Latest news with #NMI
Yahoo
2 days ago
- Business
- Yahoo
NMI appoints new CEO
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Embedded payments player NMI, which processes $440 billion annually, has appointed former Billtrust President Steven Pinado as its next CEO, effective Sept. 2, according to a Tuesday NMI press release. Pinado most recently has been a partner at New York venture capital firm Radian Capital, where he worked with the firm's software company investments. He replaces Vijay Sondhi, who has been in NMI's top post for seven years. Sondhi will remain as an advisor through the end of the year, the release said. NMI board chairman Peter Christodoulo, a partner at NMI investor Francisco Partners, said Pinado's 'strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase.' Dive Insight: While the NMI release said Pinado would take the CEO post next month, his LinkedIn profile already had him in the role this month. His profile also showed he has served on the boards of several software companies that provide services, such as payments processing, to merchants. They included Browzwear, Helcim and Emporia Holdings. Schaumburg, Illinois-based NMI built a business on payments gateway services and has wooed financial institution clients with software aimed at helping banks compete with younger fintechs. Its mission has been to sell software to banks and other clients, which allows them to offer merchants payments tools that reduce friction for credit card transactions. NMI now caters to about one million clients, processing 5.8 billion in transactions annually, up from 550 million transactions when Sondhi arrived in 2018, according to the release. In an NMI blog post, Sondhi, a former Visa executive, said he made the decision to step down. He noted his track record included expanding NMI's annual payments volume nearly tenfold and integrating five acquisitions. Those purchases included the 2023 acquisition of the commercial division of payments software firm Sphere, and the year before, NMI bought payments customer relationship software firm IRIS. The privately held NMI has also attracted investments from the New York venture capital firm Insight Partners and Boston-based Great Hill Partners. Recommended Reading NMI aims to equip banks with modern payments tech
Finextra
4 days ago
- Business
- Finextra
NMI names Steven Pinado as CEO
NMI, a global leader in embedded payments infrastructure, announces a leadership transition designed to power its next wave of innovation and growth. 0 After seven years at the helm, CEO Vijay Sondhi will step down, making way for seasoned fintech executive Steven Pinado to take the reins as Chief Executive Officer, effective September 2, 2025. To ensure a seamless transition, Sondhi will remain with the company as a strategic advisor through the end of the year. Vijay Sondhi, CEO at NMI said: 'Leading NMI has been both an honor and a privilege. I'm incredibly proud of what we've built together - a platform that empowers innovation across the payments ecosystem. As the company enters its next phase, I'm confident we've laid a strong foundation for continued growth, powered by an exceptional executive team and a new CEO ready to lead NMI into its next chapter.' Pinado brings nearly 30 years of experience in fintech, embedded payments, and scaling growth-stage businesses. Most recently a Partner at Radian Capital, he led the firm's operating team, advising high-growth technology companies. Before that, he served as President of Billtrust, where he steered the company through a successful IPO and subsequent sale. He also held leadership roles at Jonas Software and Constellation Payments, where he pioneered embedded payments for software platforms. His diverse background spans payment processors, issuers and SaaS platforms, uniquely positioning him to lead NMI into its next chapter of growth and innovation. This appointment follows a thoughtful succession planning process, led by Sondhi in close partnership with NMI's executive leadership team and board of directors, to ensure continuity and position the company for long-term success. During Sondhi's tenure, NMI transformed from a payment gateway provider into a full-stack embedded payments acceptance platform. Over the past seven years the company has grown from enabling 550 million transactions and $45 billion in annual payments volume to processing more than 5.8 billion transactions and $440 billion annually. The network of merchants powered by NMI has expanded nearly tenfold, now exceeding one million worldwide. Under his leadership, NMI completed five acquisitions, expanding the company's capabilities across in-person, online, unattended and mobile commerce, and accelerating its evolution into a category leader in embedded payments. Peter Christodoulo, partner at Francisco Partners and chairman of NMI's board said: 'Vijay has been an exceptional leader for NMI, guiding the company through a period of significant transformation and growth. His vision and execution helped shape NMI into the embedded payments leader it is today, and we're deeply grateful for his many contributions. As we look to the future, we're thrilled to welcome Steve as our new CEO. His strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase.' Steven Pinado said: 'NMI has built an impressive legacy as a leader in embedded payments infrastructure. I am honored to succeed Vijay, and excited to join this outstanding team at such a pivotal moment. As software continues to reshape commerce, NMI is well-positioned to continue helping our partners deliver seamless, scalable payment experiences.' Byron Lichtenstein, Managing Director at Insight Partners said: 'Vijay's leadership played a pivotal role in positioning NMI as a category-defining embedded payments platform. As the company enters its next stage of growth, Steve's operational experience, fintech fluency and strategic vision will help NMI scale new heights and deliver even greater value to our partners. We look forward to supporting him and the NMI team in this exciting new journey.'
Yahoo
5 days ago
- Business
- Yahoo
NMI Ushers in Next Era of Embedded Payments with New CEO Appointment
Leadership transition positions NMI for next phase of growth as Steven Pinado succeeds Vijay Sondhi as Chief Executive Officer SCHAUMBURG, Ill., August 12, 2025--(BUSINESS WIRE)--NMI®, a global leader in embedded payments infrastructure, announces a leadership transition designed to power its next wave of innovation and growth. After seven years at the helm, CEO Vijay Sondhi will step down, making way for seasoned fintech executive Steven Pinado to take the reins as Chief Executive Officer, effective September 2, 2025. To ensure a seamless transition, Sondhi will remain with the company as a strategic advisor through the end of the year. Vijay Sondhi, CEO at NMI said:"Leading NMI has been both an honor and a privilege. I'm incredibly proud of what we've built together - a platform that empowers innovation across the payments ecosystem. As the company enters its next phase, I'm confident we've laid a strong foundation for continued growth, powered by an exceptional executive team and a new CEO ready to lead NMI into its next chapter." Pinado brings nearly 30 years of experience in fintech, embedded payments, and scaling growth-stage businesses. Most recently a Partner at Radian Capital, he led the firm's operating team, advising high-growth technology companies. Before that, he served as President of Billtrust, where he steered the company through a successful IPO and subsequent sale. He also held leadership roles at Jonas Software and Constellation Payments, where he pioneered embedded payments for software platforms. His diverse background spans payment processors, issuers and SaaS platforms, uniquely positioning him to lead NMI into its next chapter of growth and innovation. This appointment follows a thoughtful succession planning process, led by Sondhi in close partnership with NMI's executive leadership team and board of directors, to ensure continuity and position the company for long-term success. During Sondhi's tenure, NMI transformed from a payment gateway provider into a full-stack embedded payments acceptance platform. Over the past seven years the company has grown from enabling 550 million transactions and $45 billion in annual payments volume to processing more than 5.8 billion transactions and $440 billion annually. The network of merchants powered by NMI has expanded nearly tenfold, now exceeding one million worldwide. Under his leadership, NMI completed five acquisitions, expanding the company's capabilities across in-person, online, unattended and mobile commerce, and accelerating its evolution into a category leader in embedded payments. Peter Christodoulo, partner at Francisco Partners and chairman of NMI's board said:"Vijay has been an exceptional leader for NMI, guiding the company through a period of significant transformation and growth. His vision and execution helped shape NMI into the embedded payments leader it is today, and we're deeply grateful for his many contributions. As we look to the future, we're thrilled to welcome Steve as our new CEO. His strategic mindset and deep expertise across payments and software make him the right person to lead NMI into its next phase." Steven Pinado said:"NMI has built an impressive legacy as a leader in embedded payments infrastructure. I am honored to succeed Vijay, and excited to join this outstanding team at such a pivotal moment. As software continues to reshape commerce, NMI is well-positioned to continue helping our partners deliver seamless, scalable payment experiences." Byron Lichtenstein, Managing Director at Insight Partners said:"Vijay's leadership played a pivotal role in positioning NMI as a category-defining embedded payments platform. As the company enters its next stage of growth, Steve's operational experience, fintech fluency and strategic vision will help NMI scale new heights and deliver even greater value to our partners. We look forward to supporting him and the NMI team in this exciting new journey." About NMINMI is a global leader in embedded payments, powering more than $440+ billion in payment volumes every year. From our industry-leading payment gateway technology to our seamless merchant underwriting, acquiring, onboarding and management platform, we enable our partners across the entire payments ecosystem. We help our partners deliver frictionless payment solutions to their customers, offering modularity, flexibility and choice, wherever and however consumers want to pay – online, in-store, in-app, mobile and unattended. And we're constantly innovating, empowering ISOs, software vendors and payment professionals as they embrace the future of fintech. Visit About Francisco PartnersFrancisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $50 billion in capital raised, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit About Insight PartnersInsight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit or follow us on X @insightpartners. View source version on Contacts Media Contact Audrey Surette (for NMI)nmi@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
04-07-2025
- Sport
- RNZ News
Swimming prodigy Aleksenko rakes up six golds for Northern Mariana Islands
Isaiah Roger Aleksenko Photo: RNZ Pacific/Coco Lance Team Northern Mariana Islands (NMI) member Isaiah Aleksenko, 19, is leading the charge among Pacific swimmers at the Mini Games 2025. The swimming prodigy has emerged as a dominant force thus far, racking up six gold medals and making a regular appearance at the top of the leaderboards. Of the 21 medals secured by the Northern Mariana Islands so far, nine have been gold. Aleksenko has topped the podium in the men's 50m backstroke, 50m butterfly, 100m individual medley, 100m butterfly, 200m butterfly, and the 100m backstroke, marking himself as a dominant force amongst Pacific's top swimmers. "Individually, I've got five gold (now six), and in relays we got a bronze and silver," he said. But it's not just the medals that define Aleksenko - the youngster's mindset toward swimming has largely contributed to his success. "I try to keep a positive mindset when competing, because that's important," he said. "Swimming is a sport that really requires mental strength. Any negative thoughts can affect your race, so I always focus on staying positive." That philosophy, hand-in-hand with his undeniable talent, is working. Isaiah Alekenkso and mum, Yulia Alekenkso Photo: Contributed to Marianas Variety/Candy Feliciano Aleksenko's journey began at the age of five, encouraged into the sport by his mother - an idea she had initially proposed as a way of keeping him fit and healthy. "She wanted to make sure I stayed active, so I swam," he said. "But after a while, I started getting really good, and she made sure I stuck to it." In a 2024 interview with Marianas Variety , Aleksenko's mum Yulia spoke about how she wanted to nurture his talent. "At first, I just wanted Isaiah to have a sport after school," she said. "But when he started training, the coaches saw he was incredibly talented. From his practice, I could also see he had a gift for swimming that could be developed." In the same interview with Marianas Variety editor Candy Feliciano, Yulia said that maintaining his interest was difficult. He initially wanted to quit when he first started, so she took a creative approach to keeping his interest - learning how to swim alongside him, although scared of swimming herself. "While Isaiah was training, I was learning and training too. I wanted to show Isaiah we could both do it," she told Marianas Variety. Now, 14 years later, Alekenkso is a rising star on the international stage. In 2023, at his first official meet, Aleksenko clinched five gold medals and broke four records. In 2024, he was named the Northern Marianas Overall Sports Male Student-Athlete of the Year. Aleksenko is quick to credit those around him, however, thanking his coaches, teammates, and mum for his success. "Without them, this would be impossible," he said. There's also a sense of cultural pride and camaraderie that fuels him at events like the Mini Games. "We're all from the islands here, and it's really motivating to compete against all these guys. There's so much energy. Even if someone comes last, we're still clapping for them, we cheer each other on a lot." Northern Mariana Islands swimmer Isaiah Aleksenko with his supporters at the 2025 Pacific Mini Games in Koror. 1 July 2025 Photo: Facebook / Mariana Press Despite his dominance, Aleksenko wants to make sure that he uplifts the next generation of swimmers, too. "I'm at the top, but there are definitely young swimmers that are coming up fast," he said. "I want to motivate them to do better, that's important for our future." One of his defining moments as a swimmer was as a spectator watching world-class swimmers at the World Championships. "When I first went to world champs, it was really motivating. I got to watch all these world-class swimmers, the best in the world. That was my biggest stick-out moment." Aleksenko has shown himself as a top swimmer in the region, in a sport that had been dominated by Tahiti in the past. His performances in Koror already places him as a favourite going into the 2027 Pacific Games in Tahiti.
Business Wire
03-06-2025
- Business
- Business Wire
LANDI and NMI Expand Partnership with Launch of LANDI M20SE: A Compact, Cost-Effective Android Device Configured for Tap to Pay
BUSINESS WIRE)-- NMI ®, a leader in embedded payments infrastructure, and LANDI Global, a leading provider of smart POS devices, announce the LANDI M20SE, a compact, all-in-one Android device, now available as part of the NMI Tap to Pay portfolio. As a cost-effective alternative to traditional mobile POS terminals, it gives small businesses an easy and affordable way to modernize in-person payments. Fully compatible with Mastercard's Cloud Commerce Tap to Pay on Android, the M20SE is a purpose-built solution that streamlines operations and delivers a seamless checkout experience for ISOs, resellers and their merchants. It offers the benefits of integrating modern payment technology, like SoftPOS, while minimizing complexity and upfront costs, making it an ideal choice for businesses seeking flexibility, functionality and value. Kanan Keeney, Senior Product Manager at NMI, said: 'Tap to Pay using a mobile phone is a fantastic low-cost option that removes the need for additional point-of-sale hardware, but it's not always a practical solution. Small businesses may hesitate to issue phones to every employee, or face challenges when relying on personal devices. At the same time, traditional contactless POS systems can come with a hefty price tag. The LANDI M20SE bridges that gap, offering a sleek, professional, POS device that's affordable, easy to deploy and packed with out-of-the-box functionality. It's a powerful new addition to NMI's expanding Tap to Pay portfolio.' Gary Topper, Vice President at LANDI, said: 'We're excited to expand our partnership with NMI as we continue to shape the future of the seamless customer experience. The M20SE reflects LANDI's commitment to delivering innovative, high-performance mobile devices that keep businesses agile in today's fast-moving payments landscape. Whether it's a large enterprise platform or a local shop, together with NMI, we're giving merchants a fast, flexible, cost-effective way to accept secure Tap to Pay transactions and provide a seamless checkout experience anywhere they do business.' Feature-rich and merchant-friendly, the M20SE, when used with the Cloud Commerce app, enables merchants to: Add multiple line items to a sale Prompt for tips Apply discounts and tax rates Send digital receipts View transactions Void or refund payments All functionality is available in-app, with no need for external peripherals or software development. Activating the LANDI M20SE is quick and hassle-free. Partners simply enable Tap to Pay on Android in the NMI Marketplace. Merchants download the Cloud Commerce app from Google Play and are then ready to start accepting contactless payments — no additional hardware, coding or complex setup required. About NMI NMI is a global leader in embedded payments, powering more than $440+ billion in payment volumes every year. From our industry-leading payment gateway technology to our seamless merchant underwriting, acquiring, onboarding and management platform, we enable our partners across the entire payments ecosystem. We help our partners deliver frictionless payment solutions to their customers, offering modularity, flexibility and choice, wherever and however consumers want to pay – online, in-store, in-app, mobile and unattended. And we're constantly innovating, empowering ISOs, software vendors and payment professionals as they embrace the future of fintech. Visit About LANDI LANDI Global is a leader in payment and professional merchant solutions. With over 100 million top-tier Android and Windows units shipped, our state-of-the-art POS devices and versatile mobility devices, along with exceptional local support, make us a trusted partner for financial institutions, retail chains, and small businesses. Our commitment to innovation and quality drives us to actively shape the future of commerce. Learn more at
