Yahoo Finance Nuvei Chair and CEO Philip Fayer on the Power of a Unified Payment Platform – Highlights and Full Video Interview
By John Jannarone and Jarrett Banks
IPO Edge recently hosted a fireside chat with Nuvei Corp. Chair and CEO Philip Fayer to discuss his plans for the newly-listed public company, which he founded in 2003.
Nuvei, which shattered records as Canada’s largest-ever tech IPO last year, operates across omni-channel, ecommerce, and iGaming – providing a single payment platform integration to help merchants of all sizes and in any location access the global marketplace.
The stock has risen 170% since pricing in September, outpacing the pack and drawing the attention of international investors. The company has been profitable for years but also continues to grow at an impressive pace, with consensus estimates for 45% revenue growth in 2021, according to Sentieo, an AI-enabled research platform.
Highlight Clip Above – Click Here for Full Interview
“Our ethos is all about helping our customers connect with their customers,” Mr. Fayer said. He underscored how Nuvei allows customers to simplify their businesses with “one relationship, one integration to collapse your inefficient technical stack, have one front office, one back office and one reconciliation tool for you to operate and connect with your customers.”
Mr. Fayer explained that Nuvei has gone to great lengths to help clients operate wherever they want and use as many forms of payment as possible. Nuvei helps customers connect in 200 markets accepting 455 forms of alternative payments and recently added 40 cryptocurrencies to the exchange.
Nuvei wants to help customers “sell more and do more as they expand around the world,” he said, adding that the company also is able to customize to meet unique customer needs. “One size does not fit all” he said.
He emphasized that Nuvei has several engines of growth, including bigger wallet share, a broader service offering to existing customers, and the ability to continue winning new business – wherever it may be.
“What’s fascinating about our business…is that we operate globally,” he said. “Ultimately our can fit in all four corners of the world.”
He also explained that while Visa and Mastercard dominate payments in many places like the U.S., it’s not the case in many countries where Nuvei operates. “We are constantly innovating and creating evolutions to the product that make sense for our customers to connect into regions that are relevant with their customers.”
PLEASE CLICK HERE TO WATCH THE FULL 15-MINUTE INTERVIEW
OR CLICK HERE TO READ ANOTHER Q&A WITH MR. FAYER
Contact:
Twitter: @IPOEdge
Instagram: @IPOEdge
