Fintech leader Nayax has announced a pivotal secondary offering on Nasdaq and a strategic acquisition of Brazilian firm VMtecnologia. This move represents a crucial expansion into the Latin American market for Nayax, following an acquisition in the US just half a year prior. VMtecnologia, a significant player in Brazil’s automated self-service industry, serves thousands of retailers across the nation’s diverse economic landscape. This acquisition will add over 18,300 unattended points of sale to Nayax’s portfolio and is expected to immediately impact net income. The transaction involves an upfront cash payment of $13.4 million, with the balance paid over three years, in cash or equity, and a contingent earnout. In addition to the acquisition, Nayax is issuing 2.1 million new shares and selling shares from key executives, with banking giants like Barclays and UBS leading the book-running operations. Nayax, which has seen a notable increase in its share price, is demonstrating impressive growth in revenue and a significant narrowing of its GAAP net loss, alongside positive Adjusted EBITDA figures, signaling Nayax’s strengthening position in the global fintech market.
“Financial Technology (Fintech)”, “Payments and Loyalty Platforms”, “Automated Self-Service”,”Brazil”, “United States”, “Israel”
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