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Nexa Equity Acquires Payments Platform Choice, Direct Payment Consultants.

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Vincent

MANews-(C)2009-2022

US-based private equity firm Nexa Equity LLC has acquired payments platform Choice Inc., the firm said.

Additionally, Choice has acquired Direct Payment Consultants, a payments provider that partners directly with merchants.

After the acquisition, Choice's platform will process more than USD 3bn in annual payments volume across 7,000+ customers in the United States and Canada.

The founding teams of both Choice and Direct Payment Consultants each continue to hold a meaningful stake in the combined business.

Financial terms of the transactions were not disclosed.

The Choice global payments platform provides advanced, end-to-end omnichannel commerce solutions to merchants and technology companies of all sizes.

The company's payment integrations and business management solutions empower independent software vendors, payment facilitators (PayFacs), enterprise merchants and independent sales organizations to enable their merchants to accept multiple electronic payment types and tools to scale their businesses.

Direct Payment Consultants is focused on...

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