# NMI

> NMI is the white-label infrastructure company behind payment products sold by SaaS platforms, independent sales organizations, payment facilitators, banks and other channel partners. Its modular stack spans gateway services, acquiring and onboarding, merchant lifecycle management, fraud and compliance, in-person devices, embedded lending and - following its 2026 acquisition of Dwolla - account-to-account money movement. NMI says its expanded platform handles close to $700 billion in annual transaction volume while letting partners keep their own brands in front of merchants.

- **Founded:** 2001
- **Headquarters:** Schaumburg, Illinois, United States
- **Team size:** Approximately 830 employees in the supplied company-enrichment record; LinkedIn lists the company in the 201-500 employee band, so public estimates vary.
- **Products:** NMI Payment Gateway, NMI Payments, Merchant Central, ScanX, Tap to Pay
- **Notable:** Processed its 10 billionth transaction in 2024., Reported more than $502 billion in 2025 payment volume and 6.5 billion annual transactions at the start of 2026., Reached 6,000 channel partners, more than 1.2 million active merchants and about 235,000 connected devices by the end of 2025.

## Products & services

- **NMI Payment Gateway** — A white-label, PCI-compliant omnichannel gateway for online, in-app, in-store, mobile and unattended payments, with tokenization, fraud tools, reporting and broad processor connectivity.
- **NMI Payments** — A modular embedded-payments platform combining merchant acquisition, onboarding, acceptance, processing and payouts with revenue sharing for software companies and ISOs.
- **Merchant Central** — Payments-focused CRM and merchant lifecycle software for leads, onboarding, portfolio management, support, reporting and residual calculations, built from capabilities added through IRIS CRM.
- **ScanX** — Automated merchant statement analysis and risk-assessment tooling used in underwriting and pricing workflows.
- **Tap to Pay** — Android and iPhone acceptance options that turn supported phones into contactless payment devices through apps or SDKs, without a separate reader.
- **Network Tokens** — Network-issued card tokens designed to improve authorization rates, reduce exposed card data and keep recurring credentials current when cards change.
- **NMI Business Capital** — A Parafin-powered, white-label embedded lending product offering eligible merchants pre-approved working-capital offers inside their merchant portal.
- **Dwolla account-to-account payments** — API-first ACH, real-time payments, FedNow, open-banking and payout capabilities added to NMI through the Dwolla acquisition.
- **AXIUM SmartPOS** — NMI's Ingenico-based Android terminal family, combining partner applications with gateway connectivity, remote management and processor flexibility.

## Achievements

- Processed its 10 billionth transaction in 2024.
- Reported more than $502 billion in 2025 payment volume and 6.5 billion annual transactions at the start of 2026.
- Reached 6,000 channel partners, more than 1.2 million active merchants and about 235,000 connected devices by the end of 2025.
- Expanded to close to $700 billion in combined annual transaction volume after acquiring Dwolla in May 2026.
- Built connectivity to more than 150 processors and hundreds of certified payment devices and integrations.
- Named Best Payment Enablement Platform in the 2023 FinTech Breakthrough Awards.
- Named one of American Banker's Best Places to Work in Fintech in 2023.

## Latest updates

- **2026-07** — Launched AXIUM SmartPOS, its first all-in-one Android card-present terminal line, with Ingenico hardware and NMI gateway, management and compliance services.
- **2026-06** — Published U.S. parking-payment research reporting that nearly one in three surveyed drivers had received a ticket because of confusing payment instructions.
- **2026-05** — Acquired Dwolla to add API-first account-to-account payments, real-time rails, FedNow and payout capabilities; NMI said combined annual transaction volume approached $700 billion.
- **2026-01** — Reported $502 billion in 2025 payment volume, 6.5 billion annual transactions, 6,000 partners and more than 1.2 million active merchants.
- **2025-12** — Introduced NMI Business Capital, a Parafin-powered embedded lending option for partners and their eligible merchants.
- **2025-09** — Steve Pinado became chief executive, succeeding Vijay Sondhi after a seven-year tenure.

## Links

- Website: https://www.nmi.com
- LinkedIn: https://www.linkedin.com/company/nmipayments
- Twitter/X: https://x.com/NMIpayments
- YouTube: https://www.youtube.com/channel/UCNQ7nY9CtQLBP2qxN55SUZA
- Instagram: https://www.instagram.com/NMIpayments
- Facebook: https://www.facebook.com/NMIpayments

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Profile page: https://yespress.io/nmi
Published by YesPress — https://yespress.io
Last updated: 2026-08-14