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.

Read more: Paysend CEO: Cross-Border Payments Failed Consumers and SMBs

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.

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Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.


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Elaine R. Knight