Nuvei buys Payoneer for $2.75B to challenge Stripe

Nuvei acquired Payoneer for $2.75 billion, or $7.40 per share in cash. The combined company expects $3 billion in annual revenue, over $500 billion in payment volume, and 2.4 million customers across 190 countries. The deal positions Nuvei to compete with Stripe, valued at $91.5 billion.