Nexa acquires Choice, direct payment consultants
Private equity firm Nexa Equity has acquired global payments company Choice in addition to selecting Direct Payment Consultants, a payments provider that partners directly with merchants. Terms of the agreement were not disclosed.
“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. in a press release. Press release Tuesday (April 26).
“We look forward to evolving the Choice platform through organic initiatives while continuing to actively pursue strategic acquisitions such as Direct Payment Consultants,” Besprozvany said.
Following the acquisition, Choice will have processed more than $3 billion in annual payments for more than 7,000 customers in the United States and Canada. Both companies will continue to hold a stake in the combined entity.
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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.