Nuvei to acquire Simplex for $250 million in cash

MONTREAL: Nuvei Corporation (TSX: NVEI) entered into a definitive agreement to acquire SimplexCC Ltd., a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash, a news release said. The transaction is subject to customary closing conditions, including regulator approval, and is expected to close in…