About Network Merchants
Network Merchants is a Retail company based in Roselle (United States) founded in 2001 by Ted Cucci and James McKenzie, and was acquired by Francisco Partners in September 2017. It operates as a white-label payment gateways are built for global e-commerce transactions. It operates in the Retail and Financial Services sectors. Network Merchants has raised $54.18 million across 4 funding rounds from investors including Francisco Partners, Insight Partners and Great Hill Partners. Network Merchants has completed 5 acquisitions, including Agreement Express, Creditcall and Dwolla. Its chief executive is Vijay Sondhi. Its website nmi.com draws about 424 thousand monthly visits. Network Merchants offers products and services including NMI Payments, Merchant Relationship Management, Payment Gateway, and ScanX / MonitorX. Its focus areas include FinTech, Payments, Business Payments and Diversified. Its legal entity is Network Merchants Ltd. Its competitors include Flutterwave, Square, SpotOn, Clover and ShopKeep and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Network Merchants, LLC, was founded in 2001 and is headquartered in Roselle, United States. Payment gateway solutions are developed and maintained for e-commerce companies processing real-time online transactions worldwide. A suite of services is delivered through distribution channels including financial institutions, ISOsMSPs, payment processors, VARs, and developers. An open-architecture design is utilized, enabling affiliate partners to retain branding while earning residuals on merchant processing without internal competition.
- Headquarters Roselle, United States
- Founders Ted Cucci, James McKenzie
- Stage Acquired
- SectorsRetailFinancial Services
- Website category Finance · Financial Planning and Management
- Website nmi.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Francisco Partners (Sep 2017)
- Legal Name Network Merchants Ltd.
- Total Equity Funding$54.18M (USD)
in 4 rounds
- Latest Funding Round$54.18M (USD), Private Equity Round
Feb 2022
- InvestorsFrancisco Partners
& 3 more
- Investments & AcquisitionsAgreement Express
& 4 more
- Acquired byFrancisco Partners
(Sep 2017)
Products & Services of Network Merchants
Network Merchants offers a comprehensive portfolio of products and services, including NMI Payments, Merchant Relationship Management, Payment Gateway, and ScanX / MonitorX.
All-in-one platform for accepting and managing payments securely.
Tools for merchant underwriting and lifecycle management efficiently.
Secure gateway for various payment methods and integrations.
Performs quick risk checks and generates detailed reports.
Apps and channels of Network Merchants
its YouTube channel NMI has 862 subscribers and 30 videos.
Videos from Network Merchants
The most watched videos on Network Merchants's YouTube channel, NMI (862 subscribers). Click a video to play it here.
More on NMI.
Funding Insights of Network Merchants
Network Merchants has successfully raised a total of $54.18M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round of $54.18 million completed in February 2022. 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 $54.18M
- Total Rounds 4
- Last Round Private Equity Round — $54.18M
- Investors Count 4
All 4 funding rounds of Network Merchants 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 2022 | $54.18M | Private Equity Round | – | – | – |
| Sep 2021 | – | Series A | – | Insight Partners, Francisco Partners | |
| May 2014 | – | Private Equity Round | – | – | |
| Sep 2013 | – | Private Equity Round | – | – |
4 investors in total: 4 institutional.
Investors in Network Merchants
Network Merchants has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Francisco Partners, Insight Partners and Great Hill Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | – | insightpartners.com | - | |
Private equity investment firm focused on technology sector | 1999 | franciscopartners.com | San Francisco, United States | |
Business acquisitions are targeted by the private equity firm. | – | greathillpartners.com | Boston, United States | |
Investments are directed toward high-growth startups in multiple sectors. | – | sagemount.com | New York, United States |
Investor details for Network Merchants
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Network Merchants
9 people are tracked at Network Merchants (6 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Ted Cucci | Co-Founder | Leadership |
James McKenzie | Co-Founder & Chairman | Leadership |
Vijay Sondhi | CEO | Leadership |
Peter Galvin | Chief Marketing Officer | Leadership |
Scott Hart | CFO | Leadership |
Tiffany Johnson | Chief Product Officer | Leadership |
Kate Hampton | SVP of Corporate Development | Team |
Robert Hoblit | CRO | Team |
Phillip Goericke | SVP of Engineering | Team |
Complete people profiles for Network Merchants
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Investments & Acquisitions by Network Merchants
Network Merchants has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Agreement Express, Creditcall and Dwolla.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of payment gateway solutions for businesses | dwolla.com | Des Moines, United States | 2008 | May 2026 | •••• | |
New merchant applications are managed and verified via SaaS platform. | agreementexpress.com | Vancouver, Canada | 2001 | Dec 2022 | •••• | |
Sales automation software is provided for electronic payment processing. | iriscrm.com | Brooklyn, United States | 2010 | Jan 2022 | •••• | |
Credit card processing and payment solutions are provided to merchants. | usaepay.info | Glendale, United States | 1998 | Feb 2021 | •••• | |
Payment gateway services are provided for terminals and mobile applications. | creditcall.com | Bristol, United Kingdom | 1997 | Mar 2018 | •••• |
Complete acquisition details for Network Merchants
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- Acquired stakes
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Network Merchants
9 dated milestones of Network Merchants across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Network Merchants is founded.
- Funding First funding round.
- Exit Acquired by Francisco Partners.
- Acquisition Acquires Creditcall.
- Acquisition Acquires USAePay.
- Acquisition Acquires IRIS CRM.
- Funding Latest funding round, Private Equity Round, of $54.2M.
- Acquisition Acquires Agreement Express.
- Acquisition Acquires Dwolla.
Competitors of Network Merchants
Network Merchants has 8 listed competitors in our database, 8 of them funded. They include Flutterwave, Square, SpotOn, Clover and ShopKeep, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| spoton.com | 1999 | San Francisco, United States | $900M | 1,355 | Provider of cloud-based POS software solutions for businesses and service providers | |
| clover.com | 2010 | Mountain View, United States | $8.75M | 6 | Cloud-based mPOS system for small business operations is offered. | |
| shopkeep.com | 2008 | New York, United States | $162.2M | 185 | Cloud-based point-of-sale software is provided for retailers and restaurants. | |
| moderntreasury.com | 2018 | San Francisco, United States | $183.15M | 77 | Payment processing and treasury management solutions are offered to businesses. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| nuvei.com | 2003 | Montreal, Canada | $321.71M | – | Payment processing solutions are delivered to merchants and businesses. |
Detailed competitors of Network Merchants
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Network Merchants
The website of Network Merchants (nmi.com) receives about 424K visits a month and ranks #90,112 among all websites worldwide, #5,677 in Financial Planning and Management.
- Monthly visits424K
▼ 2.1% vs previous month
- Unique visitors107.4K
per month
- Global rank#90,112
among all websites
- Category rank#5,677
Finance · Financial Planning and Management
- Bounce rate36%
- Pages per visit5.7
- Average visit3 min 45 sec
- DevicesDesktop 69% · Mobile 31%
Websites whose visitors overlap most with Network Merchants. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| authorize.net | 100% | 2.8M | #17,289 | View details | |
| cybersource.com | 88% | 9M | #6,152 | View details | |
| payjunction.com | 80% | – | #92,650 | View details | |
| paykings.com | 73% | – | #639,665 | View details | |
| transfirst.com | 73% | 36.4K | #504,319 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Network Merchants
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Top companies in Autonomous & In-Store Retail Tech
10 companies that operate in the same segment as Network Merchants (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 576 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | 2,684 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Uusimaa, Finland | USD 816.41 M | USD 247.75 M | 2,302 |
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Related news about Network Merchants
Complete news archive for Network Merchants
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Frequently Asked Questions about Network Merchants
Network Merchants was founded in 2001 and raised its 1st funding round 12 years after it was founded.
Network Merchants is headquartered in Roselle, United States. It is registered at Roselle, New Jersey, United States.
Vijay Sondhi is the current CEO of Network Merchants.
Network Merchants is a funded company, having raised a total of $54.18M across 4 funding rounds to date.
Network Merchants, LLC, was founded in 2001 and is headquartered in Roselle, United States. Payment gateway solutions are developed and maintained for e-commerce companies processing real-time online transactions worldwide. A suite of services is delivered through distribution channels including financial institutions, ISOsMSPs, payment processors, VARs, and developers. An open-architecture design is utilized, enabling affiliate partners to retain branding while earning residuals on merchant processing without internal competition.
Network Merchants's top competitors include Flutterwave, Square and SpotOn.
Network Merchants offers NMI Payments, Merchant Relationship Management, Payment Gateway, and ScanX / MonitorX.
Network Merchants has made 5 acquisitions, including Agreement Express, Creditcall, and Dwolla.
Network Merchants has 4 investors. Key investors include Francisco Partners, Insight Partners, Great Hill Partners, and Bregal Sagemount.
Network Merchants operates through Network Merchants Ltd..
Yes. Network Merchants was acquired by Francisco Partners in September 2017.
The website of Network Merchants receives about 424 thousand visits a month and ranks #90,112 among all websites worldwide.