Canadian payments processor Nuvei, with the backing of celebrity entrepreneur Ryan Reynolds, is on the verge of a significant buyout deal.

Sources close to the matter reveal that private-equity firm Advent International is currently engaged in advanced discussions with Nuvei, signaling a potential agreement in the near future.

However, while negotiations are progressing, there remains the possibility of the talks collapsing before a final deal is secured.

Nuvei, known for its cutting-edge technology facilitating online retail transactions, sports-betting applications, and cryptocurrency exchanges, has caught the attention of investors and industry players alike.

Forms of payment

The company’s robust platform enables seamless acceptance of various forms of payment, ranging from credit cards to alternative methods, catering to the evolving needs of modern businesses in the digital age.

The involvement of Ryan Reynolds, renowned not only for his acting prowess but also for his ventures in the entrepreneurial realm, adds a layer of intrigue to the impending deal.

With Reynolds lending his support to Nuvei, the buyout represents not only a strategic move within the payments industry but also a testament to the growing influence of celebrity-backed ventures in the financial technology sector.