Insight Partners Makes Strategic Growth Investment in NMI
September 9, 2021
NMI, a global commerce enablement and payments technology platform, received a significant growth-equity investment from Insight Partners, joining existing investors Francisco Partners and Great Hill Partners. The company will remain led by CEO Vijay Sondhi and management (who also reinvested); the capital will be used to accelerate product development, global expansion, and NMI's acquisition strategy.
- Buyers
- Insight Partners, Francisco Partners, Great Hill Partners, NMI management
- Targets
- NMI
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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Related Acquisitions
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NMI Acquires USAePay to Expand Omnichannel Payment Offering
February 23, 2021
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NMI, a global payments enablement technology company headquartered in Schaumburg, Illinois, has acquired USAePay, a Glendale, California-based payment gateway and POS-focused payments provider. The acquisition combines both companies' e-commerce, retail, mobile and unattended payment capabilities to strengthen NMI's omnichannel offering and expand coverage in key verticals such as retail and restaurants; terms were not disclosed.
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NMI Acquires IRIS CRM
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NMI, a full commerce enablement and payment platform, has acquired IRIS CRM, a merchant-services-focused CRM and merchant management platform headquartered in Brooklyn, New York. The acquisition expands NMI’s capabilities beyond gateway services to include merchant prospecting, onboarding, portfolio reporting and residual income calculations; terms were not disclosed and IRIS CRM’s president Dimitri Akhrin will remain with the combined organization.
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Insight Partners Makes Strategic Investment in CommerceHub
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Insight Partners made a strategic growth investment in CommerceHub to accelerate the company’s platform innovation and expand its digital supply chain solutions. CommerceHub — an e-commerce enablement SaaS provider serving thousands of retailers, brands and distributors — will continue to be supported by existing investors GTCR and Sycamore Partners.
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NMI Acquires Agreement Express Payments Solutions
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NMI has acquired the payments solutions business of Agreement Express, adding onboarding, underwriting, KYC/AML and risk monitoring capabilities to its commerce enablement platform. Frontier Growth will retain Agreement Express's wealth management arm; terms were not disclosed.
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DC Capital Partners Makes Control Investment in C5MI Insight
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NMI Acquires Sphere Commercial Division
October 12, 2023
Payments & Fintech
NMI, a Schaumburg, Illinois-based payments technology company, has acquired the commercial division of payments software provider Sphere. The acquisition brings 23 commercial employees and Sphere's Irving, Texas office to NMI, and is intended to enhance NMI's underwriting, risk management and merchant account creation capabilities; terms were not disclosed.
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