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Nayax Ltd.
Company typePublic
Nasdaq:NYAX & TASE:NYAX
IndustryFintech
Founded2005; 19 years ago (2005)
FounderCurtis Quinn Co-founders Yair Nechmad & David Ben-Avi
HeadquartersHunt Valley, Maryland (worldwide headquarters); Herzliya, Israel (R&D) (subsidiary offices: US; Canada; UK; Japan; Australia; China; Mexico)
ProductsVPOS Touch, Onyx, VPOS Fusion, VPOS, AMIT, MoMa, Monyx Wallet
Number of employees
700
Websitewww.nayax.com

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.[1]

Nayax’s main products are point of sale (POS) devices that accept swipe, contact and contactless card payments as well as mobile near-field communication NFC payments.

Overview

[edit]

Nayax was founded in 2005 in Tel Aviv by Yair Nechmad (CEO) and David Ben Avi (CTO).[2] Headquartered in Herzliya, Israel. Nayax has registered offices in over 8 countries: the United States, the United Kingdom, Germany, Japan, China, Australia, and New Zealand.[3]

In 2015, Nayax shipped 43,000 POS Terminals, ranking 36 in The Nilson Report's 2016 yearly survey.[4]

In July 2018, Nayax was issued a Payment Institution license by the Board of the Bank of Lithuania.[5] Nayax was also awarded the Mastercard European Issuer License in 2022.[6]

At the time of its founding, Nayax focused on providing solutions to vending and other unattended businesses. However, it has expanded into new sectors such as EV charging stations with EV Meter,[7] payment apps with its launch of Monyx Wallet in 2020,[8] retail marketing with its acquisition of Weezmo in 2021,[9] and financial solutions with its launching of Coinbridge in 2022.[10]

Nayax completed the largest-ever Initial Public Offering (IPO) by a tech company on the Tel Aviv Stock Exchange (TASE) at 2021.[11]

In 2022 it was dually listed in the Nasdaq Stock Exchange traded under NYAX.[12]

Awards

[edit]

In 2015, Nayax shipped 43,000 POS Terminals, ranking 36 in The Nilson Report’s 2016 yearly survey.[13]

In August 2016, Nayax’s product VPOS was awarded Best Payment System in the UK 2016 Vendies by Vending International.[14]

In May 2017, Nayax received the Best Concept award at the Vending Star awards held at the u’vend and coffeena Exhibition in Cologne, Germany.[15]

In June 2017, Nayax again won the Vendies by Vending International Award for Best Payment System of the Year in the UK for its VPOS device.[16]

In November 2017, Nayax’s VPOS Touch won Best Payment System of the Year at EVEX 2017.[17]

In October 2018, Nayax received the Vendies Award by Vending International for the Best Payment System of the Year in the UK, this time for its VPOS Touch device.[18]

In November 2018, Nayax won the Best Payment System of the Year Prize for the Onyx device at EVEX 2018.[19]

In April 2021, Nayax won the Best Payment System of the Year Prize for the VPOS Touch device at the Vendies.[19]

In 2022, Nayax won the Self-Service Innovation Award for Best COVID-19 Solution for Monyx Wallet.[20]

Acquisitions, Expansion, and IPO

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In April 2014, Nayax purchased InOne Technologies LLC, based in Maryland, currently operating as the US subsidiary of Nayax Ltd., now known as Nayax LLC.[21] In July 2016, Nayax acquired VendSys[22] In August 2016, Nayax's product VPOS was awarded Best Payment System in the UK 2016 Vendies by Vending International.[23] In December 2016, SafeCharge International Group Ltd. (LON:SCH) completed a minority investment in Nayax.[24]

In July 2016, Nayax acquired Vendsys.[25]

In December 2016, SafeCharge International Group Ltd. (LON:SCH) completed a minority investment in Nayax.[26]

In early 2017, Nayax acquired VendCheck which became the company’s Australian subsidiary, Nayax Australia.[27]

In 2020, Nayax purchased Modularity, a digital payments startup based in Tel Aviv.[28]

In 2021, Nayax purchased Weezmo, an Israeli tech start up.[29]

In 2021, Nayax went public on the Tel Aviv Stock Exchange (TASE)[30]with the largest ever IPO in the history of the TASE high tech sector.[31] The fintech company raised $210 million at a company valuation of $1 billion with 75% of the money raised from foreign investors. US investment bank Jefferies led the IPO together with local partners Oppenheiner and Leader Capital Markets.[32]

In 2021, Nayax also partnered with Tigapo which provides solutions for amusement locations.[33]

In 2022, Nayax purchased On Track Innovations (OTI).[34]

In 2022, Nayax also went public on the Nasdaq Stock Market.[35]

In 2022, Nayax was awarded a Mastercard European Issuer License.[36]

In 2022, Nayax launched CoinBridge, a financial solution that converts virtual assets into currency.[37]

In 2023, Nayax partnered with Düzey, part of Koç Holding. [38][39]

In 2023, Nayax acquired Retail Pro International (“Retail Pro”), a global leader in retail Point of Sale (“POS”) software with Tier 1 global brand names across the world.[40]

Product Info

[edit]

2017 – Nayax introduced a self-checkout kiosk, the PayMarket Kiosk, to its line of products.[41]

2019 – Nayax launches VPOS Fusion.[42]

2022 – Nayax launches Coinbridge.[43]

2022 – Nayax launches Nayax Capital.[44]

References

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  1. ^ "Top 20 Rankings". PYMNTS.com (Unattended Retail Tracker™): 11. August 2016.
  2. ^ Shulman, Golan Hazani and Sophie (December 2, 2020). "Nayax aiming to become the first unicorn on the Tel Aviv Stock Exchange". CTECH - www.calcalistech.com. Retrieved May 16, 2023.
  3. ^ Wilkins, Chris (May 12, 2014). "The interim regulated legal market for NPS ('legal high') products in New Zealand: The impact of new retail restrictions and product licensing". Drug Testing and Analysis. 6 (7–8): 868–875. doi:10.1002/dta.1643. ISSN 1942-7603.
  4. ^ "POS Terminal Shipments Worldwide". The Nilson Report (1095): 11. September 2016.
  5. ^ "Payment institution licence issued to Nayax Europe, UAB and UAB SHIFT Financial Services LT". Lietuvos bankas eurosistema. July 13, 2018.
  6. ^ Nayax. "Nayax Awarded Mastercard European Issuer License, Expanding CoinBridge's Operations". www.prnewswire.com. Retrieved May 16, 2023.
  7. ^ "Nayax partners with TIBA to provide EV charging solution". Vending Market Watch. February 16, 2023. Retrieved May 16, 2023.
  8. ^ "Monyx Wallet". Vending Market Watch. January 21, 2020. Retrieved May 16, 2023.
  9. ^ Nayax. "Nayax Acquires Israeli Tech Start-up Weezmo". www.prnewswire.com. Retrieved May 16, 2023.
  10. ^ "Nayax launches CoinBridge to enable conversion of virtual assets into real cash". IBS Intelligence. Retrieved May 16, 2023.
  11. ^ "Nayax completes largest-ever TASE tech IPO". Globes. December 5, 2021. Retrieved May 16, 2023.
  12. ^ "Nayax celebrates Nasdaq listing and Capital Markets Day". Vending Market Watch. September 22, 2022. Retrieved May 16, 2023.
  13. ^ "News Extra: Global mobile payment on the cards". Card Technology Today. 19 (2): 2. February 2007. doi:10.1016/s0965-2590(07)70023-3. ISSN 0965-2590.
  14. ^ Mai, Anne-Marie (January 8, 2016), "Hvirvel og vending – En human vending i litteratur og velfærdsstatsstudier", Den humane vending, Aarhus University Press, pp. 223–244, doi:10.2307/jj.608178.9, ISBN 978-87-7124-152-5, retrieved May 16, 2023
  15. ^ "Purafil wins president's E star award". Filtration Industry Analyst. 1998 (14): 12. May 1998. doi:10.1016/s1365-6937(98)90508-1. ISSN 1365-6937.
  16. ^ "Vending International | The Vendies 2017: Winners revealed!". vendinginternational-online.com. Retrieved June 18, 2023.
  17. ^ "Record Attendance Announced For EVEX 2017, Over 360 Participants". Vending Market Watch. November 27, 2017. Retrieved June 18, 2023.
  18. ^ "Vending International | A triumph for the industry". vendinginternational-online.com. Retrieved June 18, 2023.
  19. ^ a b "Vending International | The Vendies 2021: Introducing the winners". vendinginternational-online.com. Retrieved June 18, 2023.
  20. ^ Cardiology Oncology Innovation Network (COIN) SUMMIT 2020/2021. Frontiers Media SA. August 5, 2022. doi:10.3389/978-2-88971-013-3. ISBN 9782889710133.
  21. ^ "Company Overview of InOne Technologies, LLC". Bloomberg.
  22. ^ Jed, Emily; Montano, Nick. "Nayax Acquires Vendsys Vending Software Company". Vending Times. Retrieved July 25, 2016.
  23. ^ "Winners Announced!". Vending International: 12–13. July–August 2016.
  24. ^ Kirilova, Valentina. "Safecharge makes strategic minority investment in Nayax". Leaprate. Retrieved December 16, 2016.
  25. ^ "Nayax Acquires Vendsys Vending Software Company". www.vendingtimes.com. July 24, 2016. Retrieved June 21, 2023.
  26. ^ "The market – and who makes it", Real Estate Investment, Routledge, pp. 63–92, May 20, 2015, doi:10.4324/9781315762296-15, ISBN 978-1-315-76229-6, retrieved June 21, 2023
  27. ^ MarketScreener (January 16, 2017). "Nayax Ltd. acquired VendCheck from Bernard Carran". www.marketscreener.com. Retrieved June 21, 2023.
  28. ^ "Fintech Company Nayax Acquires Digital Payments Startup Modularity". CTECH - www.calcalistech.com. March 8, 2020. Retrieved June 21, 2023.
  29. ^ Nayax. "Nayax Acquires Israeli Tech Start-up Weezmo". www.prnewswire.com. Retrieved June 21, 2023.
  30. ^ "Israeli Nayax opens trading on TASE following IPO". fintechmagazine.com. May 14, 2021. Retrieved June 21, 2023.
  31. ^ "Israeli fintech unicorn Nayax marks record IPO on TASE". www.israelhayom.com. Retrieved June 21, 2023.
  32. ^ "Nayax completes largest-ever TASE tech IPO". Globes. December 5, 2021. Retrieved June 21, 2023.
  33. ^ "Nayax partnership with Tigapo extends reach of cashless payment platforms". Vending Market Watch. March 30, 2021. Retrieved June 21, 2023.
  34. ^ "Nayax buys On Track Innovations". Globes. January 23, 2022. Retrieved June 21, 2023.
  35. ^ Brickates Kennedy, Val (September 21, 2022). "Israeli fintech Nayax makes US market debut on Nasdaq (OTCMKTS:NYAXF) | Seeking Alpha". seekingalpha.com. Retrieved June 21, 2023.
  36. ^ "Nayax awarded Mastercard European issuer license for CoinBridge". Vending Market Watch. December 14, 2022. Retrieved June 21, 2023.
  37. ^ "Nayax launches CoinBridge to enable conversion of virtual assets into real cash". IBS Intelligence. Retrieved June 21, 2023.
  38. ^ "Nayax Announces Strategic Partnership with Turkey's Düzey". Yahoo Finance. September 14, 2023. Retrieved October 12, 2023.
  39. ^ "Nayax announces a strategic partnership with Düzey in Turkey". Vending Market Watch. September 15, 2023. Retrieved October 12, 2023.
  40. ^ "Nayax Completes Acquisition of Retail Pro International". Retail Pro International. Retrieved November 30, 2023.
  41. ^ Brown, Eryn (August 11, 2020). "Why jobless payments serve the public good". Knowable Magazine. doi:10.1146/knowable-081020-2. ISSN 2575-4459.
  42. ^ "Nayax Launches VPOS Fusion At NAMA Show". www.vendingtimes.com. April 23, 2019. Retrieved June 21, 2023.
  43. ^ Nayax. "Nayax launches a unique solution for the conversion of any virtual asset into real cash transactions and purchases across the world". www.prnewswire.com. Retrieved June 21, 2023.
  44. ^ LTD, NAYAX (January 10, 2023). "Nayax Announces Nayax Capital". GlobeNewswire News Room (in French). Retrieved June 21, 2023.
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