NMI Acquires Spheres Commercial Division, Simplifying Payments for Partners
Summary
As part of the acquisition, Tom will join NMIs leadership team as the Senior Vice President, Partner Monetization. Our risk management and underwriting capabilities fit very nicely into NMIs vision of full commerce enablement as we give partners the choice and ownership they crave." This latest acquisition adds to NMIs rapid growth in supporting over 3,900 ISV, ISO and fintech partners that enable 280,000+ merchants on the platform, resulting in more than 2.3 billion transactions and $200B+ in payments volume. Sphere delivers products and solutions that are trusted by more than a third of the 100 largest health systems in the US and thousands of independent medical providers across the country to facilitate and drive secure payments by having Spheres software solutions highly integrated into clients workflows, patient billing systems, and electronic health records. Sphere also provides fundraising software solutions and tools to 8,000 nonprofits in the US and Canada and maintains key integrations in high growth verticals like insurance, parking, and transportation.
Classifications
AskAI Classifications
LabelsLinked Companies
