NMI Acquires Agreement Express’s Payments Solutions, Providing More Value for Partners

NMI and Agreement Express’s combined solution will enable partners to better scale and

monetize merchant portfolios

SCHAUMBURG, IL – DECEMBER 6, 2022 – NMI, a leading full commerce enablement

technology company, has acquired the Agreement Express payments solutions, including

onboarding, underwriting and risk monitoring capabilities designed for current and emerging

leaders in financial services. Together, the pair’s joint offering enables ISV, ISO and fintech

partners to sign up and monetize merchants more quickly and easily.

With the addition of Agreement Express’s payments solutions, NMI has expanded its full

commerce enablement offering to include world-class underwriting and risk monitoring

capabilities that substantially enhance its merchant sign-up offering. This acquisition further

strengthens NMI’s vision to enable payments from sign-up to pay-out for its channel partners

and merchants.

“NMI continues to push the boundaries beyond traditional payments, and this acquisition

exemplifies exactly that,” said Vijay Sondhi, CEO of NMI. “Bringing together NMI with

Agreement Express addresses market demand for simplifying underwriting and will allow us to

deliver more value per merchant to our partners.”

Through this acquisition, Agreement Express will expand NMI’s capabilities by providing ISVs,

ISOs and fintech partners with customizable risk scoring, automated data collection, compliance

monitoring, ongoing Know Your Customer (KYC), anti-money laundering (AML), and fraud

screenings. This will allow channel partners to easily streamline these processes and grow their

merchant portfolios without the heavy lift.

“Coming together with NMI was a natural fit and creates added value through a new distribution

channel to not only our joint partners, but also the broader market,”said Dave O’Brien, CEO of

Agreement Express. “As the payments landscape continues to evolve, companies are looking

for new ways to scale with modular solutions and bringing together our solutions provides even

more freedom of choice.”

Agreement Express is headquartered in Vancouver. NMI welcomes the Agreement Express

employees from the payments segment of the business into the NMI family. Berenson &

Company served as financial advisor to NMI in connection with the transaction. Terms of the

acquisition are undisclosed.

NMI is specifically acquiring Agreement Express's payments solutions. Private equity firm

Frontier Growth will continue to own Agreement Express's wealth management arm of the

business.

This deal follows NMI’s acquisition of IRIS CRM in January. Together, they provide added value

for partners by bringing together easy sign-up and onboarding for merchants with the ability to

quickly monetize payments. This acquisition of Agreement Express capitalizes on that

momentum and demonstrates NMI’s continued growth.

For more information about NMI’s expanded offerings, please visit www.nmi.com.