![]() ![]() Nuvei dismissed the claims as "misleading, false or unrelated to Nuvei’s business," reiterating its commitment to customer support and global marketplace development.Įarlier this year, Nuvei acquired Paya, a smaller rival company, for $1.3 billion, aiming to strengthen its presence in the U.S. Nuvei faced scrutiny when short-seller Spruce Point Capital Management published a report alleging fraud by its top executives. The company went public in both Canada and the U.S., experiencing fluctuations in its stock price. and DraftKings to offer payment services. Nuvei, founded 20 years ago, operates in approximately 200 markets and partners with prominent platforms like Binance Holdings Ltd. With previous investments in Aviation American Gin and ownership of the Welsh soccer team Wrexham, Reynolds continues to expand his business portfolio. Reynolds, who raked in an estimated $300 million from the sale, can attribute much of the company’s success to his impactful marketing efforts. ![]() The investment comes on the heels of Mint Mobile’s recent acquisition by T-Mobile for $1.35 billion. True to his marketing approach, Reynolds starred in a short promotional video for Nuvei, which he shared on Twitter, showcasing his support for the company. StartEngine gives anyone the potential to become the next Reynolds of Investing. Investors are even able to claim a stake in StartEngine itself. People looking to follow in his footsteps can find investment avenues through platforms like StartEngine, which offers investment opportunities in hundreds of startups from emerging mobile companies and fintech ventures. Reynolds is always on the lookout for essential yet less glamorous products to invest in. But Nuvei is impressive.” He further praised the company’s leadership team and emphasized the need for Canadian companies to receive the same attention as their American counterparts. (NASDAQ: NVEI), stating, “I know about as much about fintech as I did about gin or mobile a few years ago. In a statement about his stake, Reynolds expressed his admiration for Nuvei Corp. Learn why everyday gamers and investors are claiming a stake in their side hustle and how they invested over $1.2 million in this startup. Gamers are selling their old gaming items for millions. That's why retail investors have invested over $4 million in This Startup That Invented Programmable, Drinkable Plastic That Dissolves In Water In 60 Hours There are more pounds of plastic in the ocean than pounds of fish. See more on startup investing from Benzinga: In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success.ĭespite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years.
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