Ryan reynolds mint mobile stock11/14/2023 In an interview last month following the announcement of Mint Mobile’s sale, Reynolds told CNBC that he, along with Maximum Effort, were always on the hunt for not-so-glamorous, yet essential products that they could invest in. The duo also made a behind-the-scenes documentary about owning the club called “Welcome To Wrexham.” Reynolds bought fifth-tier football club Wrexham in 2020 along with actor Rob McElhenney for a total of $2.5 million. “I have a lot of employees whose phone bills I pay, so I decided to try it out and wound up saving money,” Reynolds told Fortune in 2021 about how he came to buy Mint Mobile, adding that he also knew the company’s cofounder. In the case of Mint Mobile his presence made a substantial impact-after Reynolds purchased a stake in Mint Mobile in November 2019, downloads of Mint Mobile’s apps rose 34% in the subsequent 12 months, compared to the preceding 12-month period. Reynolds often appeared in short, funny ads promoting his companies. Nuvei did not immediately return Fortune’s request for comment. I stand behind all our employees as we continue to execute on our strategy with a relentless focus on supporting our customers and making the world a local marketplace,” CEO Phil Fayer wrote.Įarlier this year, Nuvei acquired a smaller rival company, Paya, for $1.3 billion in a bid to expand its presence in the U.S. “The allegations made against Nuvei are malicious and unfounded. Nuvei released a statement in 2021 that those claims were “misleading, false or unrelated to Nuvei’s business.” Nuvei was also the subject of scrutiny in a report by short-seller Spruce Point Capital Management at the end of 2021, which urged investors to sell their stake in the company over allegations of fraud by its top executives. in 2021-right when tech stocks were surging in popularity, and has taken a hit to its stock price since then. The company went public in Canada in 2020 and the U.S. “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.”Īnd, as he’s done for other businesses, Reynolds starred in a short promotional video for the company, which he posted on Twitter. But Nuvei is impressive,” Reynolds said in a statement about his stake on Monday. “I know about as much about fintech as I did about gin or mobile a few years ago. More from Fortune: 5 side hustles where you may earn over $20,000 per year-all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home Now, Reynolds is investing again, this time in Nuvei, a fintech payments company based in Montreal. Ryan Reynolds has invested in a diverse range of businesses over the last few years, from alcohol company Aviation Gin to budget mobile cell phone service Mint Mobile.
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