Edgar, Dunn & Company (EDC) was asked by the Paypers to elaborate on the size of the B2B ecommerce market and the instrumental factors that will further accelerate this growth. Louis Wapler (Senior Consultant, Paris) prepared this article which was first published by the Paypers in its Cross-Border Payments and Ecommerce Report 2022–2023.
The Canadian technology firm Nuvei has entered definitive agreement to acquire Paya, a U.S. leading provider of integrated payment solutions. This acquisition is expected to create a comprehensive suite of payment solutions and services, adding value to Nuvei's existing offerings to merchants and clients. In particular, it is expected that Nuvei will leverage Paya's existing infrastructure, clients, and technology to grow its capabilities in the integrated payment software as well as the B2B payments markets.
Our client is a fintech acquirer exclusively focused on the B2B marketplace
In this month’s M&A update, Euan Jones (Business Analyst, London) looked at the near-final $1.7bn acquisition of BillTrust. In contrast to 2022’s downturn in payment company valuations and investing activity, the BillTrust deal is another example that meaningful and notable acquisitions are still happening.
Over the past decade, there has been an increasing digitalisation of B2B payments and processes, and fintechs have significantly contributed to this digital transformation.