NMI Acquires Agreement Express Payments Solutions

Advisor360° Acquires the Wealth Management Technology Assets of Agreement Express

January 19, 2023

Cloud & SaaS

Advisor360° acquired the digital onboarding and wealth management technology assets (including technology, IP, clients and professionals) of Agreement Express from Frontier Growth, completing the transaction on December 23, 2022. The deal expands Advisor360°'s multi-custodian support, CRM integrations and global team (including staff in Canada); Agreement Express's payments business was sold to NMI earlier in December 2022.

NMI Acquires USAePay to Expand Omnichannel Payment Offering

February 23, 2021

Payments & Fintech

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.

NMI Acquires IRIS CRM

January 18, 2022

Payments & Fintech

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.

Insight Partners Makes Strategic Growth Investment in NMI

September 9, 2021

Payments & Fintech

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.

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.

Electronic Merchant Systems Acquires PaymentCloud

January 30, 2024

Payments & Fintech

Electronic Merchant Systems (EMS), a Cleveland-based payment technology provider, has acquired Los Angeles-based PaymentCloud. The deal brings PaymentCloud's merchant-focused distribution and marketing capabilities into EMS's infrastructure to scale onboarding, processing and inside sales channels while integrating PaymentCloud leadership into EMS management.