Nuvei Partners with flaconi to Power Beauty and Fragrance Retailer's European growth

Rhea-AI Summary

Nuvei (NASDAQ:NVEI) has expanded its strategic partnership with flaconi, a leading European online beauty and fragrance retailer. Since partnering with Nuvei, flaconi has achieved 30% year-over-year revenue growth in 2024. The collaboration enables flaconi to process payments across multiple European markets through a single integration.

Through Nuvei's platform, flaconi has expanded from its initial markets (Germany, Austria, Poland, France, Switzerland, Netherlands, and Belgium) to launch in five new countries in 2025: Denmark, Sweden, Finland, Czech Republic, and Italy. The partnership leverages Nuvei's Authorization Optimization Suite, which includes advanced fraud prevention and seamless transaction processing to enhance customer experience and increase conversion rates.

Positive

• Flaconi achieved 30% year-over-year revenue growth in 2024 through the partnership
• Successful expansion into 5 new European markets in 2025
• Enhanced payment processing capabilities through Authorization Optimization Suite

Negative

• None.

Insights

Payments Technology Analyst

Nuvei's expanded partnership with flaconi demonstrates strong payment technology value proposition driving 30% revenue growth across European markets.

The expanded partnership between Nuvei and flaconi represents a tangible validation of Nuvei's payment processing capabilities in the competitive European eCommerce sector. Most notably, flaconi has achieved 30% year-over-year revenue growth in 2024 since implementing Nuvei's platform, providing concrete evidence of payment optimization driving business results.

What's particularly significant is how Nuvei's unified platform has enabled flaconi's multi-market expansion strategy through a single integration. The retailer has successfully expanded from its core markets (Germany, Austria, Poland, France, Switzerland, Netherlands, Belgium) into five additional countries (Denmark, Sweden, Finland, Czech Republic, Italy) in 2025. This demonstrates the scalability of Nuvei's infrastructure and its ability to manage the complex payment method preferences across diverse European markets.

The partnership leverages Nuvei's Authorization Optimization Suite, which combines advanced fraud prevention with seamless processing - critical capabilities in the beauty/fragrance vertical where conversion optimization and customer experience directly impact revenue. This implementation addresses two critical challenges for cross-border eCommerce: localized payment method support and friction reduction at checkout.

For Nuvei, this case study demonstrates their strategic positioning as an enabler of cross-border eCommerce growth, particularly for specialty retailers requiring market-specific payment orchestration. The continued expansion of this partnership indicates strong client retention and the potential for revenue growth as flaconi increases transaction volumes across multiple European markets.

Nuvei's global reach and industry-leading payment method connectivity enable flaconi to grow across Europe

MONTREAL and BERLIN, July 10, 2025 /PRNewswire/ -- Nuvei today announced an expanded strategic partnership with flaconi, one of Europe's leading online retailers for beauty and fragrance. Since partnering with Nuvei, flaconi has achieved an impressive 30% year-over-year revenue growth in 2024, and the expanded agreement will further support its growth across additional European markets.

As flaconi's payments partner, Nuvei empowers consumers to make online purchases using cards and all major regional alternative payment methods (APMs) in each market where it operates. Already operating successfully in Germany, Austria, Poland, France, Switzerland, the Netherlands, and Belgium, flaconi celebrated its recent launches in Denmark, Sweden, Finland, the Czech Republic, and Italy in 2025 — all through a single integration into Nuvei's core platform.

Nuvei's Authorization Optimization Suite enables flaconi to optimize its payments function and accelerate revenue growth. The solution leverages advanced fraud prevention and seamless transaction processing to enhance the customer experience and increase conversion rates.

"Our expanded partnership with flaconi highlights Nuvei's role in helping leading brands succeed in eCommerce," said Phil Fayer, Chair and CEO of Nuvei. "Since partnering with us, flaconi has achieved impressive revenue growth. We're proud to support them with seamless, locally tailored payment experiences that help them connect with customers across Europe, however they choose to pay."

"In the competitive beauty and fragrance eCommerce space, providing frictionless payment experiences is essential for customer satisfaction and business growth," added Sven Roseman, CTO flaconi. "Nuvei's comprehensive payment solutions and local market expertise have been instrumental in our European expansion strategy, allowing us to offer our customers their preferred payment methods while streamlining our operations across multiple markets."

About flaconi

With over 4.5 million active customers, flaconi is the leading online shop for beauty and perfume in Germany. The online shop's extensive portfolio includes around 1,000 national and international brands and 50,000 products. Founded in 2011 as one of the first online perfumeries, flaconi today successfully continues its history as one of the largest holistic beauty online pure players in Germany.  flaconi is proud to work with around 700 employees from 60 different nations at its headquarters in Berlin-Charlottenburg and at its logistics centre in Halle. The online shop has won numerous awards and is represented in Germany, Austria, France, Poland, Switzerland, Belgium, the Netherlands, Denmark, Sweden, Finland, the Czech Republic and soon in Italy.    

About Nuvei 

Nuvei is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. 

For more information, visit www.nuvei.com

Contact:
Public Relations
alex.hammond@nuvei.com

 

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SOURCE Nuvei

FAQ

What is the revenue growth that flaconi achieved with Nuvei (NVEI) in 2024?

Through the partnership with Nuvei, flaconi achieved 30% year-over-year revenue growth in 2024.

Which new European markets did flaconi expand to in 2025 using Nuvei's platform?

In 2025, flaconi expanded into five new markets: Denmark, Sweden, Finland, Czech Republic, and Italy.

What payment solutions does Nuvei (NVEI) provide to flaconi?

Nuvei provides flaconi with its Authorization Optimization Suite, which includes card processing, alternative payment methods (APMs), advanced fraud prevention, and seamless transaction processing capabilities.

How many European countries does flaconi operate in with Nuvei's payment solutions?

Flaconi operates in 12 European countries through Nuvei's platform, including Germany, Austria, Poland, France, Switzerland, Netherlands, Belgium, Denmark, Sweden, Finland, Czech Republic, and Italy.