Nuvei Corporation, backed by Advent International, has agreed to acquire Payoneer Global Inc. in a $2.75 billion take-private transaction. The deal values the New York-based financial services company at approximately $2.75 billion and represents one of the larger private equity-backed acquisitions in the payments sector this year.

Payoneer operates as a global payments platform serving businesses and individuals across more than 200 countries and territories. The company provides cross-border payment solutions, working capital, and digital wallet services to over five million customers worldwide. Headquartered in New York, Payoneer has built a significant presence in emerging markets where traditional banking infrastructure remains limited.

The acquisition comes as private equity firms continue targeting fintech companies with recurring revenue models and global scale. Take-private deals have gained momentum as public market valuations for growth companies have come under pressure. This transaction allows Advent and Nuvei to consolidate Payoneer's operations while potentially positioning for future public listing or additional strategic moves.

For investors, the deal signals continued consolidation in the payments industry as companies seek scale advantages. The $2.75 billion price tag reflects confidence in Payoneer's growth trajectory and its position in the cross-border commerce market.