About Network Merchants
Network Merchants is a company based in Roselle (United States) founded in 2001 by Ted Cucci and James McKenzie was acquired by Francisco Partners in September 2017.. 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 4 acquisitions, including Agreement Express, Creditcall and IRIS CRM. Network Merchants offers products and services including NMI Payments, Merchant Relationship Management, Payment Gateway, and ScanX / MonitorX. Network Merchants operates in a competitive market with competitors including Flutterwave, Square, SpotOn, Clover and ShopKeep, among others.
- Headquarter Roselle, United States
- Founders Ted Cucci, James McKenzie
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Sectors
RetailFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Network Merchants Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.18 M (USD)
in 4 rounds
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Latest Funding Round
$54.18 M (USD), Private Equity Round
Feb 26, 2022
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Investors
Francisco Partners
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Agreement Express
& 3 more
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Acquired by
Francisco Partners
(Sep 07, 2017)
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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. 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.
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.
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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 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 Total Funding
- Total Rounds 4
- Last Round Private Equity Round — $54.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Private Equity Round - Network Merchants | Valuation |
investors |
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| Sep, 2021 | Amount | Series A - Network Merchants | Valuation | Insight Partners , Francisco Partners | |
| May, 2014 | Amount | Private Equity Round - Network Merchants | Valuation |
investors |
| 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 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. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Business acquisitions are targeted by the private equity firm.
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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 Network Merchants
Network Merchants has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Agreement Express, Creditcall and IRIS CRM. 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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Sales automation software is provided for electronic payment processing.
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2010 | ||||
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New merchant applications are managed and verified via SaaS platform.
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2001 | ||||
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Credit card processing and payment solutions are provided to merchants.
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1998 |
| 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 - Network Merchants
| 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 |
Network Merchants Comparisons
Competitors of Network Merchants
Network Merchants 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 Flutterwave, Square, SpotOn, Clover and ShopKeep, 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 |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
Payment processing and treasury management solutions are offered to businesses.
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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 Network Merchants
Frequently Asked Questions about Network Merchants
When was Network Merchants founded?
Network Merchants was founded in 2001 and raised its 1st funding round 12 years after it was founded.
Where is Network Merchants located?
Network Merchants is headquartered in Roselle, United States. It is registered at Roselle, New Jersey, United States.
Who is the current CEO of Network Merchants?
Vijay Sondhi is the current CEO of Network Merchants.
Is Network Merchants a funded company?
Network Merchants is a funded company, having raised a total of $54.18M across 4 funding rounds to date.
What does Network Merchants do?
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.
Who are the top competitors of Network Merchants?
Network Merchants's top competitors include Flutterwave, Square and SpotOn.
What products or services does Network Merchants offer?
Network Merchants offers NMI Payments, Merchant Relationship Management, Payment Gateway, and ScanX / MonitorX.
How many acquisitions has Network Merchants made?
Network Merchants has made 4 acquisitions, including Agreement Express, Creditcall, and IRIS CRM.
Who are Network Merchants's investors?
Network Merchants has 4 investors. Key investors include Francisco Partners, Insight Partners, Great Hill Partners, and Bregal Sagemount.
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