Network Merchants raises funding for e-commerce paymet tech

Secured funding

Network Merchants, an e-commerce payment firm, has received a major growth investment from Bregal Sagemount. The company offers gateway functionality, as well fraud monitoring, payment routing and mobile functionality.

“We’ve enjoyed building a partner-centric company that strategically enables the success of some of the leading and fastest growing payments companies in the industry,” said Chief Executive Officer Jim McKenzie. “This transaction marks a major milestone for us and we’re excited to join forces with Bregal Sagemount, which will further advance our ability to serve clients. When they approached us, it was clear the Bregal Sagemount team had done their homework on the sector and had a thoughtful investment thesis. Collectively, we have developed a growth plan to expand our product suite and increase our market footprint to further serve our affiliate partners.”

“We’re very pleased to be investing in NMI alongside management”, said Gene Yoon, Managing Partner at Bregal Sagemount. “Network Merchants has developed a compelling set of products which have seen fantastic traction in the market over the past several years. The company is well positioned to capture opportunities around the growth in e-commerce and mobile commerce, as well as the growing adoption of integrated payments solutions. We’re looking forward to working with Jim and the NMI team in the coming years as they build on their leadership position in this large and exciting market.”

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