Ryan Reynolds sold his business for $1.3 billion, and he’s now investing in a field he doesn’t understand

Ryan Reynolds, a well-known Hollywood A-lister, has demonstrated that he is more than simply a performer by foraying into the world of investments and succeeding spectacularly.

Reynolds has recently amassed millions of dollars through well-timed company bets despite his modest acknowledgment that he is not an expert investor. Reynolds recently appeared on CNBC’s «Squawk Box» to promote his most recent investment, Nuvei, a Canadian fintech business.

Reynolds said, «I know about as much about fintech as I did about gin or smartphones a few years ago. I have a lot of respect for Nuvei Corp. (NASDAQ:NVEI). Nuvei, though, is remarkable. He went on to compliment the company’s management group and underlined the necessity of giving Canadian businesses the same consideration as their American competitors.

Twenty years after its founding, Nuvei now operates in almost 200 markets and collaborates with well-known platforms like Binance Holdings Ltd. and DraftKings to provide payment services. The corporation went public in both Canada and the United States, and its stock price fluctuated. When short-seller Spruce Point Capital Management released a report claiming fraud by its top executives, Nuvei came under fire. The charges were rejected by Nuvei as «misleading, false, or unrelated to Nuvei’s business,» and it reaffirmed its dedication to customer service and the expansion of the world market.

Reynolds views Maximum Effort’s position as an emotional as well as a financial investment. Reynolds acknowledges that he knows «nothing about fintech,» but his investments in Aviation Gin, Mint Mobile, and the Wrexham show that he believes in the power of solid brand foundations.