NMI

paymentspos/mobile pospayment gatewayssoftware/whitelabel/apis (payments)

STATUS: Acquired/Merged
FOUNDING YEAR: 2001
LOCATION: United States
Last Update: 01/05/2020

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About

Network Merchants was acquired by Francisco Partners in 2017. The company provides payments technology to ISOs, VARs, ISVs, and payment facilitators. It focuses on building e-commerce payment gateways for companies that want to process online transactions in real time globally.

Focus

PRODUCTS & SERVICES

The company provides FACe, an omnichannel payment gateway platform that allows users to provide payment gateway services without building or maintaining their own technology. The platform offers features, such as virtual terminals, acceptance of multiple currencies, multi-tiered hierarchy structure, reporting, recurring billing, advanced transaction-routing interface, and third-party integrations.

REVENUE MODEL

It assumes that the company generates revenue by offering software services to its customers.

MAIN CLIENTS

NCR

Gravity Payments

PayByPhone

and Poynt.

Traction

NUMBER OF TRANSACTIONS:

900 M in 2019

TRANSACTIONS VALUE:

$47 B in 2019

ACTIVE USERS COMMENT:

The company has served over 120k merchants.

People

FOUNDERS

Ted Cucci

BOARD MEMBERS AND ADVISORS

Jason Brein

Justin Chen

Peter Christodoulo

Matt Vettel

Nick Cayer

and Joe Germanese.

NUMBER OF EMPLOYEES

51-200

INVESTORS:

and Bregal Sagemount (exited in 2017).

Francisco Partners

Great Hill Partners

KEY EMPLOYEES:

Vijay Sondhi (CEO); Kyle Pexton (CFO); Nick Starai (CSO); Matt Schmidgall (CTO); Jeremy Gumbley (CSO);

Peter Baxendale (Head of Sales).

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Sep 2017

TOTAL FUNDING COMMENT

The company will use capital to drive product innovation and expansion of its enablement capabilities. (Sep. 2017)

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2001

LOCATION:

United States

Views:

70 VISITORS | 135 VIEWS
TOTAL EMPLOYEES
51-200

About

Network Merchants was acquired by Francisco Partners in 2017. The company provides payments technology to ISOs, VARs, ISVs, and payment facilitators. It focuses on building e-commerce payment gateways for companies that want to process online transactions in real time globally.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
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