Pivotal Payments, a Montréal-based provider of payment processing solutions, has been rebranded as Nuvei.
Nuvei said the rebranding reflects its focus on partner growth initiatives and creates a “first-ever community of payment experts.” It also merges the company’s corporate arm with its GlobalOnePay division.
As reported by PE Hub Canada, Nuvei was backed last year by Novacap and Caisse de dépôt et placement du Québec (CDPQ). The deal valued the business at about $525 million.
Pivotal Payments rebrands as Nuvei, focuses on partner growth initiatives
New brand creates first-ever community of payment experts—a network where collaboration extends beyond typical boundaries, giving way to bigger and better payment opportunities for all
MONTREAL and PLANO, Texas, Oct. 23, 2018 (GLOBE NEWSWIRE) — Pivotal Payments, a leading provider of technology-driven global payment processing solutions, announces that beginning today, the company will operate under the new brand name of Nuvei. The rebrand reinforces the company’s dedication to its partners, creating the first-ever community of payment experts. Nuvei’s fully-supported payment solutions, capabilities and people form the backbone of its fintech network, with the goal of promoting and advancing its partners’ success.
“Our ability to connect and collaborate with our partners makes us who we are. It’s our commitment to their success that makes us valuable,” said Philip Fayer, chairman and CEO of Nuvei. “The relationships we build and the way in which we continuously surpass ourselves to support and serve our partners are paramount. They fuel our brand.”
While other solutions providers sell function, Nuvei’s network presents better business opportunities, propelling its partners further, faster. The company offers single-platform access to omni-channel payments, integrated solutions and a robust payment facilitation platform. Partners also benefit from direct connectivity into the world’s largest and most lucrative markets, all backed by the company’s deep level of expertise.
“It starts with a vision-driven team. Thanks to our individual and collective ability to build and nurture relationships with our partners, our capacity for client care and responsiveness is second to none,” said Mark Pyke, president of Nuvei. “Attentiveness and support are what we do best, and what separates us from competitors. That’s what we’re all about; prosperity through collaboration.”
The rebrand also merges the company’s corporate arm with its GlobalOnePay division. The integration of both teams better meets the business’ strategic needs, delivering greater value, cost synergies and a powerful, combined technology stack. The business model is built on enhancing the company’s ability to provide a payment technology network where each and every employee contributes to the growth of its partners.
Nuvei counts over 400 employees, 1,500 partners and services more than 50,000 merchants. In 2017, the company entered into a strategic investment agreement with private equity firm Novacap and Canadian pension fund manager Caisse de dépôt et placement du Quebec (CDPQ). The move furthered its advancement of fintech solutions and expansion into new markets.
The company’s new website www.nuvei.com includes information on Nuvei’s partner programs, solutions and benefits of joining its network.
ABOUT NUVEI We are Nuvei, the first-ever community of payment experts. We provide fully-supported payment solutions designed to promote and advance our partners’ success. We work with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need to stand out. Backed by our full-service, globally connected platform, our vision is to build a network in which our partners can truly thrive. Our goal is to create bigger and better payment opportunities for all, paving the way to great partnerships. Learn more at www.nuvei.com