Nuvei Corp.
Nuvei Corp.
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  • Nuvei Corporation (NVEI) has partnered with fast-growing ready-to-eat meal delivery platform, WeCook as it expands across Canada
  • WeCook is using Nuvei’s payment technology platform and payment experts’ support to run both its business-to-business and direct-to-consumer payment processing needs
  • Nuvei provides payment technology solutions to merchants and partners.
  • Nuvei Corporation (NVEI) is down 1.46 per cent, trading at C$45.07 at 11:25 am ET

Nuvei Corporation (NVEI) has partnered with fast-growing ready-to-eat meal delivery platform, WeCook, as it expands across Canada.

WeCook is using Nuvei’s payment technology platform and payment experts’ support to run both its business-to-business and direct-to-consumer payment processing needs.

Montreal-based WeCook delivered more than four million meals throughout Quebec and Ontario last year. It is set to become a nationwide direct-to-door meals provider by 2023.

In May 2022, WeCook secured CAD$40 million in a strategic equity investment as part of plans to help accelerate its growth across Canada. The Canadian food delivery market was estimated to be worth over $5 billion in 2021.

Jonathan Roy, Co-Founder of WeCook, commented on the announcement.

“Partnering with a like-minded Canadian technology business like Nuvei is a recipe for success as we expand into new provinces. Their extensive payment solutions, scalability, stability, and best-in-class support will provide great value to the demands of our growing business.”

WeCook will benefit from Nuvei’s flexible recurring payment service that boosts customer retention and increases conversion with smart routing and cascading tools, auto account updating, and multiple, concurrent subscriptions.

Philip Fayer, Chair and CEO of Nuvei Corporation, also provided his comments.

“WeCook has quickly established itself as a leader in ready-to-eat meal delivery in Canada. As a fast-growing business with a Canadian heritage ourselves working with brands around the world, we are proud to support another fast-growing technology company as it expands its footprint into new markets.”

Nuvei provides payment technology solutions to merchants and partners. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments. It offers all payout option and benefits from card issuing, banking, risk and fraud management services.

Nuvei Corporation (NVEI) is down 1.46 per cent, trading at C$45.07 at 11:25 am ET.

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