A prominent short-seller is taking aim at Canadian fintech company Nuvei Corp. for a second time.
Spruce Point Capital Management said on Tuesday that it had a short position in Montreal-based Nuvei following the release of a report that.
“They need more transparency, more disclosure, and everything we see out of them gets more and more opaque,” he told BNN Bloomberg.Axler said he has concerns about the unclear extent of Nuvei’s involvement with disgraced crypto exchange FTX, with which it had a past partnership following its acquisition of fintech startup Simplex in Sept. 2021 for US$290 million.
Nuvei CEO Philip Fayer is scheduled to speak with BNN Bloomberg on Tuesday afternoon. The company has dismissed past concerns raised by Spruce Point in its 2021 report on Nuvei, which raised similar concerns., as well as stake in the company for the actor of an undisclosed amount.
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