Nuvei Completes Acquisition Deal of Base Commerce

Nuvei Corporation (formerly Pivotal Payments), a global electronic payment processing firm, announced on Monday that it has completed the acquisition of substantially all of the assets of Base Commerce, LLC, a U.S. technology firm specializing in providing integrated payments solutions designed for software and application service providers.

As Fazzaco reported in December, Nuvei entered into a purchase agreement​ to acquire Base on 1 December 2020. According to Nuvei's Chairman and CEO, this acquisition will boost Nuvei's product capabilities with a proprietary AHC processing platform as well as enlarge the company’s distribution network.

Nuvei, as the payment technology partner of thriving brands, has went public on the Toronto Stock Exchange in September 2020 and is the largest private and non-bank payment processor in Canada. The company's proprietary platform which supports 450 local and alternative payment methods and nearly 150 currencies offers direct connections to payment card schemes worldwide.