About i3 Verticals
i3 Verticals is a company based in Nashville (United States) founded in 2012 by Saranya Kumar and Greg Daily was acquired by Infinx in May 2025.. 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 as of September 30, 2024. i3 Verticals has completed 11 acquisitions, including AccuFund, Axia Payments and BIS/i3 Public Sector. i3 Verticals offers products and services including Motor Vehicle Software, Case Management, and Patient Engagement Platform. i3 Verticals operates in a competitive market with competitors including Workday, Stripe, PayPal, Deltek and Flutterwave, among others.
- Headquarter Nashville, United States
- Employees 1480 as on 30 Sep, 2024
- Founders Saranya Kumar, Greg Daily
- Stage Public
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Sectors
TechnologyGovernment & Social Sector Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name I3 Verticals, Inc.
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Annual Revenue
$229.92 M1.41as on Sep 30, 2024
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Net Profit
$-92.23 M-5088.37as on Sep 30, 2024
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EBITDA
$35.23 M-1.1as on Sep 30, 2024
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Total Equity Funding
$42.11 M (USD)
in 7 rounds
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Latest Funding Round
$138 M (USD), Post-IPO
Feb 18, 2020
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Investors
Bank of America
& 5 more
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Employee Count
1480
as on Sep 30, 2024
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Investments & Acquisitions
AccuFund
& 10 more
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Acquired by
Infinx
(May 08, 2025)
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for driver licensing and permitting services
Tools for court case management and document handling
Platform for clinical operations and billing management
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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 Total Funding
- Total Rounds 7
- Last Round Post-IPO — $138.0M
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First Round
First Round
(03 Feb 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Post-IPO - i3 Verticals | Valuation |
investors |
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| Oct, 2017 | Amount | Series A - i3 Verticals | Valuation |
investors |
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| Aug, 2017 | Amount | Series A - i3 Verticals | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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First Financial Bank is engaged in providing banking and financial services.
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Founded Year | Domain | Location | |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location | |
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A commercial bank offering deposits, loans, and payment services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Legal services are provided in Sulphur Springs, United States.
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2006 | ||||
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Text-based fundraising platform for nonprofit organizations
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2006 | ||||
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Fund accounting software is offered for governments and non-profits.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - i3 Verticals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
I3 Verticals Comparisons
Competitors of i3 Verticals
i3 Verticals operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Stripe, PayPal, Deltek and Flutterwave, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for project-driven organizations.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for multiple industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on I3 Verticals
Frequently Asked Questions about i3 Verticals
When was i3 Verticals founded?
i3 Verticals was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is i3 Verticals located?
i3 Verticals is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Who is the current CEO of i3 Verticals?
Greg Daily is the current CEO of i3 Verticals. They have also founded this company.
Is i3 Verticals a funded 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 $14M, raised on Feb 03, 2014.
How many employees does i3 Verticals have?
As of Sep 30, 2024, the latest employee count at i3 Verticals is 1,480.
What is the annual revenue of i3 Verticals?
Annual revenue of i3 Verticals is $229.92M as on Sep 30, 2024.
What does i3 Verticals do?
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.
Who are the top competitors of i3 Verticals?
i3 Verticals's top competitors include Stripe, Workday and Flutterwave.
What products or services does i3 Verticals offer?
i3 Verticals offers Motor Vehicle Software, Case Management, and Patient Engagement Platform.
Is i3 Verticals publicly traded?
Yes, i3 Verticals is publicly traded on NASDAQ under the ticker symbol IIIV.
How many acquisitions has i3 Verticals made?
i3 Verticals has made 11 acquisitions, including AccuFund, Axia Payments, and BIS/i3 Public Sector.
Who are i3 Verticals's investors?
i3 Verticals has 6 investors. Key investors include Bank of America, Pinnacle Financial Partners, Infinx, CapStar Bank, and First Financial Bank.
What is i3 Verticals's ticker symbol?
The ticker symbol of i3 Verticals is IIIV on NASDAQ.
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