#None #Nuvei #European Growth #flaconi

Nuvei Expands Partnership with flaconi for European Growth

In a significant boost to the beauty and fragrance retail landscape, Nuvei, a leading Canadian fintech company, has expanded its strategic partnership with flaconi, one of Europe's premier online beauty retailers. Established in 2011, flaconi has rapidly risen to prominence, offering a vast selection of over 50,000 products from around 1,000 national and international brands.

Accelerating Growth through Innovation

Since collaborating with Nuvei, flaconi has reported an extraordinary 30% year-over-year revenue growth for 2024. This impressive performance highlights the efficiency and effectiveness of Nuvei’s payment solutions, which facilitate transactions across various regions.

Phil Fayer, Nuvei's Chair and CEO, emphasized the firm’s commitment to enhance eCommerce success for brands like flaconi. He stated, "Our expanded partnership with flaconi highlights Nuvei's role in helping leading brands succeed in eCommerce. Since partnering with us, flaconi has achieved impressive revenue growth."

Nuvei provides flaconi with access to a multitude of payment methods, including all major regional alternative payment methods (APMs). This payment flexibility is pivotal as flaconi scales its operations in multiple European countries, including Germany, Austria, Poland, France, Switzerland, the Netherlands, Belgium, and its recent expansions into Denmark, Sweden, Finland, the Czech Republic, and Italy.

Seamless Payment Experiences

The partnership allows flaconi customers to enjoy seamless online transactions tailored to their preferred payment methods. Nuvei’s Authorization Optimization Suite enhances payment processing by employing advanced fraud prevention techniques and optimizing transaction success, ensuring a frictionless shopping experience.

Sven Roseman, flaconi’s CTO, acknowledged the significance of Nuvei’s solutions, stating, "In the competitive beauty and fragrance eCommerce space, providing frictionless payment experiences is essential for customer satisfaction and business growth." He further noted that Nuvei's comprehensive payment solutions and local market expertise were instrumental in executing their European expansion strategy.

flaconi: Leading the Beauty Revolution

With a sizeable active customer base of over 4.5 million, flaconi has established itself as a dominant player in the German market and is making strides across Europe. The company's commitment to customer satisfaction and operational efficiency has seen it garner numerous awards throughout its operational journey.

The team at flaconi, consisting of around 700 employees from 60 nations, operates from its headquarters in Berlin-Charlottenburg, along with a logistics center in Halle. Flaconi’s rapid success is commendable, but their alliances with innovative partners like Nuvei establish a robust pathway for future growth.

About Nuvei

As a Canadian fintech innovator, Nuvei empowers businesses globally with capabilities to accept next-generation payments. With a wide-ranging network extending over 200 markets, providing local acquisition in 50 markets, and facilitating transactions in 720 alternative payment methods, Nuvei offers the technology and insights necessary for businesses to excel both locally and internationally.

In summary, the renewed partnership between Nuvei and flaconi not only mirrors the trends of eCommerce but furthermore sets benchmarks regarding flexibility, customer experience, and growth in the competitive beauty and fragrance markets across Europe.