Québec, Canada-based Nuvei, a fintech company, has acquired Amsterdam-based Payaut, a fintech startup that provides an automated payment solution for online platforms and marketplaces.
Ernst Van Niekerk, CEO of Payaut, announced about the acquisition through a LinkedIn post.
“Payaut is entering a new phase. We’re now part of the Nuvei family. Thank you, Phil Fayer and the Nuvei team, for your trust. Looking forward to the next phase, where I will stay on as CEO of Payaut, Nuvei Group,” says Niekerk.
As a part of the acquisition, the Amsterdam company will be merged under Nuvei Group and will be led by Ernst Van Niekerk.
Payaut: Payment solution for marketplaces
Founded in late 2019 by Ernst van Niekerk and Gillis Haasnoot, Payaut provides automated solutions such as reconciliation, balance management, invoicing, seller verification through KYC checks, and split payments.
The API-driven platform enables customers of any size to efficiently and securely manage their payments and finances while also remaining compliant with legislation such as PSD2.
The company obtained its licence to provide payment services from De Nederlandsche Bank (Dutch central bank – DNB) in July 2021.
Payaut acts as an intermediary between sellers and different Payment Service Providers (PSPs).
Nuvei: flexible and scalable technology for payments
Nuvei provides flexible and scalable technology that helps companies accept modern payments and offer various payout options.
It also includes services like card issuing, banking, and fraud management.
Operating in over 200 markets and supporting more than 150 currencies, Nuvei allows businesses to connect with their customers through just one integration, making it easier to succeed both locally and internationally.
