Nexa Equity, a private equity firm focused on software and fintech businesses, has acquired Choice, a global payments platform. Furthermore, Choice has acquired Direct Payment Consultants, a payments provider that partners directly with merchants.
Choice is a payments and technology fintech that offers merchants a robust, omnichannel commerce experience. Choice’s proprietary technology platform integrates seamlessly into software vendor technology stacks, enabling embedded payment monetization and fraud management tools for ISVs and their merchants.
Direct Payment Consultants is a payments company. Direct Payment Consultants partners with businesses across the country to accept all major payment cards. Choice’s acquisition of Direct Payment Consultants expands its leading omnichannel payments platform to more than $3 billion in annual payments volume across 7,000+ customers.
“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 managing partner Vlad Besprozvany. “We look forward to scaling the Choice platform through organic initiatives while continuing to actively pursue strategic acquisitions like Direct Payment Consultants.”
Weil, Gotshal & Manges LLP and Morris, Manning & Martin served as legal counsel to Nexa Equity in connection with the transactions. MAPP Advisors, a fintech advisory firm with a core focus on payments, and CorvinoLaw advised Choice in connection with the Nexa acquisition. 733Park, an M&A advisory firm specializing in payments, fintech, crypto, and SaaS, advised Nexa Equity and Choice on the Direct Payment Consultants transaction.