NMI, a full commerce enablement technology company, has acquired the Sphere commercial division.

Adding Sphere’s commercial division underwriting and risk management capabilities will allow NMI partners to monetize more of the value chain by offering additional payment capabilities to their merchants. The acquisition will allow NMI partners, including independent software vendors, independent sales organizations and fintech innovators to create merchant accounts within the existing NMI platform.

“The addition of Sphere’s Commercial Division allows us to add yet another module to our stack of payment enablement tools, providing our partners with the modularity and choice to better customize payment experiences for their merchants,” says Vijay Sondhi, CEO of NMI.