Choice Taps Nexa Equity as Majority Investor, Acquires Direct Payment Consultants

Choice’s acquisition of Direct Payment Consultants expands its leading omnichannel payment platform to over $3 billion in annual volume of payments to more than 7,000 customers

SAN FRANCISCO, April 26, 2022 /PRNewswire/ — Nexa Equity LLC, a private equity firm focused on scaling lower middle market software and fintech companies, announced today that it has acquired Choice Inc., a leading global payment platform. Additionally, Choice acquired Direct Payment Consultants, a payments provider that partners directly with merchants. After the acquisition, Choice’s platform will process more than $3 billion in annual volume of payments to more than 7,000 customers in United States and Canada. The founding teams of Choice and Direct Payment Consultants each continue to hold a significant stake in the combined business. Financial terms of the transactions were not disclosed.

The Choice global payments platform provides advanced, end-to-end omnichannel commerce solutions for merchants and technology companies of all sizes. The company’s modern payment integrations and enterprise management solutions enable independent software vendors (ISVs), payment facilitators (PayFacs), enterprise merchants and independent sales organizations (ISOs) to enable their merchants to accept multiple electronic payment types and tools to scale their business.

Direct Payment Consultants is focused on helping merchants complete end-to-end payment transactions for their businesses. Combined with Choice’s leading platform, Choice and Direct Payment Consultants customers will benefit from an expanded product portfolio and shared insights from operators with a deep understanding of the payments space.

“Choice’s mission to modernize the convergence of payments and technology to transform the future of commerce aligns well with Nexa Equity’s investment strategy,” said Nexa Founder and Managing Partner Vlad Besprozvany. “We look forward to evolving the Choice platform through organic initiatives while continuing to actively pursue strategic acquisitions such as Direct Payment Consultants.”

Nexa Equity’s investment will strengthen Choice’s go-to-market team and enhance its omnichannel fintech platform. The platform includes a payment gateway, application programming interfaces (APIs), point-of-sale software, invoicing, recurring billing, integrated financing, real-time underwriting and comprehensive reporting for partners and merchants.

“We wanted a financial partner who understood our business, our goals and our end customer, and we found it in Nexa Equity,” said the CEO of Choice. Jean Paul Golino. “Choice is focused on providing customers with the industry’s most comprehensive and advanced omnichannel payment solutions to benefit all parties in the equation. Our acquisition of Direct Payment Consultants will allow us to further realize this vision. and I’m thrilled to have the direct payment consulting team join us and take Choice to the next level together.”

“We are thrilled to partner with Choice and enhance our service to customers by offering Choice’s proprietary platform software and tools,” added the CEO of Direct Payment Consultants. jim black. “The combination strengthens our ability to deliver a leading integrated payment solution to our customers and partners, and we look forward to what we will accomplish as a combined team.”

Weil, Gotshal & Manges LLP and Morris, Manning & Martin acted as legal advisors to Nexa Equity in connection with the transactions.

MAPP Advisors, a financial technology advisory firm specializing in payments, and CorvinoLaw advised Choice on the acquisition of Nexa.

733Park, an M&A advisory firm specializing in payments, fintech, crypto and SaaS, advised Nexa Equity and Choice on the Direct Payment Consultants transaction.

About Nexa Equity

Nexa Equity is a San Francisco, CA-based private equity firm that partners with fast-moving, founder-led SaaS and fintech companies that cater to technology-underserved markets to create a sustainable value for the benefit of its investors and portfolio companies. The company manages over $250 million in private equity and is focused on continuing to grow its portfolio of businesses. The Nexa Equity team brings substantial investment and operational experience to the table and helps management teams professionalize and scale their businesses and drive long-term sustainable growth. For more information, visit

About Choice Merchant Solutions

Choice is a fast-growing payments and technology fintech that provides merchants with a robust, omnichannel commerce experience. The company’s proprietary technology platform integrates seamlessly into software vendor technology stacks, enabling integrated payment monetization as well as comprehensive fraud management tools, analytics and reporting for ISVs and their merchants. For more information, visit

About Direct Payment Consultants

Direct Payment Consultants is a Pennsylvania based payment company. Direct Payment Consultants partners with businesses across the country to accept all major payment cards. The company is committed to providing its customers with the best payment processing services, along with cost reduction measures, to enable customers to achieve better business results. For more information, visit

Media Contact:
Marc Semer/Nathaniel Garnick
Gasthalter & Cie.
[email protected]
(212) 257-4170

Choice of SOURCE; Nexa Equity

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Elaine R. Knight