Nayax Announces Acquisition of Lynkwell

Nayax Ltd., a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, today announced the acquisition of Lynkwell, an AI-enabled EV Charging platform.

The acquisition reinforces Nayax’s strategy to deliver a comprehensive platform that unites payment acceptance with advanced operational management software across the verticals it serves. In EV charging, Nayax has expanded through partnerships that embed its payment technology into a range of EV charging equipment, and Lynkwell extends that strategy with a powerful, purpose-built AI enabled management software platform which has already been evaluated and approved by hundreds of utilities, funding programs, and state and government procurement contracts.

“Lynkwell is an important partner in our strategy to build a comprehensive platform for EV charging,” said Aaron Greenberg, Chief Strategy Officer of Nayax, in today’s press release. “Together we are opening the door to a more connected and intuitive charging experience, one where software and payments work in harmony to support the next generation of charging networks.”

The acquisition enables Nayax partners to access Lynkwell’s full suite of products and services designed to help deploy and operate charging infrastructure across public use cases including retail, multi-family, workplace, fleet, and government settings. In addition to its strong public charging presence, Lynkwell also serves as the platform of choice for hundreds of fleets, including two of the largest fleets in North America. The platform delivers a solution to maximize both the financial and operational benefits of infrastructure investments for Nayax’s customers.

“This acquisition represents more than a partnership; it marks a meaningful step forward for the EV charging and energy ecosystem,” said Jason Zarillo, Co-Founder of Lynkwell. “By combining Lynkwell’s advanced platform with Nayax’s global commerce capabilities, we can help set a higher standard for interoperability and innovation and support the broader transition to cleaner energy solutions for businesses and communities.”

Deploying Nayax’s flexible financing solutions combined with Lynkwell’s deep industry expertise will provide customers with the capital resources needed to accelerate deployment and maximize their growth potential which will in turn support Nayax’s continued growth in the market.

Transaction Highlights:

• Unanimous board approval from both Nayax and Lynkwell.
• Implied effective purchase price of $25.9MM USD in cash at closing for 100% of the business, with an additional earnout based on certain profitability metrics within the first 12 months post-closing.
• Lynkwell’s financial performance includes audited 2024 revenues of $17.1MM USD and substantial year-over-year growth.
• Nayax has funded the transaction with cash on hand.
• Synergies are expected from the integration of Lynkwell into Nayax’s ecosystem, enhancing both revenue and operational efficiency.
• Transaction is a simultaneous sign-and-close.

About Nayax

Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of September 30, 2025, Nayax has 12 global offices, approximately 1,200 employees, connections to more than 80 merchant acquirers and payment method integrations and is globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency — effectively and simply. For more information, please visit nayax.com.

About Lynkwell

Lynkwell is a leading energy ecosystem platform focused on supporting developers and operators of renewable generation, battery storage, utilities, and microgrids with next-generation technologies via Lynkwell XChange™. Ranked as one of the fastest-growing private companies in the United States for the last four years, Lynkwell’s leadership is bolstered by its top 10 nationwide cloud-based EV charging software platform which hosts dozens of EV charging networks and manages thousands of chargers. With a curated catalog of more than 500 products from leading global OEMs plus its own XLynk™ charger, Lynkwell’s unique combination of full deployment solutions and energy integrations gives all clean energy stakeholders the power to thrive. Since 2016, the company has been instrumental in establishing private and public charging solutions and supporting infrastructure to empower America’s growing clean energy revolution.