Private equity firm Nexa Equity has acquired global payments firm Choice in addition to picking up Direct Payment Consultants, a payments provider that partners directly with merchants. The terms of the deal were not disclosed.
“Choice’s mission to modernize the convergence of payments and technology to transform the future of commerce aligns well with Nexa Equity’s investment strategy,” Nexa Founder and Managing Partner Vlad Besprozvany said in a press release on Tuesday (April 26).
“We look forward to scaling the Choice platform through organic initiatives while continuing to actively pursue strategic acquisitions like Direct Payment Consultants,” Besprozvany said.
Following the acquisition, Choice will have processed over $3 billion in annual payments for more than 7,000 customers in the U.S. and Canada. Both firms will continue to hold a stake in the combined entity.
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The Choice global payments platform provides advanced, end-to-end omnichannel commerce solutions to merchants and technology companies of all sizes. The company’s modern payment integrations and business management solutions empower independent software vendors (ISVs), payment facilitators (PayFacs), enterprise merchants and independent sales organizations (ISOs) to enable their merchants to accept multiple electronic payment types and tools to scale their businesses.
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