Insight Partners has invested in payments technology company NMI. The firm joins existing investors Francisco Partners and Great Hill Partners. NMI will continue to be led by CEO Vijay Sondhi.
NMI, which was acquired by Francisco Partners in 2017, processes more than $150 billion in payments over 250,000 merchants globally. The target offers flexible omni-channel payment solutions across e-commerce, retail and mobile payments.
“NMI is transforming the payment industry with one of the largest ecosystems of integrations, technical capabilities, and partner relationships,” said Byron Lichtenstein and David Spiro, principals at Insight Partners.
Barclays and Kirkland & Ellis LLP advised NMI. Berenson & Co. and Willkie Farr & Gallagher LLP advised Insight Partners.