Actor Ryan Reynolds continues to expand his impressive investment portfolio. After receiving a huge windfall by selling his stake in Mint Mobile to T-Mobile US earlier this year, Reynolds is using some of that money to branch into fintech.
Reynolds announced on Monday that he made an investment in payments technology company Nuvei Corporation. The Canadian fintech firm provides businesses with pay-in and payout options that allow them to send or receive payments from more than 500 payment methods.
Reynolds also recorded a short humorous advertisement for Nuvei in which he appears alongside founder and CEO Philip Fayer.
Nuvei is a publicly listed company that saw $843.3 million in revenue in 2022 and has New Balance, Virgin Atlantic, and DraftKings among its clients. It recently acquired competitor Paya Holdings in a deal that is valued at $1.3 billion.
Reynolds currently also has a stake in gin brand Aviation American Gin and co-owns soccer club Wrexham AFC with his friend and fellow actor Rob McElhenney.
“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 issued 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.”