Operating Company Financial Services

NMI

Schaumburg, Illinois, United States

NMI powers embedded payments with a modular, white-label payment acceptance platform and gateway. It enables SaaS platforms, ISOs, PayFacs and banks to integrate, onboard, and manage commerce/payment processing—covering underwriting, compliance, and risk monitoring—and delivers payment experiences across online, in-app, in-store, mobile and unattended channels.

Focus Areas
Embedded payments, Payment acceptance platform, Payment gateway
Website
nmi.com

Tracked deals

6

6 tracked deals across 2021-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture · 1 growth capital

NMI Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for NMI. 2 2021 2 2022 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    NMI
    Target
    Fee Navigator
    Type
    Buyout

    NMI, a provider of embedded payments infrastructure, announced it has acquired Fee Navigator, an AI-powered pricing intelligence platform for payments companies. Fee Navigator’s technology analyzes merchant statements and recommends optimized pricing strategies for ISOs, ISO agents, ISVs, and other payments partners.

  • Buyer
    NMI
    Target
    Dwolla
    Type
    Buyout

    NMI, an embedded payments infrastructure provider, announced it has acquired Dwolla, an API-first account-to-account (A2A) payments and real-time/open banking money movement provider. The deal expands NMI’s embedded, white-labeled platform with modern A2A infrastructure, real-time payments, payouts, and related funds-flow capabilities. Dwolla’s CEO, Dave Glaser, will join NMI as Chief Operating Officer, and about 60 Dwolla employees will move to NMI.

  • Buyer
    NMI
    Target
    Agreement Express
    Seller
    Agreement Express, Frontier Growth
    Location
    British Columbia, Canada

    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.

  • January 18, 2022
    Buyer
    NMI
    Target
    IRIS CRM
    Type
    Buyout

    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.

  • Buyer
    Insight Partners, Francisco Partners, Great Hill Partners, NMI management
    Target
    NMI

    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.

  • Buyer
    NMI
    Target
    USAePay
    Type
    Buyout

    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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