Canadian fintech company Nuvei, which positions itself as a brand that accelerates payments on a global level, has announced the strategic expansion of its B2B transactions, starting to offer appropriate functional solutions for the construction sector of the United States, currently characterized by experts as something that corresponds to such a formulation as a fast-growing vertical.
The mentioned announcement, as a kind of reflection of the processes taking place in the space of practical actions, means strengthening the strategy of the fintech player from Canada regarding its presence in vertical markets. In this case, Nuvei is expected to be able to implement efforts to deepen its presence in the construction sector.
According to the data contained in the report from ResearchAndMarkets.com, which was published in September 2024, the United States construction sector is expected to have a financial volume of $1.54 trillion by 2028.
Nuvei, as noted in a press release on the company’s website, is deepening its presence in the mentioned industry through embedded payment transactions in the software platform. In this case, it means platforms, the functioning of which is critically important for the activities of companies and the implementation of projects in the construction sector.
The expansion of Nuvei’s presence in the construction sector provides new integration support for Sage Intacct Construction Real Estate (CRE), which complements the existing support for Sage 100 Contractor and Sage 300 CRE.
The press release noted that companies that take advantage of the new integration will be able to improve cash flows and reduce administrative friction.
As we have reported earlier, Nuvei to Offer Canadian Businesses Near Instant Payouts Via Mastercard Move.
