Canadian fintech firm Nuvei has received a significant financial boost with the addition of Ryan Reynolds to its investor ranks.
The Vancouver-born actor, star of the Deadpool duology, is globally recognized as a serial entrepreneur with a track record of investment into high-growth companies.
Nuvei appears to fit into that strategy, perhaps evidenced by its $1.3bn acquisition of US payment and commerce solutions company Paya Holdings in February.
Commenting on Reynolds’ recent investment into Nuvei, Chair and CEO Phil Fayer said: “We’re thrilled to welcome Ryan to the Nuvei family.
“We’re a global company but extremely proud of our Canadian roots and values, so to have one of the most internationally recognizable Canadians, as well as an entrepreneur with such renowned business acumen, join our investors is a privilege.”
Nuvei currently has card acquiring services in more than 200 markets, including direct local acquiring in over 47 countries, as well as access to more than 600 alternative payment methods.
Expansion has also been on the agenda of late, with Nuvei making ‘significant strides’ to grow its market share in both LATAM and APAC, including recently launching local acquiring capabilities in Hong Kong, Singapore, and Australia.
Reynolds, meanwhile, is currently making waves in the world of soccer with Wrexham Football Club, which he owns alongside ‘It’s Always Sunny in Philadelphia’ star Rob McElhenney.
Mint Mobile, the budget wireless provider partly-owned by Reynolds, was also acquired by T-Mobile US for $1.82bn last month as the actor continues his high-profile business dealings.
Reynolds said: “I know about as much about fintech as I did about gin or mobile a few years ago. But Nuvei is impressive.
“The leadership team is exceedingly intelligent and hard-working and it’s about time a Canadian company got the type of attention American tech companies do.”