- CEO
- Yair Nechmad
- Full Time Employees
- 1,200
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- Building B Herzliya TA Israel 4659071
- IPO Date
- Sep 21, 2022
- Business
- Nayax Ltd. is a global fintech company founded in 2005 and headquartered in Herzliya, Israel, specializing in cashless payment solutions and management systems primarily for unattended self-service retailers, commerce, and other merchants. The company offers an integrated payment platform that includes multi-functional point-of-sale (POS) devices such as the NOVA series (NOVA 156, NOVA 45, NOVA 55) supporting swipe, contact, and contactless card payments, mobile NFC payments, and prepaid card options. Nayax’s product portfolio extends to telemetry and remote management systems including vending machine monitoring (Amit 3.0), management suites (MoMa, The Hive), and consumer engagement tools such as loyalty and omnichannel marketing platforms including Weezmo and the Monyx Wallet mobile app. Additionally, Nayax provides solutions for emerging sectors like electric vehicle charging stations through its EV Meter product and financial services via its Coinbridge platform. The company operates an AI-driven data analytics and smart management system to enhance operational efficiencies and customer insights, supporting merchants in diverse markets including the United States, United Kingdom, Germany, Japan, China, Australia, and New Zealand.
In the past two years, Nayax has expanded its market footprint and technological capabilities through strategic acquisitions including Retail Pro International, VMtecnologia, Inepro Pay, and UPPay, enhancing its product and geographic reach. It launched new payment and management solutions such as an all-in-one self-checkout terminal "Nova Market" and deepened its consumer engagement suite with loyalty programs like Nayax Pay. Financially, Nayax reported strong growth, culminating in $314 million revenue for 2024, a 33% increase year-over-year, with recurring revenue growth of 47.1% driven by SaaS subscriptions and payment processing. The company achieved positive adjusted EBITDA of $35.5 million and free cash flow of $18 million in 2024, with projections for 2025 revenue growth of 30-35%, driven significantly by organic expansion and enhanced contract negotiations. Nayax continues to focus on scaling its cashless transaction platform globally and improving customer retention through advanced payment technology integration and extensive API offerings.
Nayax serves over 95,000 customers worldwide and targets industries including vending, laundries, amusement and entertainment machines, self-service kiosks, car washes, retail stores, and electric vehicle charging infrastructure. The company aims to provide future-proof and market-resilient fintech solutions designed to reduce operational costs while driving consumer engagement and loyalty, supporting business growth in the unattended retail and broader fintech sectors. Nayax operates globally with registered offices in multiple countries and continues to innovate in payment acceptance, operating system platforms, and AI-based business intelligence analytics to maintain its leadership position in the fast-evolving fintech payment landscape.