About i3 Verticals
i3 Verticals is a publicly listed company based in Nashville (United States) founded in 2012 by Saranya Kumar and Greg Daily, and was acquired by Infinx in May 2025. Payment processing solutions are provided for diverse business verticals. It operates in the Technology, Government & Social Sector, and Financial Services sectors. i3 Verticals has raised $42.11 million across 7 funding rounds from investors including Bank of America, Pinnacle Financial Partners and Infinx. The company has 1,480 employees. i3 Verticals has completed 11 acquisitions, including AccuFund, Axia Payments and BIS/i3 Public Sector. Its chief executive, as recorded, is Greg Daily. Its website i3verticals.com draws about 20 thousand monthly visits. i3 Verticals offers products and services including Motor Vehicle Software, Case Management, and Patient Engagement Platform. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is i3 Verticals, LLC. Its competitors include Workday, Stripe and PayPal; 3 of its 3 listed competitors have raised funding.
Company details
i3 Verticals was founded in 2012 and is based in Nashville, United States. Payment processing services are delivered across sectors including education, property management, government, healthcare, and utilities. Cloud-based point-of-sale systems are utilized for retail management, transaction processing, inventory tracking, customer handling, and payments. Mobile applications and extensions are integrated to support checkout efficiency and provide staff with pricing and product details.
- Headquarters Nashville, United States
- Employees 1,480
- Founders Saranya Kumar, Greg Daily
- Stage Acquired
- SectorsTechnologyGovernment & Social Sector Financial Services
- Email••••••••
- Phone•••• ••••
- Website i3verticals.com
- Social LinkedIn
- Acquired by Infinx (May 2025)
- Legal Name I3 Verticals, Inc.
- Annual Revenue$213.16 M (USD)11.47as on Sep 30, 2025
- Net Profit-$8.09 M (USD)91.23as on Sep 30, 2025
- EBITDA$32.01 M (USD)5.87as on Sep 30, 2025
- Total Equity Funding$42.11M (USD)
in 7 rounds
- Latest Funding Round$138M (USD), Post-IPO
Feb 2020
- InvestorsBank of America
& 5 more
- Employee Count1,480
- Investments & AcquisitionsAccuFund
& 10 more
- Acquired byInfinx
(May 2025)
Products & Services of i3 Verticals
i3 Verticals offers a comprehensive portfolio of products and services, including Motor Vehicle Software, Case Management, and Patient Engagement Platform.
Software for driver licensing and permitting services
Tools for court case management and document handling
Platform for clinical operations and billing management
Funding Insights of i3 Verticals
i3 Verticals has successfully raised a total of $42.11M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $138 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $42.11M
- Total Rounds 7
- Last Round Post-IPO — $138M
- First Round $17.61M
(Feb 2014)
- Investors Count 5
All 7 funding rounds of i3 Verticals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $138M | Post-IPO | – | – | – |
| Oct 2017 | $200,000 | Series A | – | – | – |
| Aug 2017 | $14M | Series A | – | – | – |
| Jun 2016 | $10M | Series A | – | – | – |
| Aug 2015 | $300,000 | Series A | – | – | – |
| Apr 2015 | $50M | Debt – Conventional | – | – | |
| Feb 2014 | $17.61M | Series A | – | – | – |
6 investors in total: 6 institutional.
Investors in i3 Verticals
i3 Verticals has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Bank of America, Pinnacle Financial Partners and Infinx.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
First Financial Bank is engaged in providing banking and financial services. | mysimplybank.com | |||
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
A commercial bank offering deposits, loans, and payment services. | 2004 | tennesseebankandtrust.com | Nashville, United States | |
Commercial banking and wealth management services are provided nationwide. | 2000 | pnfp.com | Nashville, United States | |
Commercial banking services are offered in the United States. | 2008 | capstarbank.com | Nashville, United States | |
Revenue cycle management platform for healthcare is provided. | 2010 | infinx.com | San Francisco, United States |
Investor details for i3 Verticals
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People of i3 Verticals
73 people are tracked at i3 Verticals (33 in leadership, 8 in board & advisors, 32 in team); the tracked headcount is 1,480.
| Name | Role | Group |
|---|---|---|
Saranya Kumar | Co-Founder | Leadership |
Greg Daily | Co-Founder & CEO | Leadership |
Ashish Parasharya | CEO | Leadership |
Pete Panagakis | CTO | Leadership |
Chris Laisure | President, Public Sector | Leadership |
Karin Anzalone | Director Of Customer Engagement | Leadership |
Chad Fenner | Chief Product Officer | Leadership |
Allison Beck | Vice President, Controller | Leadership |
Earl Williams | VP - Operations | Leadership |
Wendy Russom | Director Of Sales & Account Management & Lead Gen - ERP | Leadership |
Clay Whitson | Chief Strategy Officer (cso) | Leadership |
Rick Stanford | President | Leadership |
Subba Rao Pothina | Senior Director - Enterprise Solution Strategy, Architecture & Delivery | Leadership |
Rob Bertke | CTO | Leadership |
Josh Waldron | Director Cloud Services | Leadership |
Stoney Hale | Executive Vice President Of Transportation | Leadership |
Brian Cohn | Vice President | Leadership |
Ren-Elise Nelson | Vice President | Leadership |
Zach Tabor | Director, Partner Innovation | Leadership |
Jacqueline Engle | Vice President, Enterprise Solutions Product | Leadership |
53 more people are available in the full profile.
Complete people profiles for i3 Verticals
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IPO & Listings of i3 Verticals
i3 Verticals is a publicly listed company on the NASDAQ with ticker symbol IIIV in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 Jun 2018
- Listed onNASDAQ: IIIV
- Listed entityi3 Verticals, Inc.
- Exchange sectorTechnology services
- ISINUS46571Y1073
- Share price$16.03 (-1.05% on the day) · 2026-10-13
- Market capitalisation$421.9M
- Price to earnings43.1
- EPS (diluted, trailing year)$0.37
- Volume (last session)217,171
Financials of i3 Verticals
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $213.2M | -$8.1M | $32.0M |
| 2024 | $191.2M | -$92.2M | $30.2M |
| 2023 | $226.7M | $1.9M | $35.6M |
| 2022 | $317.9M | -$17.1M | $56.4M |
| 2021 | $224.1M | -$4.5M | $36.6M |
Detailed financial statements for i3 Verticals
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Investments & Acquisitions by i3 Verticals
i3 Verticals has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include AccuFund, Axia Payments and BIS/i3 Public Sector.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Fund accounting software is offered for governments and non-profits. | accufund.com | Needham, United States | 2001 | Jan 2023 | •••• | |
Data systems are designed for businesses and municipal operations. | bisonline.com | Piney Flats, United States | 1977 | Feb 2021 | •••• | |
Text-based fundraising platform for nonprofit organizations | mobileaxept.com | Minneapolis, United States | 2006 | Jul 2020 | •••• | |
Payment acceptance solutions are offered for offline and online transactions. | pacepayment.com | Stevenson Ranch, United States | 1999 | Jun 2019 | $52.7M | |
Legal services are provided in Sulphur Springs, United States. | ghs-limited.com | Sulphur Springs, United States | 2006 | Apr 2019 | •••• | |
Enterprise law enforcement management software provider | netdatacorp.net | Sulphur Springs, United States | 1983 | Apr 2019 | $24M | |
Cloud-based software solutions are provided for government operations. | igovsolution.com | Lake Mary, United States | 1998 | Mar 2019 | •••• | |
POS software suite solutions are provided for in-store retail businesses. | randalldata.com | Detroit, United States | 1982 | Feb 2017 | •••• | |
Payment processing for online, mobile, and retail merchants is provided. | axiapayments.com | Santa Barbara, United States | 1999 | Jun 2016 | •••• | |
Custom application development, networking, and security services are provided. | ecrpos.org | Canton, United States | 1986 | Apr 2016 | •••• |
Complete acquisition details for i3 Verticals
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Timeline of i3 Verticals
15 dated milestones of i3 Verticals across 13 years, from founding to its latest funding, stage changes and deals.
- Founded i3 Verticals is founded.
- Funding First funding round of $17.6M.
- Acquisition Acquires Esber Cash Register.
- Acquisition Acquires Axia Payments.
- Acquisition Acquires Randall Data Systems.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires iGov Solutions.
- Acquisition Acquires NET Data Corporation.
- Acquisition Acquires GHS Collection.
- Acquisition Acquires Pace Payment.
- Funding Latest funding round, Post-IPO, of $138.0M.
- Acquisition Acquires mobileAxept.
- Acquisition Acquires BIS/i3 Public Sector.
- Acquisition Acquires AccuFund.
- Exit Acquired by Infinx.
Competitors of i3 Verticals
i3 Verticals has 3 listed competitors in our database, 3 of them funded. They include Workday, Stripe and PayPal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| workday.com | 2005 | Pleasanton, United States | $352.3M | 11,805 | Cloud-based HR and financial software is delivered to enterprises. | |
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| paypal.com | 1998 | San Jose, United States | $216M | 27,200 | Online payment solutions are offered to consumers and businesses. |
Detailed competitors of i3 Verticals
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Web traffic of i3 Verticals
The website of i3 Verticals (i3verticals.com) receives about 19.5K visits a month.
- Monthly visits19.5K
▲ 33.2% vs previous month
Top companies in Enterprise Resource Planning
3 companies that operate in the same segment as i3 Verticals (Enterprise Resource Planning) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | 834 |
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Related news about I3 Verticals
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Frequently Asked Questions about i3 Verticals
i3 Verticals was founded in 2012 and raised its 1st funding round 2 years after it was founded.
i3 Verticals is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Greg Daily is the CEO of i3 Verticals, as recorded in our data. They have also founded this company.
i3 Verticals is a funded company, having raised a total of $42.11M across 7 funding rounds to date. The company's 1st funding round was a Series A of $17.61M, raised on Feb 2014.
i3 Verticals has 1,480 employees.
Annual revenue of i3 Verticals is $213.16M as on Sep 30, 2025.
i3 Verticals was founded in 2012 and is based in Nashville, United States. Payment processing services are delivered across sectors including education, property management, government, healthcare, and utilities. Cloud-based point-of-sale systems are utilized for retail management, transaction processing, inventory tracking, customer handling, and payments. Mobile applications and extensions are integrated to support checkout efficiency and provide staff with pricing and product details.
i3 Verticals offers Motor Vehicle Software, Case Management, and Patient Engagement Platform.
Yes, i3 Verticals is publicly traded on NASDAQ under the ticker symbol IIIV.
i3 Verticals has made 11 acquisitions, including AccuFund, Axia Payments, and BIS/i3 Public Sector.
i3 Verticals has 6 investors. Key investors include Bank of America, Pinnacle Financial Partners, Infinx, CapStar Bank, and First Financial Bank.