After he sold his company for over $1 billion, Ryan Reynolds’ investing spree co...
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After he sold his company for over $1 billion, Ryan Reynolds’ investing spree continues with a fintech company that has ties to Binance and DraftKings
just super excited.
Ryan Reynolds has invested in a diverse range of businesses over the last few years, from alcohol company Aviation Gin to budget mobile cell phone service Mint Mobile. Now, Reynolds is investing again, this time in Nuvei, a fintech payments company based in Montreal.
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“I know about as much about fintech as I did about gin or mobile a few years ago. But Nuvei is impressive,” Reynolds said in a statement about his stake on Monday. “The leadership team is exceedingly intelligent and hard-working and it’s about time a Canadian company got the type of attention American tech companies do.”
And, as he’s done for other businesses, Reynolds starred in a short promotional video for the company, which he posted on Twitter.
This I assure you… @nuvei will never ever build a rocket. pic.twitter.com/pyVdLSraW8
— Ryan Reynolds (@VancityReynolds) April 17, 2023
Reynolds’ investment comes just weeks after he sold Mint Mobile to T-Mobile for $1.35 billion, a business he helped grow in part through his marketing efforts. The actor made an estimated $300 million from the deal with a 25% stake in the business. He previously sold Aviation Gin for $610 million in 2020, although his stake in that company is unknown. Reynolds’ other investments include Welsh soccer team Wrexham, and his marketing firm Maximum Effort.
Nuvei was founded 20 years ago and is active in about 200 markets. It partners with platforms like crypto exchange Binance and fantasy sports and betting platform DraftKings to offer payment services to users, and is worth nearly $6 billion, according to Bloomberg.
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