin, сервис BitPay и другие.

Генеральный директор криптопроцессинга Нимрод Лехави [Nimrod Lehavi] в комментарии The Block отметил, что Simplex останется отдельным подразделением Nuvei.

In February 2021, Simplex announced a collaboration with the Opera browser team to integrate the cryptocurrency-purchase gateway.